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[today's property market] Maotai Group and Greenland Group have a discussion * Beijing property market "Golden Nine Silver Ten" may be difficult for some real estate enterprises to exchange prices for quantity.
Sep 23,2020 10:57CST
translation
Source:SMM
[property market today] Maotai Group and Greenland Group have a discussion * Beijing property market "Golden Nine Silver Ten" may be difficult for some real estate enterprises to exchange price for volume * China Resources Group and Sichuan government signed strategic cooperation * era China 350 million US dollars 6-year note official issuance and listing interest rate 6.2%
The content below was translated by Tencent automatically for reference.

SMM9 March 23: [Maotai Group and Greenland Group discussion] on September 22nd, Gao Weidong, party committee secretary and chairman of Maotai Group, and Zhang Yuliang, chairman and president of Greenland Group, held a discussion at Maotai International Hotel. During the discussion, the two sides expressed the hope to further strengthen communication and exchanges, promote the establishment of long-term strategic cooperation, and achieve mutual benefit and win-win results.

The global economy was hit by the epidemic in 2020. For the real estate industry, the central government adheres to the regulation and control policy of not speculating in housing and implementing policies based on the city. We will promote the steady and healthy development of the real estate market. From the performance of the market end, the real estate sales market fell off a cliff in February and March, but with the control of the epidemic and the recovery of demand, the market gradually rebounded and remained stable after April, and the market volume and price fell significantly in the first quarter. With the improvement of the epidemic prevention and control situation in the second quarter, supply and demand have recovered, and the market has rebounded to a certain extent. "check details.

[China Resources Group and Sichuan Government signed strategic cooperation involving medicine and health, urban construction, etc.] on September 22, the official website of the Sichuan Provincial people's Government showed that the Sichuan Provincial people's Government and China Resources Group signed a strategic cooperation agreement in Chengdu. Peng Qinghua, secretary of the Sichuan Provincial CPC Committee, and Yin Li, deputy secretary of the Sichuan Provincial CPC Committee and governor of Sichuan Province, met with Wang Xiangming, chairman of the China Resources Group. It is understood that during the meeting, Peng Qinghua, Yin Li and Wang Xiangming exchanged views on implementing the agreement, further raising the level of cooperation, and deepening cooperation in the fields of energy investment, medicine and health, urban construction and rural revitalization.

[time China's official issuance and listing rate of US $350 million 6-year notes] on March 22, time China Holdings Co., Ltd. announced that one of its dollar bills will be officially issued and listed on September 23. It is understood that the principal amount of the bill is 350 million US dollars, the interest rate is 6.2%, and the term is due in 2026. As previously reported, time China said it planned to use the net proceeds from the bill issue to refinance some of its existing debt. It is reported that the last time China issued bonds was on August 21, when it successfully issued 1.1 billion yuan of domestic corporate bonds with an annual coupon rate of 5.94% and a maturity of four years.

[Shenzhen property plans to set up an overseas subsidiary in Vietnam to enter the local property management market] on September 22, Shenzhen property Development (Group) Co., Ltd. announced that its wholly-owned subsidiary intends to set up an overseas subsidiary. Shenzhen Guomao property Management Co., Ltd., a wholly-owned subsidiary of Shenzhen property Co., Ltd., plans to invest in the China-Vietnam (Shenzhen-Haiphong) Economic and Trade Cooperation Zone in Haiphong City, Vietnam to set up a wholly-owned subsidiary-Vietnam Sheng Guomao property Service Co., Ltd. The company will carry out property management services in the park with a registered capital of US $200000 (about 1.4 million yuan).

[the reorganization plan of Nanguo Real Estate to Power Construction Real Estate was agreed in principle by the State Council SASAC] Nanguo Real Estate said that the company received a "reply on matters related to the asset reorganization of Nanguo Real Estate Co., Ltd." by the State-owned assets Supervision and Administration Commission of the State Council, and the State-owned assets Supervision and Administration Commission of the State Council agreed in principle to the overall plan of the company's asset reorganization. Prior to this, on August 27, Nanguo Real Estate released the report on this major asset restructuring. Specifically, Nanguo Real Estate intends to issue shares and pay cash as consideration to China Power Construction and China Power Construction, the shareholders of China Power Construction Real Estate, to absorb and merge the Power Construction Real Estate, with a transaction price of about 11.275 billion yuan.

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