Evergrande & Sunac Restructure With Country Garden On Deck

Week in Review

  • China’s better-than-expected economic release this week failed to lift markets as most Asian equity markets closed lower on the week.
  • The Biden Administration added to the types of semiconductors that US companies and those using US-developed technology are unable to export to China, though most global chipmakers reported that they expected a small impact from the expanded list and continue to see target China for future growth.
  • Buybacks continued to increase this week with 10 state-owned enterprises (SOEs) announcing new buybacks or increases in their buyback programs while internet giant Tencent has bought back nearly $4 billion worth of its own stock so far this year.
  • Electric vehicle giant BYD guided for its Q3 net income to nearly double.

Key News

Asian equities ended an off week lower as 10-Year US treasury yields temporarily rose above 5% during Asia trading hours following Powell’s press conference

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Ultra-Luxury Property Investment In Hong Kong

Ultra-Luxury Property Investment In Hong Kong

Setting the example of an affluent residential area Mid-Levels in Hong Kong showcases amazing properties that uplift the style of elite homes. The sight of the location is extravagant because Mid Levels is nestled between the picturesque Victoria Peak and the busy Central. The locality is a combination of wealthy expatriates and rich locals. The disposable income and lifestyle evolution rose rapidly which contributed to the increase in demand for luxuries. The most sought-after component has been an elite or ultra-luxury home investment. Although there is a massive fluctuation in this sector, especially after the pandemic there is still high demand in the market. Hong Kong is known for well-equipped magnificent villas and apartments of which the mid levels west for sale is something to check out for home buyers.

The Mid Levels is one prominent place that is an aspiration for settlers because the luxury homes are a delight … Read the rest