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☆ I'm a travel expert and often travel with my family. These 5 romantic destinations are surprisingly great for families.
▼ + stars: | 2024-02-04 | by ( Taryn White | ) www.businessinsider.com time to read: +8 min

In fact, the world is brimming with destinations that effortlessly cater to both lovebirds and jet-setting families, merging fine dining, lavish lodging, and kid-approved activities. Go adventuring in St. LuciaSt. Lucia holds a special place in my family's hearts, as one of our first international destinations. Taryn White says that while CrossKeys Vineyard is great for couples, families with kids can also enjoy the atmosphere. Courtesy The Trip Wish ListFor those seeking a luxurious family retreat, there are many options, like Salamander Middleburg in Loudoun County. It also has family suites complete with bunk beds or twin beds, ensuring that everyone has plenty of space to unwind after a day of sightseeing.

Persons: —, I've, Lucia St, Lucia, Bean, there's, Walsh, Taryn White, CrossKeys, Paris isn't, Gigi, Angelina Organizations: Service, des Pitons, Gros, Petit, Resorts, Aurora, Aurora Entertainment, Virginia Wine, Veritas, Keswick Hall, Michelin, Jardin du, Jardin des, Louvre Museum, Fish Locations: Maldives, French Polynesia, Caribbean, St, Sulphur Springs, New Jerusalem, Morne, des, Anguilla, Little Bay, Sandy Islands, Zemi, Aurora, Morais, Salamander Middleburg, Loudoun County, Albemarle County, Clifton, Paris, Jardin, Jardin du Luxembourg, Jardin des Tuileries, Hana, Makena

Learn moreBusiness Insider Reviews has been covering the best pet products for more than five years. AdvertisementWhat types of pet products we coverFood: After hundreds of hours of interviews and research, we carefully selected the best cat foods and best dog foods. We also put dozens of litters to the test for our guides to the best cat litters and natural cat litter. Veterinarians and professional groomers also helped us narrow down the best dog toothpastes, dog dental chews, cat dental products, dog shampoos, and cat shampoos. Her article on pet anxiety in Pet Sitting Magazine was also nominated for The PSI Professional Pet Care Award.

Persons: We've, Ollie, we've, groomers, shampoos, Lisa Sabatini, Lisa, basset, JoAnna Pendergrass, JoAnna, Emory University's, Janelle Leeson, Janelle, Dodo, Shoshi Parks, Shoshi, Phoebe, Christy Caplan, Christy, Sherman, Walter, You'll, Jackie Brown, Jackie, Dr, Julie Liu, Liu, — Organizations: Health, Animal Association, Association of American, Business, Wall Street, JPen Communications, Virginia - Maryland College of Veterinary Medicine, Emory, Emory University's Yerkes, Primate Research, Insurance, Rover, Shop, USA, Freelance, Shoshi Parks, NPR, Smithsonian, Atlas Obscura, Portland Community College, Dog Writers Association of America, Animal Wellness, Product, Pet Health, Service Locations: Virginia, Shoshi, Oregon, Austin , Texas, Austin

☆ Hong Kong Court Convicts Four for Rioting After 2019 Legislature Storming
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

Hundreds of protesters stormed Hong Kong's Legislative Council building on July 1, 2019, after a protest march against a proposed extradition bill that would have allowed authorities to send individuals to mainland China for trial. District Court Judge Li Chi-ho found four people including Ho Chun-yin, actor Gregory Wong, Ng Chi-yung and Lam Kam-kwan guilty of rioting. During the trial, Gregory Wong told the court he entered the legislative council solely to deliver two chargers to reporters who were covering the break-in by protesters. Three Hong Kong police officers met him in Shenzhen and said he had to cooperate or else he would not be able to return to Hong Kong. Hong Kong's district court sets a maximum of seven years in prison for rioting.

Persons: Jessie Pang, Edward Cho HONG, Li Chi, Ho Chun, Gregory Wong, Ng Chi, Lam Kam, kwan, Lam, Wong Ka, Ma Kai, Wong, Althea Suen, Ventus Lau, Owen Chow, Edward Cho, Farah Master, Lincoln Organizations: Reuters, Hong, Legislative, Hong Kong, Hong Kong . Police, University of Hong Locations: Edward Cho HONG KONG, Hong Kong, China, Legco, Shenzhen, Hong Kong's

☆ Evergrande liquidation: Here’s what may happen next
▼ + stars: | 2024-01-31 | by ( Laura He | ) edition.cnn.com time to read: +9 min

But there is still little clarity over how the liquidation of Evergrande will unfold. That’s because the legal systems of Hong Kong and China remain distinct, despite Beijing’s growing control over the former British colony in recent years. No Chinese company as huge as Evergrande — which was once China’s second largest developer— has been wound up by a Hong Kong court. Hui Ka Yan, chairman of property developer China Evergrande. Since then, Evergrande has been building and selling apartments in mainland China, even though it has been unable to repay its debts.

Persons: Alvarez, Marsal, —, ”, John Bringardner, Hong, Hui Ka Yan, Xu Jiayin, Hui, Xiao En, Bobby Yip, Xiao, Evergrande, Florence Lo, homebuyers, Will, Andy Wong, Diana Choyleva, Xiao Yuanqi, ” Bringardner, ” Choyleva, Choyleva, “ Evergrande Organizations: Hong Kong CNN, Shimao, Kaisa Holdings, Group, “, Real, Century Business Herald, China Index Academy, Enodo, Communist Party, China’s, Financial Regulatory Administration, Getty, People’s Bank of China, Finance Ministry, Evergrande, Marsal Locations: Hong Kong, United States, China, British, New York, China . Hong Kong, Shenzhen —, Asia, Florence, Beijing, Real, Hainan

☆ Cramer's Lightning Round: 'We don't want' AMC
▼ + stars: | 2024-01-29 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Northrop Grumman's year-to-date stock performance. Stock Chart Icon Stock chart icon John Bean Technologies' year-to-date stock performance. Stock Chart Icon Stock chart icon AMC's year-to-date stock performance. Stock Chart Icon Stock chart icon Procore Technologies' year-to-date stock performance. Procore Technologies : "That's a very, very expensive stock...I say ka-ching ka-ching on some of that one."

Persons: Northrop, I'm, John Bean, AMC's Organizations: Northrop Grumman, John Bean Technologies, AMC, Technologies, Procore Technologies

☆ Evergrande, the massive Chinese real estate developer with $300 billion in debt, is ordered to liquidate by a Hong Kong court
▼ + stars: | 2024-01-29 | by ( Clare Jim | Xie Yu | ) www.businessinsider.com time to read: +3 min

A Hong Kong court on Monday ordered the liquidation of real-estate developer China Evergrande Group. Evergrande is the world's most indebted developer with more than $300 billion of total liabilities. AdvertisementA Hong Kong court on Monday ordered the liquidation of China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain the deepening crisis. Evergrande had been working on a $23 billion debt revamp plan with the ad hoc bondholder group for almost two years. Before Monday, at least three Chinese developers have been ordered by a Hong Kong court to liquidate since the current debt crisis unfolded in mid-2021.

Persons: —, Evergrande, Hui Ka Yan, Linda Chan Organizations: Monday, China Evergrande, Service, Hong, China Evergrande Group, Hong Kong High, Evergrande Locations: Hong Kong, Beijing, China

☆ Flying attack helicopters low on risky runs the way they do in Ukraine is far from easy, former Super Cobra pilot says
▼ + stars: | 2024-01-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

Read previewUkraine's attack helicopter pilots are flying low and fast, navigating a dangerous battlefield where almost anything in the air is at risk. Ukrainian Mi-8 helicopters attack Russian positions with the use of unguided rockets. And then, of course, there is the serious threat of Russian surface-to-air missiles and other weapons, to include Russian aircraft. AdvertisementThe General Staff of the Armed Forces of Ukraine showed footage of the combat operation of the Mi-24 attack helicopter. Part of the larger problem facing Ukrainian helicopter pilots is identifying where threats are coming from in combat environments.

Persons: —, lew mede, eli, Hunter, ely, NIEL, IHAILE, e, orde, ines, Sergey Organizations: Service, Business, US Marine Corps, aff, kr, unt Locations: Ukraine, ain, sion, gilan, it use

☆ Trump is turning to racism to mock Nikki Haley's Indian name. Experts say it could backfire.
▼ + stars: | 2024-01-22 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Donald Trump is reaching for racism against his political opponent — this time, against former South Carolina Gov. "I know President Trump well," Haley recently told CNN's Jake Tapper in response to Trump's insults. Among the nicknames Trump has reportedly brainstormed for DeSantis, one of the names he thought of for the Florida governor, according to a New York Times report, was "Meatball Ron." Name-calling can backfireSome political consultants have argued that Trump's name-calling is an effective campaign tactic. "Whatever effect we found was all focused on the actual attacker," Dusso told BI in an interview.

Persons: —, Donald Trump, Nikki Haley, Haley, Nimrata Nikki Randhawa, He's, Trump, CNN's Jake Tapper, Trump's, Steven Cheung, — Hussein, Kamala Harris's, Elaine Chao, Coco Chow, Chao, DeSantis, Ron, They're, Brad Bannon, Aaron Dusso, Dusso, Dusso's Organizations: Service, South Carolina Gov, Business, Republican Party, Trump, GOP, Florida, New York Times, Times, Democratic, Indiana University, Purdue University Indianapolis, Republican Locations: Iowa, South Carolina, New Hampshire, China, Florida, Italian American

BALTIMORE (AP) — Lamar Jackson threw two touchdown passes and ran for two scores, and the Baltimore Ravens pulled away in the second half for a 34-10 win over the Houston Texans on Saturday to advance to the AFC championship game. On one of his most productive rushing days of the season, Jackson helped the Ravens (14-4) take control in the third quarter after the teams entered the half tied at 10. Stroud had a solid, composed first half for Houston, the Texans (11-8) ultimately couldn't turn enough promising drives into points against an impressive Ravens defense. But on the first possession of the second half, Jackson guided Baltimore 55 yards in six plays and scored on a run up the middle. Ravens: Baltimore is one win away from its first Super Bowl appearance in 11 years.

Persons: — Lamar Jackson, Jackson, “, Steven Sims, Isaiah, Jackson’s, Sims ’, hasn’t, Justin Tucker, Houston, Ka’imi Fairbairn, Nelson Agholor, Sims, ___ Organizations: BALTIMORE, Baltimore Ravens, Houston Texans, AFC, Ravens, Baltimore, Texans, Colts, Oakland Raiders, Super, Buffalo and Kansas City, ” Ravens, Houston, Stroud, NFL, NEXT Texans, Cleveland, Bills, Chiefs Locations: C.J, Stroud, Houston, Baltimore, Buffalo and Kansas, Tennessee

ATLANTA (AP) — Donald Trump used his social media platform Friday to mock Nikki Haley 's birth name, the latest example of the former president keying on race and ethnicity to attack people of color, especially his political rivals. She has always gone by her middle name, “Nikki.” She took the surname “Haley” upon her marriage in 1996. Haley has dismissed Trump's latest attacks as proof that she threatens his bid for a third consecutive nomination. Trump has a long history of using race, ethnicity and immigrant heritage as a cudgel. He was born in Hawaii, though Trump spent years asserting Obama had manufactured the story and a birth certificate to support it.

Persons: — Donald Trump, Nikki Haley, Trump, Haley, ” Haley, Nikki Randhawa, “ Nikki, ”, “ Haley ”, Haley “ Nimbra, “, he's, —, Barack Obama, Trump's, “ I’ll, Ron DeSantis, — Haley, “ Ron DeSanctimonious ”, Ron DeSanctus, Darrell Scott, It’s, Scott, “ He’s, He’s, ” Scott, ” Tara Setmayer, Setmayer, South Carolina Sen, Tim Scott, Obama, Barack Hussein Obama, David Duke, ” Trump, Kamala Harris's, ” Harris, John Lewis, Frederick Trump, Florida Sen, Marco Rubio, Ali Swenson, Holly Ramer Organizations: ATLANTA, South, New, Trump, Republicans, GOP, Florida, America, Lincoln Project, Republican, Senate, Ku Klux Klan, CNN, Georgia Institute of Technology, U.S, South Carolina statehouse, Associated Press Locations: India, South Carolina, Bamberg , South Carolina, New Hampshire, Kenya, Iowa, gander, American, Hawaii, Indian, Georgia, Atlanta, U.S, Haiti, “, Africa, Norway, Bavarian, Washington, Amherst , New Hampshire

[1/4] The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG, Dec 4 (Reuters) - A court hearing into a liquidation petition filed against China Evergrande Group (3333.HK) was adjourned in a Hong Kong court to next month, allowing more time to finalise a debt restructuring proposal in a major relief for the embattled developer. On Oct. 29, when adjourning the hearing to Monday, Hong Kong High Court Justice Linda Chan had said the next hearing would be the last before a decision was made on liquidating Evergrande. Evergrande last week scrambled to put together a revised restructuring plan to avoid a possible liquidation order. The creditors were opposed to the latest restructuring plan and will seek liquidation if the terms do not change, said the advisor.

Persons: Aly, Jan, Linda Chan, Evergrande, Hui Ka Yan, Clare Jim, Sumeet Chatterjee, Kim Coghill, Christopher Cushing Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Hong, Hong Kong High, Moelis, Authorities, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG, Hong Kong, Evergrande, destabilised

☆ Evergrande’s Hong Kong court ruling is big reprieve
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Dec 4 (Reuters Breakingviews) - A Hong Kong court on Monday adjourned to next month a hearing over a petition for the liquidation of China Evergrande (3333.HK). It lobs the ball back to Beijing: the judge told Evergrande to hold direct discussion with “relevant authorities” on the revamped terms. Options are limited following the detention of the company’s Chair Hui Ka Yan in September on suspicion of unspecified crimes. It also defers a high-profile test on whether Hong Kong liquidation rulings over mainland companies would be implemented across the border more efficiently following the introduction of a limited mutual recognition pact in 2021. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Evergrande, Hui Ka Yan, Chan Ka, Neiman Marcus, Una Galani, Thomas Shum Organizations: Reuters, Hong, HK, X, Saks, Barclays, Thomson Locations: HONG KONG, Hong Kong, China, Beijing

☆ Russia is ramping up its use of long-range glide bombs because Ukraine keeps shooting down its helicopters, war analysts say
▼ + stars: | 2023-12-04 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

Russia has been ramping up its use of powerful glide bombs, according to war analysts. Ukraine's tough air defense "is reportedly incentivizing" Russia to rely on the weapons, ISW said. Ukraine's military has previously sounded the alarm over Russia's use of glide bombs. AdvertisementRussia has been beefing up its use of long-range glide bombs because of Ukraine's tough air defenses along the front lines of Moscow's grinding war with Kyiv, according to war analysts. Ukraine's military has sounded the alarm over Russia's use of glide bombs — bombs modified with glide kits that allow for launches from greater distances, reducing the launching aircraft's exposure to enemy air defenses.

Persons: ISW, —, Oleksandr Shtupun, Shtupun, Hans Petter Midttun, Oleksiy Organizations: Service, The, Centre of Defence, Razumkov Center Locations: Russia, Kyiv, Washington, DC, Russian, Zaporizhzhia, Ukraine, Ukrainian

HONG KONG (AP) — A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande’s plans for restructuring its more than $300 billion in debts and staving off liquidation. The company, the world’s most indebted property developer, ran into trouble when Chinese regulators cracked down on excessive borrowing in the real estate sector. The Hong Kong High Court has postponed the hearing over Evergrande’s potential liquidation several times. But others including Country Garden, China's largest real estate developer, have also run into trouble, their predicaments rippling through financial systems in and outside China. Police are investigating Zhongzhi Enterprise Group, a major shadow bank in China that has lent billions in yuan (dollars) to property developers, after it said it was insolvent with up to $64 billion in liabilities.

Persons: Hui Ka Yan, Linda Chan, Evergrande Organizations: Hong, Hong Kong High Court, Police, Zhongzhi Enterprise Group Locations: HONG KONG, Hong Kong, Beijing, China

They would also investigate the company's affairs and could refer any suspected misconduct by directors to Hong Kong prosecutors. Evergrande could appeal a liquidation order, but the liquidation process would proceed pending appeal. China Oceanwide Holdings (0715.HK) suspended its shares in September after a Bermuda Court issued a liquidation order. So far over 53 billion yuan ($7.2 billion) of Evergrande's assets have been seized or frozen across China, local media have reported, citing court records. ($1 = 7.3170 Chinese yuan renminbi)Reporting by Clare Jim in Hong Kong and Scott Murdoch in Sydney; Editing by Sumeet Chatterjee, Lincoln Feast and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: David Kirton, EVERGRANDE, Evergrande, Hui Ka Yan, Clare Jim, Scott Murdoch, Sumeet Chatterjee, Lincoln, William Mallard Organizations: China Evergrande, REUTERS, HK, China Oceanwide Holdings, Bermuda Court, Evergrande, Services, New Energy Vehicle Group, Thomson Locations: Shenzhen, Guangdong province, China, HONG KONG, Hong Kong, Guangzhou, Sydney

The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. The defaulted company has until a Hong Kong court hearing on Monday to present a "concrete" revised debt restructuring proposal for offshore creditors, a judge said last month after its original plan had lapsed. Guangzhou-based Evergrande, which defaulted on its offshore debt in late 2021, did not respond to a request for comment. Chinese authorities have announced a string of measures to revive the sector destabilised by the debt woes of giants like Evergrande and Country Garden (2007.HK). Reporting by Clare Jim and Xie Yu in Hong Kong, Scott Murdoch in Sydney; Editing by Sumeet Chatterjee and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Evergrande, Hui Ka Yan, Alvarez, Marsal, Clare Jim, Xie Yu, Scott Murdoch, Sumeet Chatterjee, William Mallard Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Hong Kong, Court, Reuters, Hong, Evergrande, Services, New Energy Vehicle Group, Marsal, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG, Hong Kong, China's, Guangzhou, Evergrande, Sydney

Owen Chow Ka-shing, one of the 47 pro-democracy activists charged with conspiracy to commit subversion under the national security law, arrives at West Kowloon Magistrates' Courts building, in Hong Kong, China November 29, 2021. On the first day of closing submissions, one of the handpicked national security judges, Andrew Chan, said a verdict would "tentatively" come in three to four months, with 10 days set aside for closing submissions. Beijing says the national security law brought stability to the city after monthslong pro-democracy protests in 2019. "Communication with the public is much easier, (it's) easy to manipulate those means in order to endanger national security," he added. Thirty-one of the 47 charged have pleaded guilty - which could qualify them for reduced sentences.

Persons: Owen Chow Ka, Lam, Andrew Chan, Hong, Jonathan Man, Man, Gwyneth Ho, Owen Chow, Gordon Ng, Leung Kwok, Helena Wong, Benny Tai, Joshua Wong, Gerry Doyle Organizations: REUTERS, Hong, Thomson Locations: Kowloon, Hong Kong, China, HONG KONG, United States, Beijing

☆ Foxconn is still running with difficult status quo
▼ + stars: | 2023-11-27 | by ( Chan Ka Sing | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 27 (Reuters Breakingviews) - Terry Gou is not running for Taiwan’s presidency after all. Nonetheless, the $45 billion Apple (AAPL.O) supplier’s continuing push to move production outside of China leaves it firmly on frontlines of rising cross-strait tensions. Foxconn grew into the biggest employer in China, with more than 1 million workers at its peak and a top contract manufacturer for global brands. Foxconn is out of the election spotlight but it still has to grapple with an awkward status quo. CONTEXT NEWSTerry Gou, the billionaire founder of electronics maker Foxconn, announced on Nov. 24 that he will be withdrawing from Taiwan’s presidential election next month.

Persons: Terry Gou, Critics, Foxconn, Una Galani, Thomas Shum Organizations: Reuters, Apple, Democratic Progressive Party, DPP, KMT, Hai Precision Industry, World Trade Organization, Reuters Graphics, China -, Foxconn, Taipei Times, Thomson Locations: HONG KONG, China, Washington, Beijing, Taiwan, Kuomintang, Taipei

☆ Iron ore gains on China’s property debt-rejig pain
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

A steel worker of ThyssenKrupp stands amid sparks of raw iron coming from a blast furnace at a ThyssenKrupp steel factory in Duisburg, western Germany, January 30, 2020. The benchmark December iron ore futures contract on the Singapore Exchange is up 10% this month at $133.45 a ton on hopes Beijing will kickstart the property sector. Anticipating spiking demand from the world’s second largest economy, Citi analysts on Tuesday upgraded their forecast iron ore price to $140 per ton. The optimism on iron ore could further grow if Beijing rolls out more structural reforms, such as the provision of social housing. China’s demand for steel in electric vehicles and green infrastructure has already kept average prices high despite the property slump.

Persons: Wolfgang Rattay, Chan Ka, Una Galani, Thomas Shum Organizations: REUTERS, Reuters, Singapore Exchange, Citi, Hong Kong, HK, X, Thomson Locations: ThyssenKrupp, Duisburg, Germany, HONG KONG, China, Beijing, HK, Rome

☆ Take a look at the military planes, helicopters, and missiles Russia put on display at the Dubai air show – if you knew where to find them
▼ + stars: | 2023-11-24 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Russia is banned from most of the world's major air shows, like the leading ones in Paris and Farnborough. But it showed off its military aircraft and a new missile at this month's Dubai Air Show. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Since its invasion of Ukraine began in February 2022, Russia has been banned from most air shows like the leading Paris and Farnborough ones. AdvertisementSo the Dubai Airshow gave Business Insider the rare chance to see some Russian military aircraft, missiles, and model spacecraft in person.

Persons: —, Rafael Organizations: Dubai Air, Service, Dubai Airshow, IAI, Farnborough Locations: Russia, Paris, Farnborough, Dubai, Ukraine

☆ Ukraine's new ATACMS shook Russia's attack helicopter fleet, but experts say Russian Ka-52 'Alligators' are still a threat to the front lines
▼ + stars: | 2023-11-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Ukraine's first ATACMS strike hit Russia's attack helicopter fleet, destroying several Ka-52 "Alligators." Experts and milbloggers suggest that the attack helicopters are still a threat to the front lines. AdvertisementUkraine's first strike using its MGM-140 Army Tactical Missile Systems, or ATACMS, dealt a harsh blow to the Russian attack helicopter fleet. AdvertisementRob Lee, a senior fellow at the Foreign Policy Research Institute think tank, backed up the assessment that the attack helicopters are very much in use. Russia's Ka-52 helicopters proved to be a headache for Ukrainian forces during the much-anticipated summer counteroffensive in southern Ukraine.

Persons: Ukraine's, —, Moscow's, milblogger, Tatarigami, Rob Lee, Sergey Pivovarov, Lee, Russia's Organizations: Service, MGM, Tactical Missile Systems, Tatarigami UA, Foreign Policy Research Institute, REUTERS, NATO Locations: Moscow, Ukrainian, Russia, Russia’s Rostov, FARPs, Ukraine, Russian, Kyiv, American

☆ Evergrande chairman's two luxury mansions seized by creditor - local media
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo/File Photo Acquire Licensing RightsHONG KONG, Nov 22 (Reuters) - Two luxury homes in Hong Kong owned by the chairman of embattled property developer China Evergrande Group (3333.HK), Hui Ka Yan, have been seized by a creditor, local media outlet HK01 reported on Wednesday. Hui owns the two luxury homes in The Peak, which were pledged to Orix Asia Capital Ltd in November 2021 for undisclosed amounts, according to the Land Registry. Another of Hui's homes next to the two mansions was seized by China Construction Bank (Asia) in November last year. ($1 = 7.7949 Hong Kong dollars)Reporting by Xie Yu; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Hui Ka Yan, Hui, Evergrande, Xie Yu, Sonali Paul Organizations: China Evergrande Group, REUTERS, China Evergrande, HK, Orix Asia Capital Ltd, Reuters, China Construction Bank, Thomson Locations: China, Shenzhen, Guangdong province, HONG KONG, Hong Kong, Asia

☆ The founder of Evergrande just lost 2 Hong Kong mansions collectively valued at $200 million to a creditor
▼ + stars: | 2023-11-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Two luxury mansions belonging to Hui Ka Yan, the founder and chairman of Evergrande, have been seized. The properties in Hong Kong's prestigious The Peak neighborhood are worth $192 million, per HK01. AdvertisementHui Ka Yan, the founder and chairman of Chinese property developer Evergrande, is having a really bad end to the year. They are located in The Peak, Hong Kong's prestigious neighborhood, Bloomberg reported on Wednesday, citing documents lodged with Hong Kong's Land Ministry. The houses — which are valued at 1.5 billion Hong Kong dollars, or $192 million — will be formally seized in days, local media outlet HK01 reported on Wednesday.

Persons: Hui Ka Yan, China's, Evergrande, —, Hui, Yan, Tan Haijun Organizations: Service, Hong, Bloomberg, Ministry, Orix Asia Capital, HK, China Construction Bank, Orix, Business Locations: Hong, Hong Kong, China, Orix Asia

☆ Real estate made China rich. Now it's looking more like kryptonite.
▼ + stars: | 2023-11-16 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

It’s a sign a key engine for the world’s second-largest economy is still sputtering, despite Beijing’s stimulus packages. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina's property crash worsened last month in a sign the world's second-largest economy is still facing headwinds despite recent government interventions. Evergrande serves as a case in point for how an industry that contributed to China's economic boom for decades has turned into a point of weakness. That's a sign investors are looking past US president Joe Biden's San Francisco summit with Chinese premier Xi Jinping and zeroing back in on China's economic struggles, according to analysts.

Persons: —, That's, that's, Evergrande, Hui Ka Yan, Joe Biden's, Xi Jinping, Hargreaves, Susannah Streeter, Joe Biden Organizations: Service, National Bureau, Statistics, Bloomberg, Cato Institute, CSI Locations: China, Beijing, Chinese, Joe Biden's San Francisco

☆ China’s property boost has to sway wary banks
▼ + stars: | 2023-11-15 | by ( Chan Ka Sing | ) www.reuters.com time to read: +4 min

That didn’t work because lenders balked at increasing their exposure to over-leveraged real estate groups. Xi needs to articulate a broader plan to restore banks’ confidence in the troubled property sector. Beijing’s problem is that the cash it doles out may not reach the intended targets because banks are reluctant to pass it on to property developers. Chinese banks heeded the strong signal coming from Beijing. Still, simply throwing money at reluctant banks won’t help heal the current real estate wounds.

Persons: Aly, homebuyers, Xi, shantytown redevelopments, ”, Francesco Guerrera, Thomas Shum Organizations: REUTERS, Reuters, People’s Bank of China, Authorities, Bloomberg, Financial Times, Reuters Graphics Reuters, Thomson Locations: Guangfuli, Shanghai, China, HONG KONG, Beijing, shantytown

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