Property News · April 8, 2017

Xiongan landowners lead market swoon over China’s dream city


More than 40 Shanghai, Shenzhen and Hong Kong-listed companies have surged in the past three days, riding the wave of euphoria created by President Xi Jinping’s ambitious plan to build Xiongan New Area (雄安新區) – billed by many as the next Shenzhen.
Amid the frenzy, however, analysts have warned that some companies’ exposure to the new area is not as large as the more optimistic investors seem to think. Indeed, the first wave of the rally may have…

Source : South China Morning Post
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