{"id":45200,"date":"2017-02-23T08:30:45","date_gmt":"2017-02-23T01:30:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-landmark-ruling-vancouver-homebuyer-is-ordered-to-repay-millions-to-chinas-citic-bank\/"},"modified":"2017-02-23T08:32:52","modified_gmt":"2017-02-23T01:32:52","slug":"in-landmark-ruling-vancouver-homebuyer-is-ordered-to-repay-millions-to-chinas-citic-bank","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-landmark-ruling-vancouver-homebuyer-is-ordered-to-repay-millions-to-chinas-citic-bank\/","title":{"rendered":"In landmark ruling, Vancouver homebuyer is ordered to repay millions to China\u2019s Citic Bank"},"content":{"rendered":"<p>&#013;<br \/>\nChina\u2019s Citic Bank has won a landmark judgment in a Canadian court, which ordered a mainland national to repay the bank RMB50 million (US$7.3 million), plus interest, that the bank says was spent in part on real estate in Vancouver.<\/p>\n<p>But the plaintiff, Yan Shibiao, could still profit even if he complies with the judgment, since the interest component of the ruling could be exceeded by the increased value of his property in Vancouver, where prices have soared in recent years.<\/p>\n<p>Yan, a&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : South China Morning Post&#013;<br \/>\nRead more&#8230;<a href=\"http:\/\/www.scmp.com\/news\/world\/united-states-canada\/article\/2073272\/landmark-ruling-vancouver-homebuyer-ordered-repay\" target=\"_blank\">In landmark ruling, Vancouver homebuyer is ordered to repay millions to China\u2019s Citic Bank<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; China\u2019s Citic Bank has won a landmark judgment in a Canadian court, which ordered a&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-45200","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-bL2","jetpack-related-posts":[{"id":8416,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-overseas-land-aims-to-close-citic-deal-in-six-months\/","url_meta":{"origin":45200,"position":0},"title":"China Overseas Land aims to close Citic deal in six months","date":"March 18, 2016","format":false,"excerpt":"\r Property giant China Overseas Land & Investment said it aims to complete the acquisition of assets from Citic, China\u2019s largest state-backed conglomerate, in less than six months as it reported net profit increased 22.5 per cent last year.\r \r Source : South China Morning Post\r Read more...China Overseas Land\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7870,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-conglomerate-citic-swaps-residential-properties-for-china-overseas-shares-and-commerical-projects\/","url_meta":{"origin":45200,"position":1},"title":"Chinese conglomerate Citic swaps residential properties for China Overseas\u2019 shares and commerical projects","date":"March 14, 2016","format":false,"excerpt":"\r Citic, China\u2019s largest state-backed conglomerate, will sell around 31 billion yuan worth of mainland residential property projects to China Overseas Land & Investment in exchange for a 10 per stake in the property giant and 6.15 billion yuan of the latter\u2019s commercial\r \r Source : South China Morning Post\r\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43329,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citic-buys-wuhan-land-for-9-92-billion-yuan\/","url_meta":{"origin":45200,"position":2},"title":"Citic buys Wuhan land for 9.92 billion yuan","date":"February 8, 2017","format":false,"excerpt":"\r Citic Pacific China, the property unit of the country\u2019s largest state-owned conglomerate, has paid 9.92 billion yuan (HK$11.18 billion) to buy a piece of land in the Hubei provincial capital of Wuhan, returning to building apartments, a year after disposing of its residential property portfolio to a rival. Citic\u2019s\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-state-backed-private-equity-starts-a-fund-to-buy-out-distressed-debt-take-advantage-of-nations-deleveraging-campaign\/","url_meta":{"origin":45200,"position":3},"title":"China\u2019s state-backed private equity starts a fund to buy out distressed debt, take advantage of nation\u2019s deleveraging campaign","date":"May 9, 2019","format":false,"excerpt":"\r Citic Capital, one of the largest private equity firms backed by the Chinese state, is raising US$500 million for its first buyout fund for distressed assets in China, placing a bet on the opportunities available in the country\u2019s campaign to shed debt.\u201cThere are lots of good real estate projects\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":154684,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-real-estate-mag-group-and-citic-limited-sign-6bn-deal\/","url_meta":{"origin":45200,"position":4},"title":"Dubai real estate: MAG Group and CITIC Limited sign $6bn deal","date":"May 28, 2025","format":false,"excerpt":"\r The development will span 18.47 million square feet and represents CITIC Limited's first entry into Dubai's real estate sector\r \r Source : arabianbusiness.com\r Read more...Dubai real estate: MAG Group and CITIC Limited sign bn deal","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/05\/MAG-Group-Partners-with-CITIC-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":37930,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/citic-capital-to-accelerate-uk-us-and-japan-property-investment-despite-capital-flight-curbs\/","url_meta":{"origin":45200,"position":5},"title":"Citic Capital to accelerate UK, US and Japan property investment, despite capital flight curbs","date":"December 13, 2016","format":false,"excerpt":"\r Citic Capital, the Chinese state-owned asset management firm, is looking to accelerate its overseas investment in Britain, the United States and Japan to meet growing demand from clients, despite China stepping up its efforts at tightening capital outflows. \u201cChinese investors needing to put capital overseas for diversification, will continue\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45200"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=45200"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/45200\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=45200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=45200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=45200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}