Savills Shanghai announced in a statement their involvement as the buyer’s agent in the offshore turn-key transaction of Hopson International Tower in Shanghai, China, for 2.38 billion yuan (300 million US dollars).

China’s series of macro controls to tighten control over the real estate market does not seem to be reducing the amount of real estate development loans. The Economic Information Daily investigated why.

Tightened macro controls over the residential property market have dimmed prospects in this field and this has led to new targets for foreign investment. Economic Information Daily investigated how retail outlets in Beijing have become the preferred investment vehicles.

In November 2006 China will fully open its banking sector to foreign institutions. The China Economic Journal discussed how Chinese banks will take on the challenges posed by this momentous change.

HSBC plans rapid expansion in the Mainland by establishing an extensive national network and cultivating strategic partnerships, China Business News reported.