Chinese Mainland Eye HK For Liquidity

More real estate firms from the Chinese mainland are planning to list their property management businesses in Hong Kong this year to ease financial strains. Since the start of this year, three property management enterprises have been successfully listed on the Hong Kong stock exchange, raising 2.5 billion Hong Kong dollars (about 322.6 million U.S. dollars) in total. Eighteen more real estate companies from the mainland have plans to split their property management businesses and have them listed in Hong Kong. The property management sector has come under the spotlight thanks to its steady cash flow and asset-light and counter-cyclical advantages as pressure facing real estate firms keeps mounting.