Chinese Property Developers Saw Revenue Hit By RMB Devaluation

Hong Kong-listed Chinese property developers including Shui On Land Ltd., Country Garden Holdings and R&F Properties have seen their financial results hit by the devaluation of the RMB. Despite core earnings jumping 438% in 2015 to RMB2.4 billion, Shui On Land reported that earnings dropped RMB718 million to RMB1.77 billion last year and profits attributable […]

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Read the original article: China Money Network