Shimao Group shares fell sharply after a Chinese state-run bank filed a liquidation petition against the heavily indebted developer, adding uncertainty to a proposed restructuring of offshore debt. ( read original story ...)
Shimao Group faces winding-up petition from China Construction Bank, signalling developer is in ‘serious debt trouble’
Troubled property developer Shimao Group Holdings is facing a liquidation suit brought by China Construction Bank, the country’s second-largest lender, for a financial obligation amounting to around ... ( read original story ...)
Banking bottleneck causing six-month delays for Russia-China payments: sources
AS THE threat of secondary sanctions deters Chinese banks from facilitating trade with Russia, companies are flocking to the one Russian ... ( read original story ...)
Chinese State Bank Asks Court to Liquidate Developer Shimao
Defaulted Chinese developer Shimao Group Holdings Ltd. is facing a demand to liquidate from creditor China Construction Bank (Asia) Corp., one of the most prominent examples yet of a state-backed bank ... ( read original story ...)
Mind the gap: Woman gets trapped in Shanghai travelator after stepping on missing floor plate
A grocery run went awry for one woman in China after she found her lower body trapped in a malfunctioning travelator. The incident occurred at a supermarket in Shanghai on April 4 at about 4.30pm, ... ( read original story ...)
Trip.com Group launches free Shanghai city tours for transit travellers
Travellers transiting at Shanghai Pudong International Airport (PVG) for more than eight hours will be able to participate in free layover city tours offered by Trip.com Group from April 15. ( read original story ...)
Property expected to see sound spring recovery, experts say
A property market recovery is likely to emerge in many cities in early spring, thanks to the central government's resolve to keep the market healthy and stable, coupled with heightened expectations of ... ( read original story ...)