Unfinished apartment buildings at the Phoenix City residential project, developed by Country Garden Holdings Co, in Shanghai. Almost exactly a year after China’s property-market debt squeeze sparked ... ( read original story ...)
China Orient Asset Management gets approval to issue bonds to resolve risks in property sector
SHANGHAI (Reuters) – China Orient Asset Management said on Friday it was approved to issue up to 10 billion yuan bonds in China’s interbank bond market to resolve risks in the property sector. ( read original story ...)
Evergrande crisis: auditor resignations trigger alarm bells amid hidden debt at Chinese property developers
Shimao Group's mainland unit will change its auditor, Shanghai Certified Public Accountant, for the first time in 27 years on January 24. The changes are a red flag for investors who have been putting ... ( read original story ...)
Shimao plans to extend $947 mln trust loan payments by two years -sources
SHANGHAI, Feb 16 (Reuters) - Chinese property developer Shimao Group (0813.HK) plans to extend payments of a trust loan worth 6 billion yuan ($947 million) by two years, it told an online meeting with ... ( read original story ...)
China’s local governments, hit by property market slowdown, court foreign investment to steady growth
Shanghai on Friday announced it had signed off on 53 foreign ... including construction and residential property development, and around 25 per cent if taking into account upstream and downstream ... ( read original story ...)
China developers’ bonds extend slide on repayment concerns
Bonds of Chinese property developers continued to fall on Tuesday, underscoring investor worries in the beleaguered sector following weak sales data and fresh rating downgrades. SHANGHAI, Feb 15 ... ( read original story ...)
China property developers shares up on reports they may have more access to funds
FILE PHOTO: The logo of property developer Shimao Group is seen on the facade of Shimao International Plaza in Shanghai, China January 13, 2022. REUTERS/Aly Song HONG KONG (Reuters) -Goldman Sachs ... ( read original story ...)