Chinese blue-chip shares rose on Friday, led by consumer staples firms, while property indexes in mainland markets and Hong Kong slipped amid persistent investor concerns over a possible default by ... ( read original story ...)
China Mid-Tier Banks More Exposed to Property Sector Risks
Ratings-Hong Kong/Shanghai-24 September 2021: Fitch Ratings believes that changes in perceived levels of risk appetite relative to capitalisation will remain an important factor in our assessments of ... ( read original story ...)
Fitch cuts China’s 2021 GDP forecast to 8.1% on property slowdown
Amidst looming risks Evergrande, Fitch Ratings slashed China’s 2021 GDP forecasts from 8.4% to 8.1%. The US-based rating agency said that the GDP forecast downgrade was due to the impact of the ... ( read original story ...)
Shanghai market back from holiday with gains
Mainland Chinese stocks rose Wednesday as they reopened after an extended weekend, with traders welcoming news that troubled property developer ... ( read original story ...)
China stocks fall, Evergrande’s assurance lifts property stocks
Chinese stocks fell on Wednesday, led by by banking and consumer staples, while real estate shares jumped after developer China Evergrande assured to make bond interest payment. ( read original story ...)
Asian shares mostly extend losses on China property worries
Asian shares have mostly fallen, with Tokyo down 2.2%, as worries about heavily indebted Chinese real estate developers weigh on sentiment. Markets were closed in Taiwan, Shanghai and South Korea. In ... ( read original story ...)
Chinese property magnate loses $1 billion in Evergrande panic
The boss of a Shanghai-based property developer lost more than a billion dollars Monday, as fears over the potential collapse of Chinese real estate giant Evergrande sent panic across Hong Kong ... ( read original story ...)