Beware Chinese property stocks that have turned into penny shares, since their trading price could force a disastrous delisting. ( read original story ...)
Delisting threat cranks up pressure on ravaged Chinese property firms
Some distressed developers could be kicked off stock exchanges, complicating restructurings, as investors ‘give up’ on the sector ... ( read original story ...)
China property liquidation risk heightened by delisting threat, says S&P
Some of China's distressed property developers face the risk of being delisted, which would reduce their options for restructuring and make them more vulnerable to liquidation, S&P Global Ratings said ... ( read original story ...)
PBOC Cuts Deposit Rates, Reserve Requirement Cuts Likely In 2nd Half
Asian equities were broadly higher overnight, though South Korea was closed for the Memorial Day holiday. Hong Kong and Mainland China gave back mid-morning gains ... ( read original story ...)
Evergrande Property Services works to ensure working capital until mid-2024
The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021. REUTERS/Aly Song ... ( read original story ...)
Chinese universities raise tuition fees by as much as 54%
Chinese universities are drastically increasing tuition fees this year, with some making their first rises in two decades, hurt by a reduced national budget for tertiary education and tight local ... ( read original story ...)
China’s faltering outlook for growth
Dimon, who spoke at a Shanghai banking conference on Wednesday ... A big part of the drag emanates from a weak property market and the related distress of thousands of local government financing ... ( read original story ...)