Shanghai-based AIA Life acquired a 90 percent stake in Shanghai Shisen Real Estate and all of its debt, the report said, adding that Shisen has the rights to a plot of land on the North Bund in the ... ( read original story ...)
Two Chinese property developers to raise funds via discounted share sales
CIFI Holdings on Tuesday became the latest Chinese property developer to raise funds by selling new shares at discounted prices, while Agile Group announced its second such capital raising since ... ( read original story ...)
Waning trust: China shadow banks pivot away from property to survive
Chinese developers' debt-fuelled construction boom enriched the country's shadow banks, who were eager to capitalise on the needs of an industry desperate for credit and too risky for traditional ... ( read original story ...)
China property group Sunac unveils $9bn debt restructuring plan
Property developer Sunac China has unveiled plans to restructure more than $9 billion of its offshore debt as it tries to navigate out of the deep crisis engulfing the Chinese real estate sector. ( read original story ...)
Chinese property developers plan private placements after ban lifted
Chinese property developers including Shanghai-headquartered Shimao Group have announced they will sell shares through private placements after regulators scrapped a decade-old ban on such deals. The ... ( read original story ...)
Shanghai Protests, But Not Too Far
China’s middle class has rarely taken part in political activism over the past 30 years. They are now voicing their discontent – to a point. ( read original story ...)
China property stocks surge on fundraising support; COVID protests cloud demand
Chinese property developers' shares and bonds soared on Tuesday after regulators lifted a ban on equity refinancing for listed firms, the latest support measure for a cash-squeezed sector that has ... ( read original story ...)