Enterprise Holdings filed for Chapter 15 bankruptcy in New York on Monday in a bid to prevent creditors from seizing its assets while it undergoes a restructuring in the Cayman Islands. ( read original story ...)
China after the property boom: can it rebuild the growth model?
Xi Jinping can revive the economy by encouraging more consumer spending, but would lose some political control ... ( read original story ...)
Shanghai Bags Record USD14.6 Billion in This Year’s Third Land Auction
The premium was somewhat lower than in the second land auction in July at 4.5 percent. Bidding was particularly fierce for a parcel of land in Huacao town, western Minhang district, close to the ... ( read original story ...)
Chinese property stocks watched as banks urged to offer funding
SHANGHAI: Chinese developer stocks and bonds rallied after a report that the nation’s financial regulators told the biggest state-owned banks to provide financing worth at least US$85bil (RM395bil) to ... ( read original story ...)
China reduces mortgage rates to boost home sales in hard-hit cities as Beijing seeks to prop up property market
The central bank gives local governments the green light to woo first-time homebuyers in what analysts see as a sign of support for the bruised property sector ahead of the country’s party congress. ( read original story ...)
China factory activity struggles on Covid-19 curbs, property woes
BEIJING - China's factory activity continued to struggle in September, while services slowed, as the country's economic recovery was challenged by lockdowns in major cities and an ongoing property ... ( read original story ...)
China property shares, bonds slump as CIFI default report adds to sector woes
Investors dumped shares and bonds of Chinese property developers on Wednesday, after a media report that CIFI Holdings (Group) Co had defaulted added to worries over the crisis-stricken real estate ... ( read original story ...)