Cifi Holdings’ first offshore bond default sparks fears that the debt crisis gripping China’s property sector is spreading to developers previously deemed financially sound. ( read original story ...)
China’s CIFI misses offshore interest payments due to remittance delay
Shanghai-based property developer CIFI Holdings said in a Thursday filing it did not meet certain offshore scheduled interest and amortisation payments due to delay in remittance during an extended ... ( read original story ...)
After COVID lockdown, eyes on Shanghai chief at party congress
Once seen as a sure bet for elevation to China's elite Politburo Standing Committee or even as the country's next premier, Li Qiang's glide path to the upcoming Communist Party Congress was buffeted ... ( read original story ...)
China’s home prices likely to keep dropping as investors lose confidence in economy, central bank survey finds
"People are less confident in buying homes, and many potential buyers are taking a wait-and-see attitude," said You Liangzhou, who owns Baonuo, a property agency in Shanghai. "Developers and ... ( read original story ...)
Chinese property agent E-House files for US Chapter 15 protection to implement debt workout after bond defaults
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 ...)