Beijing’s pressure on the real-estate sector is being widely felt, raising questions about how much economic pain China’s leaders are willing to stomach as they rein in yet another industry. ( read original story ...)
Fitch Affirms Yuexiu Property at ‘BBB-‘; Outlook Stable
Fitch Ratings has affirmed China-based homebuilder Yuexiu Property Company Limited's (YXP) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable. Fitch has also ... ( read original story ...)
Chinese property giant Evergrande warns it could default on debt
The company's debt crisis, which has already brought angry investors to its doorstep in protest, could ripple through China's banking system. ( read original story ...)
Chinese property giant Evergrande warns again that it could default on its enormous debts
Evergrande is once again warning that it could default on its huge debts as it struggles to cut costs or find anyone to buy some of its assets. The embattled Chinese property giant has already warned ... ( read original story ...)
China shares fall as Evergrande woes weigh on property, financials
Chinese shares closed lower on Monday, dragged by real estate and financials after the country's most-indebted developer warned of a risk of a cross-default. ( read original story ...)
Blackstone moves out of China property deal
Blackstone has abandoned a second attempt to take Hong Kong-listed mainland property developer Soho China (0410.HK) private, per a Reuters report. The companies said that the preconditions for sealing ... ( read original story ...)
Blackstone drops $3 billion bid for Chinese property developer
Private equity firm Blackstone Group is abandoning its $3 billion bid for a controlling stake in Soho China, one of the country's largest real estate developers. In a regulatory filing Friday, ... ( read original story ...)