US-listed Beike Zhaofang has been laying off staff as a downturn in China’s property industry dents its income from sales commission fees. ( read original story ...)
China Evergrande secures bond extension as property sector turmoil deepens
China Evergrande Group has secured more time to pay a defaulted bond, financial provider REDD reported on Thursday, offering rare respite to the developer even as a debt crisis in the broader property ... ( read original story ...)
Chinese property firm Kaisa slumps after rival dumps bonds
Chinese property firm Kaisa Group saw its bonds slump heavily on Thursday as worries about its fate were fanned when a local rival dumped nearly $30 million worth of its bonds. Kaisa was the first ... ( read original story ...)
What lies beneath? Hidden debt fears feed China’s property woes
Since Beijing started clamping down on corporate debt in 2017, many real estate developers have turned to off-balance-sheet vehicles to borrow money and skirt regulatory scrutiny, analysts and lawyers ... ( read original story ...)
China stocks rise as property and coal shares boost; HK down
China stocks rose on Thursday as property and coal shares rebounded, after assurances from officials eased worries over the real estate sector. ( read original story ...)
Fitch Places 29 China Property Developers on UCO After Criteria Update
Fitch Ratings has placed 29 Chinese property developers Under Criteria Observation (UCO) following the conversion of the agency's Exposure Draft: Sector Navigators - Addendum to the Corporate Rating ... ( read original story ...)
Analysis: What lies beneath? Hidden debt fears feed China’s property woes
Since Beijing started clamping down on corporate debt in 2017, many real estate developers have turned to off-balance-sheet vehicles to borrow money and skirt regulatory scrutiny, analysts and lawyers ... ( read original story ...)