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 ...)
China’s Shanghai Composite set to close at highest in six years
SHANGHAI: Chinese stocks briefly surpassed a February peak, as a phone call between U.S. and Chinese leaders added to investor optimism that’s also been bolstered by hopes on steps to boost economic ... ( read original story ...)
Evergrande liquidity crisis: why the property developer faces risk of default
Investors are confronting the growing possibility that Evergrande will default, a debacle that could cascade across global markets and has exposed the perilous state of China’s vast property sector. ( read original story ...)
China Logistics Property’s Rating Intact Amid Shareholder Change
The plan by the largest shareholder in (CNLP, B-/Stable) to sell its entire stake will not have any immediate rating impact on the warehouse developer, Fitch Ratings says. CNLP’s largest shareholder, ... ( read original story ...)
Evergrande liquidity crisis: why the property developer faces mounting default risk
Investors are confronting the growing possibility that Evergrande will default, a debacle that could cascade across global markets and has exposed the perilous state of China’s vast property sector. ( read original story ...)
Evergrande jitters spread through China property bond market
Bond yields at some of China’s biggest real estate companies are rising in a sign that fears over debt problems at leading developer Evergrande are spreading more widely through the sector. The bonds ... ( read original story ...)
Parkson pulls out of property development JV in China due to absence of suitable land
Parkson Holdings Bhd said its Hong Kong-listed subsidiary Parkson Retail Group Ltd (PRGL) is withdrawing from its proposed joint venture (JV) to seek land plots in China's Jiaxing city for potential ... ( read original story ...)