As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent ... ( read original story ...)
Chinese Property-Management Sector’s Consolidation to Accelerate
The Chinese property-management (PM) sector’s consolidation will pick up in the next few years as homebuilders are expanding their market share quickly via M&A after the IPOs of their PM units in the ... ( read original story ...)
China shares end lower as materials weigh; property sector down
Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.31%, while Japan's Nikkei index closed up 2.06%. ( read original story ...)
China blue chip shares rise on consumer boost; property sector slips
Chinese blue-chip shares rose on Friday, led by consumer staples firms, while property indexes in mainland markets and Hong Kong slipped amid persistent investor concerns over a possible default by ... ( read original story ...)
China Mid-Tier Banks More Exposed to Property Sector Risks
Ratings-Hong Kong/Shanghai-24 September 2021: Fitch Ratings believes that changes in perceived levels of risk appetite relative to capitalisation will remain an important factor in our assessments of ... ( read original story ...)
Fitch cuts China’s 2021 GDP forecast to 8.1% on property slowdown
Amidst looming risks Evergrande, Fitch Ratings slashed China’s 2021 GDP forecasts from 8.4% to 8.1%. The US-based rating agency said that the GDP forecast downgrade was due to the impact of the ... ( read original story ...)
Shanghai market back from holiday with gains
Mainland Chinese stocks rose Wednesday as they reopened after an extended weekend, with traders welcoming news that troubled property developer ... ( read original story ...)