Creditors ofChina Fortune Land Developmenthave agreed to extend the payment deadline on RMB 17.8 billion ($2.7 billion) in debt after the property developer defaulted earlier this year, repo... Read more
China’s central bank has asked lenders to rein in credit supply, as the surge of lending that sustained the country’s debt-fueled coronavirus recovery renewed concerns about asset bubbles an... Read more
China Evergrande Group on Monday said it will sell 10% of its online real estate and automobile marketplace, Fangchebao (FCB), to 17 investors for HK$16.35 billion ($2.10 billion), in a fund... Read more
Three central government ministries jointly launched a sweeping clampdown on illicit borrowing for property speculation, expanding efforts made by several local regulators to contain risks i... Read more
Troubled property developer China Fortune Land Developmentagain defaulted on billions of RMB in debt as it struggled to scrape together enough cash to meet its commitments amid a tighte... Read more
