China’s securities regulator said it will allow property developers to sell shares to raise funds, lifting a years long ban on equity refinancing as Beijing steps up support for the embattle... Read more
China Evergrande Group said on Monday its unit has entered into a deal to sell a piece of commercial land in Shenzhen for RMB 7.54 billion ($1.05 billion), as the embattled propert... Read more
Major Chinese developer Country Garden has signed a contract with the Postal Savings Bank of China for a credit line of up to RMB 50 billion ($7.0 billion), reports Reuters. The credit line... Read more
China’s state-owned banks have launched a concerted effort to strengthen the finances of the country’s struggling property developers, with more than RMB 220 billion ($30.7 billion... Read more
A unit of China Evergrande Group has returned 11 plots of state land back to city authorities in central China after allowing them to lie fallow, in a sign of a festering cash crunch for the... Read more
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