The state-owned China Bond Insurance Company is expanding support to a dozen private developers by guaranteeing bonds worth RMB 20 billion ($2.7 billion), reports the South China Morning Pos... Read more
Debt-laden property developer China Evergrande Group said on Tuesday its unit received a notice of enforcement for unrecoverable funds from Shengjing Bank, reports Reuters. The bank said it... Read more
Auditors of at least 14 Hong Kong-listed Chinese property firms have exited this year, securities filings showed, raising governance concerns about the debt-ridden developers several of whom... Read more
China’s debt-saddled property sector has at least $292 billion of onshore and offshore borrowings coming due through the end of 2023, raising the specter of mounting payment pressure followi... Read more
Chinese billionaire Wu Yajun stepped down as chairman of the country’s 10th largest developer, as the country’s property crisis deepens and the government tightens control over the private s... Read more
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