Concerns are growing over potential multi-million dollar debt defaults by two of China’s biggest property companies.Investors are waiting for news about tens of millions of dollars of overdue interest …
PROPERTY
Kaisa Group share suspension furthers China property sector fears
Kaisa, China’s 27th-largest real estate firm in terms of sales but one of its most indebted, became the latest company to spook investors when it anno..
Trading halt for China developer Kaisa stokes fresh jitters in property sector
Suspension comes amid concerns Kaisa, China’s largest holder of offshore debt after Evergrande, is unlikely to meet a $400m repayment deadline …
Experts welcome China’s property tax reform plan
A top-level decision to authorise the State Council, China’s Cabinet, to pilot property tax reforms in several regions will finally end long-standing speculation about the levy, according to experts.
China’s government is trying to bring some confidence back to the property market, says HSBC
The bank’s Herald van der Linde says some of the larger Chinese property companies that have been dragged down by the crisis “will get through this” and “will be around in two years’ time.” …
Kaisa share suspension furthers China property sector fears
Chinese property firm Kaisa suspended share trading in Hong Kong on Wednesday as questions swirl over its ability to make repayments and contagion spreads …
China’s property crisis worsens as Evergrande, Kaisa default on payments
Non-payment by Kaisa would push the 6.5% bond of Kaisa, China’s largest holder of offshore debt among developers after Evergrande, into technical default, triggering cross defaults on its offshore …
China shifts toward easing with property downturn hitting growth
BEIJING: China’s policymakers moved to expand support for the nation’s economy as a property market downturn threatens to hamper growth into next year.
A new turn in China’s Evergrande crisis
A restructuring process has begun after the debt-ridden property developer announced it feared it could not meet a $260 million financial obligation.
Asia markets up but fears over Chinese real estate linger
Asian stocks opened higher on Wednesday, extending a Wall Street rally, but fears lingered over China’s debt-hobbled property sector.
Insight – China Evergrande teeters again, but investors are less fearful
JUST three months after narrowly avoiding collapse, the world’s most indebted developer China Evergrande Group is teetering on the brink again and investors are still unclear how much or for how long …
These three shocks explain the new phase of China’s Evergrande crisis
Nikko Asset Management’s Rob Mann believes China is serious about its property sector crackdown as it seeks to restructure its economy for the long haul.
China’s Sluggish M&A Market Will Likely Stay Slow in 2022
Recent expansionary policies are unlikely to fix the mergers and acquisitions market in China, according to a Natixis report.