Yango Group needed only a few words to sum up the crisis facing China’s ailing property developers: “falling off a cliff.” …
PROPERTY
China Banks Plan Yuan Bonds for Property M&A: Evergrande Update
(Bloomberg) –Industrial Bank, China Guangfa Bank and Ping An Bank plan to sell a total of 20 billion yuan ($3.2 billion) of bonds to fund loans for mergers and acquisitions in the property industry, …
HSBC Takes $450 Million Hit on China Property, Plans Buyback
The London-based bank will initiate a share buyback of as much as $1 billion, on top of an earlier $2 billion program.
China Broadens Real Estate Lending Support to Bigger Cities
(Bloomberg) — China’s efforts to prop up the beleaguered real-estate market are expanding to some of the country’s largest cities, with authorities moving to stem the economic damage from the …
HSBC’s Profit Surges, but Bank Takes Hit From China Property
HSBC Holdings PLC reported its highest annual net profit since 2018 and said rising interest rates were likely to boost future returns, even as the banking giant took a charge against potential …
China’s new home prices perk up as big city demand returns
BEIJING (Reuters) -China’s new home prices rose for the first time since September on a monthly basis, official data for January showed on Monday, as efforts to soften the blow from tough regulatory …
Insight – Crisis in China’s property industry deepens
ALMOST a year after China’s property-market debt squeeze sparked the first in a wave of defaults by developers, the industry is fighting for survival. Home sales continue to plunge and elevated …
Crisis in China property industry deepens with no end in sight
Almost exactly a year after China’s property-market debt squeeze sparked the first in a wave of defaults by developers, the industry is fighting for survival. Almost exactly a year after China’s …
Crisis in China’s Property Industry Deepens With No End in Sight
Almost exactly a year after China’s property-market debt squeeze sparked the first in a wave of defaults by developers, the industry is fighting for survival. Home sales continue to plunge and …
Don’t see China property crash, Standard Chartered CEO says
Standard Chartered CEO Bill Winters discusses the British bank’s dividend and share buyback, outlook for the Chinese property sector, and recent share price performance on Squawk Box.
Mansion Global’s daily round-up of the latest luxury real estate news from around the world
The National China’s Hottest Market Has Caught a Bit of a Chill Shenzhen, China’s Silicon Valley and perennial favorite for hottest real estate market in the nation, is feeling a bit frosty these days …
Evergrande crisis: auditor resignations trigger alarm bells amid hidden debt at Chinese property developers
while Deloitte departed from China Aoyuan Chinese companies are due to report their December year-end results in April, and changes may cause delays A spate of auditor resignations at Chinese property …
China’s Property Woes Engulf London with Stalled Projects, Sales
In London’s Royal Albert Dock, almost two dozen buildings conceived of as a new Chinese Canary Wharf stand mostly empty and in the hands of lenders who have finally pulled the plug. About 10 miles…
