China’s stock benchmark slid to its lowest in more than five months as a selloff in the nation’s property sector and concerns over a broadening omicron spread soured investor sentiment.
PROPERTY
China’s R&F Properties Hong Kong Arm Put in ‘Selective’ Default by S&P
Chinese developer Guangzhou R&F Properties, which has a number of super-sized projects in global cities such as London, saw its Hong Kong offshoot declared in “selective default” on Thursday after it …
China Stocks Slide to Two-Month Low on Property Rout, Virus Woes
Chinese stocks dropped Thursday as a selloff in property names and concerns over a broadening omicron spread soured investor sentiment.
China Banks Curb Property Loans to Local Government Firms
Several of China’s largest banks have become more selective about funding real estate projects by local government financing vehicles, concerned that some are taking on too much risk after they …
Sunac China Skids After Share Placement Plans
By Clarence Leong Sunac China Holdings Ltd. fell sharply Thursday as it sought to raise funds via a discounted share placement amid investor concerns …
Goldman Sachs raises China property HY 2022 default rate to 19%
Goldman Sachs said on Thursday it now expected almost a fifth of lower-rated Chinese property firms to default this year, although it could be almost a third in a more severe scenario. The U.S.
China commercial paper delinquencies surge as property developers struggle
The number of Chinese companies “consistently overdue” on commercial paper payments jumped 26% in December from a month earlier as a liquidity crunch hitting Chinese property developers reduced their …
China Property Firms Face Raft of Key Payments
Stephen Engle, Bloomberg’s Chief North Asia TV Correspondent, discusses the latest on China’s property sector with Bryan Curtis and Juliette Saly on Bloomberg Daybreak Asia.
China Property Firms Face Raft of Key Payments This Week
Investors are bracing for a fresh wave of volatility in China’s credit markets this week, as a barrage of payment deadlines loom for some of the property sector’s most distressed firms.
China’s Property Slump May Be Stabilizing. Why Economists Are Still Dour on GDP Outlook.
China’s strict Covid policies could continue to loom over its economy, so much so that Goldman Sachs lowered its 2022 economic growth outlook to 4.3% from 4.8%.
Continuing problems for China’s real estate sector
Last Thursday, the Shanghai Stock Exchange suspended trading in three renminbi-denominated bonds of the real estate developer Shimao after it had failed to make a payment.
‘Healthy’ Chinese Property Developers Affected by Raging Real Estate Crisis
Shimao Group, believed to be one of the healthiest developers in China amidst the country’s ongoing real estate crisis, has shocked investors by reportedly …
China’s Shimao Group in talks with buyers, may consider sale of some properties
China’s Shimao Group Holdings said on Tuesday it was in talks with potential parties and may consider selling some properties to reduce its debt, a day after reports said it had put all of its…
