The Federal Reserve warned on Monday that stresses in the Chinese real estate sector “posed some risk to the US financial system”, pointing to heavily indebted property companies like Evergrande as a …
PROPERTY
China’s Economy Faces Risk of Yearslong Real-Estate Hangover
China’s aggressive campaign to root out speculative real-estate activity could slow the country’s growth rate for years to come, economists say, even if a major housing correction is averted.
Chinese Junk Bond Yields Top 25% as Property-Market Strains Intensify
The surging bond yields, which imply very high default risks, are adding to Chinese property developers’ problems as they face slowing home sales and regulatory curbs on borrowing.
Cracks widen in China high yield bonds
Asia’s high yield bond market is continuing its rollercoaster ride, with yields widening substantially in recent days as pressure builds on the Chinese real estate market. But some are trying to take …
Not only property crisis, but China also has another trouble brewing
Lottery sales declined by almost 13% from a year earlier to 31.2 billion yuan ($4.9 billion) in September …
Market Focus Moves to Stronger Property Firms: Evergrande Update
Investor concerns over China Evergrande Group’s debt are shifting to the country’s stronger property companies as a selloff across the industry’s dollar bonds hits higher-quality borrowers.
Kaisa, Units Trading Suspended as China Property Debt Crisis Routs Developers’ Shares
Kaisa Group Holdings Ltd and three of its units had their shares suspended from trading on Friday, a day after an affiliate missed a payment to onshore investors as China’s snowballing property debt …
Real Estate
A story from the SupChina A.M. newsletter. Sign up for free here. The Chinese developer Modern Land said today that it had missed all payments on a $250 million bond, highlighting continuing strain in …
How China’s US$8-trillion real estate debt could impact us all
China has a culture of real estate investment. The real estate sector makes up 29 per cent of the country’s gross domestic product (GDP) or approximately US$4.2 trillion. Every year the country begins …
China property shares sink as new firm struggles
Evergrande may not be the only big Chinese property developer in trouble. Shares in rival Kaisa Group and three of its units were suspended on Friday (November 5). The move came a day after an…
Explained: Why China’s property crash isn’t a Lehman Brothers moment
Chinese property developers’ debts appear big enough to crash the whole economy. But several factors could limit the real estate downturn and the threat of global financial contagion.
Hong Kong markets watchdog says sees no systemic risk to city from China property turmoil
Hong Kong’s Securities and Futures Commission has looked very closely at financial institutions in the city’s exposure to China’s troubled property sector and has not seen any systemic risks for the …
China property fears grow as Kaisa misses payment
Fresh concerns have been raised about China’s property sector as Kaisa Group has become the latest developer to miss a payment to investors.Kaisa said it was facing unprecedented pressure on its …
