China's post-pandemic recovery is sending a clear and urgent message to the nation's fallen property tycoons: shape up, reorganise and get on with working out their debt. The rush is on. China ...
Chinese property developer Kaisa forecasts loss of up to about $2 billion
Embattled Chinese property developer Kaisa Group Holdings on Friday forecast a net loss of 12 billion yuan to 14 billion yuan ($2.04 billion) for fiscal 2022, as delivery delays hurt its sales.The ...
Evergrande’s China unit failed to pay interest on certain bonds by March 23
BEIJING, March 24 (Reuters) - Evergrande Real Estate Group Co Ltd, a unit of China Evergrande Group, said it failed to pay interest on 4 billion yuan ($586.6 million) bonds due by March 23. The firm ...
China CITIC Bank sees improved market confidence
China still adheres to the principle that "housing is for living in, not for speculation" while continuing to support a healthy development of the real estate sector, said Hu Gang, vice-president and ...
In Depth: China’s Patchy Property Revival
China’s financial authorities are hailing a rebound in the housing market after data from February showed an uptick in sales and bottoming out of months of declining prices. With the property sector ...
China Adds Malls to REIT Trial in Bid to Boost Consumption
China expanded a public real estate investment trust pilot program to include more types of commercial properties, a move aimed at supporting the nation’s consumers that is likely to also help out ...
Shanghai targets 5% growth in property investment in 2023
BEIJING (Reuters) - China's financial hub Shanghai has a goal of 5% growth in property investment in 2023, the city's house management bureau said on Friday, after investment in the city's property ...
Evergrande restructuring is a warning to China’s other creditors
China Evergrande has finally laid out a debt-restructuring plan for its offshore creditors. The pain for its long-suffering debt investors, however, isn’t over yet. That also gives a warning to owners ...
Why China’s COVID Comeback Is Still In The Early Innings, With Upside Ahead
given that the finances of so many local entities are already stressed from the burdens of financing years of COVID containment amid declining revenues from property sales. Further, China’s fabled ...
Evergrande debt revamp plan fails to cheer investors, property stocks fall
China Evergrande Group's debt restructuring proposal, a test of investor sentiment towards the battered property sector, failed to impress because of its long repayment period and lack of enough ...
China property stocks fall after Evergrande debt revamp plan
HONG KONG, March 23 (Reuters) - China Evergrande Group's (3333.HK) long-awaited offshore debt restructuring proposals failed to address investor concerns about the property sector's prospects, sending ...
China Evergrande’s EV unit warns it may halt production amid funds shortage
The EV unit is key for the transformation plans of Evergrande, once China's top-selling property developer and now at the center of a deepening debt crisis. Shares of the unit have been suspended ...
China Evergrande offers bond and equity swaps in debt restructuring
China Evergrande Group (3333.HK) on Wednesday announced plans for the restructuring of its $22.7 billion in offshore debt, which could set a template for distressed rivals and shape investor sentiment ...