China’s property debt crisis is entering a new phase as even partially state-backed developers and private-sector giants that had long been considered safer rapidly tumble into distress.
Tagged By property
China property slump persists in October with falling prices, sales as COVID bites
China’s property market continued its slump in October, with private data showing home prices and sales falling, suggesting lacklustre sentiment and a bleak outlook amid strict COVID curbs, which hit …
China’s property crash sends billionaire founders heading to exits
Longfor Group Holdings Ltd.’s Wu Yajun resigned on Friday as executive director and chair, shortly after Soho China Ltd.’s Pan Shiyi quit in September …
Record Plunge In China Property Giant’s Stock After Chair Quits
The share price of Chinese property giant Longfor Group Holdings Ltd tumbled by a record amount on Monday, after its long-serving chair abruptly resigned during a brewing crisis in the country’s real …
China Property Billionaire Wu Resigns as Longfor Chair During Sector Crisis
Chinese developer Longfor Group Holdings Ltd. plummeted the most on record after billionaire Chairman Wu Yajun stepped down, underscoring investor concern about the country’s deepening property crisis …
China’s Oct Factory Activity Unexpectedly Skids Amid Slowing Demand
China’s factory activity unexpectedly fell in October, an official survey showed on Monday, weighed by softening global demand and strict COVID-19 restrictions, which hit production. The official …
China’s Factory Activity Set to Stall in October Reuters Poll
China’s factory activity likely showed no growth in October, with production hit by COVID-19 restrictions and as exports moderate on slowing global demand, a Reuters poll showed on Friday. The …
China’s Property Crisis Is Fueling Record Loss in BEA Debt
China’s property debt crisis is deepening challenges for creditors. The latest is a record drop in bonds from a Hong Kong-based lender with a comparatively high rate of soured loans to the sector.
China Industrial Profits Decline Again on Covid, Property
Profits at industrial firms in China shrank in the first nine months of the year, as Covid disruptions and a property slump continued to weigh on companies’ bottom lines.
China fails to stem bond outflows as property woes persist
Michael Li, a China-focused high-yield bond fund manager based in Hong Kong (who prefers not to speak under his real name), is struggling to attract new investment even though he has outperformed the …
China Home Prices Fall for 13th Month as Property Woes Persist
China’s home prices sank for a 13th month in September, underscoring the country’s challenges to arrest a slumping property market. Most Read from BloombergWall Street Is Heading to Saudi Arabia as US …
China’s GDP growth falls short of target on mounting property and zero-Covid woes
China’s gross domestic product rose 3.9 per cent year on year in the third quarter, far below its full-year target and laying bare the scale of the economic challenges facing the country. The release …
China’s Yunnan Tin cans $11 million Wahroonga trophy estate, doubles money on way out
One of the world’s largest tin producers has struck gold in Wahroonga this week, actor Sophie Lee lists her Palm Beach getaway, and Mike Baird buys a $5 million downsizer.
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