One of China’s largest real estate developers faces a winding-up petition in a Hong Kong court on Monday. A liquidation of the firm could have far reaching consequences for the world’s second-largest …
Tagged By property
Shockwaves In The East: Zhongzhi’s Bankruptcy Exposes China’s Deepening Property Crisis
Despite government intervention, China’s property crisis has been deepening as shadow bank Zhongzhi Enterprise Group declared bankruptcy on Jan. 5. The bank, which had financed the operations of …
Nam Tai Property: Still Fighting For Control Of Mainland China Assets – Hold
Nam Tai Property Inc. remains deeply entangled in legal proceedings with a subsidiary of former controlling shareholder Kaisa Group. Explore more details here.
China property: Evergrande’s Hengda unit to sell stake in Shantou project for US$19.4 million as Hong Kong court hearing nears
A unit of China Evergrande Group, the most indebted property developer in mainland China, has agreed to sell its stake in a project in Shantou, southern Guangdong province, continuing to pare down …
New rules boost China property shares but could miss the mark, analysts say
Chinese property shares rose on Thursday, strengthened by the latest relaxation in credit measures to support the embattled real estate industry, but few market participants expected them to overcome …
China cuts bank reserve requirements and will boost property lending to support its slowing economy
China’s central bank said Wednesday it will cut amount of reserves it holds for banks as part of a slew of measures to support the slowing economy.The announcement by the governor of the People’s Bank…
China To Cut Amount Banks Hold In Reserve, To Boost Lending: Official
China on Wednesday said it would next month cut the amount banks must hold in reserve in order to boost lending, state media reported.
China’s property developers are using bizarre marketing tactics: Report
There is no denying now that China’s economy, the world’s second largest, is in deep crisis. China’s economy grew 5.2% in 2023, slightly above the official target, but the recovery was far shakier …
Desperate Chinese Property Developers Resort to Bizarre Marketing Tactics
China’s real-estate crisis has dragged down the economy, caused massive layoffs and pushed multibillion-dollar companies to the point of collapse. Economists think it’s about to get worse. Sales of …
China property: Country Garden auctioning US$530 million worth of assets in Guangzhou to overcome cash crunch, defaults
The Foshan-based developer has listed five properties for sale in Guangdong’s provincial capital as it seeks to raise cash to repay debt due in the next six months.
China shames struggling transport bureau over fake traffic ticket scam
Some of the alleged traffic incidents were so minor as not to warrant any punishment, the council said. 04:49 Anger mounts as China’s property debt crisis leaves flats unfinished Anger mounts as China …
China’s Real Estate Meltdown Deepens: Massive Tax Evasion Claims Send Shockwaves
China’s property crisis, already deepened by the continuous bankruptcy of major developers, is expected to face another severe blow. The real estate market is likely to freeze further as it has been …
China’s residential foreclosures increase 43% in 2023
The number of foreclosed homes in China rose 43% year-on-year in 2023, according to a private survey on Monday, highlighting a worrying trend of rising mortgage delinquencies amid a sustained property …