Some yield-hungry bond investors are continuing to look for opportunities in the China property sector, discounting rising default cases in the hopes that Beijing will push ahead with its policy …
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Evergrande’s boss forced to sell an additional 277.8 million shares as China’s government says it’s not bailing the property giant out
The forced sales cut Evergrande chairman Hui Ka Yan’s stake in the company from 61.88% to 59.78%. According to Bloomberg calculations, the shares were worth around HK$498 million (US$64 million). The …
Private equity cuts back on China property as Evergrande hits stocks
Private equity groups are planning to cut their exposure to Chinese real estate as concerns mount over the health of the sector following the default last week of indebted developer China Evergrande.
Private Equity Firms Plan Cuts in China to Escape Property Woes
Private equity investors are cooling on China, pulling back from real estate amid mounting troubles at some of the nation’s biggest developers and with many also planning to cut bets on start-ups.
CHINESE PROPERTY MARKET
The Chinese property market has been shaking in recent months by the debt crisis at Evergrande and other firms showing signs of financial insecurity. The key driver behind what we are seeing in the …
China’s leaders vow to regulate property market
China’s leaders say they will continue to closely regulate the real estate market in an effort to bring the ballooning, debt-laden sector back down to earth.
China to boost virtuous cycle, healthy development of property market in 2022: key meeting
China will support the property market to better cater to the reasonable demand of home buyers and adopt city-specific policies to boost the virtuous cycle and healthy development of the sector, …
Two conditions are necessary to lift China’s property sector outlook, says analyst
Logan Wright of Rhodium Group says stabilizing property sales and credit growth can improve the outlook of China’s real estate sector.
China’s stock of unsold new homes hits 5-year high amid weak demand
Unsold housing stock in China’s 100 biggest cities rose to the highest in five years in November, according to a private sector survey, as weak demand in smaller centres added to headaches for the …
China property giant defaults on debt, ‘symptomatic of country’s debt buildup’
Africa Melane discusses China’s building boom and ghost cities with John Loos, Property Economist at FNB. A sense of disbelief greeted the news that Chinese property giant Evergrande had defaulted on …
China’s Kaisa kicks off $12-bln debt restructuring after missing pay date -source
Chinese property developer Kaisa Group Holdings Ltd has started work on restructuring its offshore debt worth $12 billion, a source with direct knowledge of the matter said on Thursday, after missing …
Fresh jitters in China’s property sector after Kaisa shares suspended
Suspension comes amid concerns Kaisa, China’s largest holder of offshore debt after Evergrande, is unlikely to meet a $400m repayment deadline …
Evergrande: China property developer debt default fears grow
Concerns are growing over potential multi-million dollar debt defaults by two of China’s biggest property companies. Investors are waiting for news about tens of millions of dollars of overdue …
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