Billionaire owners of Chinese developers have dipped into their own pockets for at least $3.8 billion to save their troubled companies from default, as a cash crunch engulfs the industry.
Tagged By property
China’s land sales slump 13.14% in October as property woes worsen
The value of government land sales in October declined 13.14% from a year earlier to 573.7 billion yuan ($89.90 billion), after suffering a drop of 11..
China’s land sales slump for 4th month as property woes worsen
The Chinese government’s revenue from land sales slumped for a fourth month in October compared with year ago levels, as cash-strapped developers moved cautiously on land buying after tighter …
Iron ore rebounds as China property sector concerns ease
Benchmark iron ore futures rebounded on Friday following some positive news from China’s troubled property sector, but traders remained cautious over the overall demand outlook for the raw material in …
China Property Risks to Economy Can Be Contained, IMF Says
China should be able to contain the economic impact of financial strains experienced by real-estate developers but needs to step-up fiscal support for its slowing economy, the International Monetary …
China Cities Ease Land Bidding Rules as Property Stress Spreads
Some Chinese cities have relaxed rules for land sales after cash-strapped developers became reluctant to bid, threatening the biggest revenue earner for local governments.
China Property Easing Has Traders Asking If the Worst Is Over
Has China’s crackdown on property developers reached a turning point? The question is popping up on trading desks around the world after a flurry of positive signals from Beijing. Developer shares and …
Roundup: What to Expect From China’s Property Market in 2022
China’s property sector has been a major driver of the country’s remarkable economic and household wealth growth over the past 20 years, but it has appeared to have lost its shine in recent months …
Morningstar picks property stocks that could win as China tries to ‘clean up the space’
From telecommunications to real estate, Morningstar sees potential in some Chinese stocks — even as market valuations are becoming more expensive.
Bonds, Stocks, Economy: How China’s Property Woes Are Spilling Overseas
He’s out to prove a point about China’s troubled property sector by chronicling the fate of his investment on social media. “I was concerned about what was going on, and from my past I’m able…
Property the key for China’s copper prospects in 2022
Copper has the greatest upside momentum of all base metals in China heading into next year, but prospects for the red metal hinge on a recovery in the domestic residential property market, delegates …
Asian high-yield managers start to close 2021 books due to China property woes
Asia’s high-yield bond managers are largely staying away from new debt deals as turmoil in China’s property sector has roiled the region’s bond markets, even as they very cautiously buy into companies …
Asian shares tick up on China property relief, focus shifts to Sino-U.S. talks
Asian shares were mostly higher on Tuesday, as relief in China’s property sector supported sentiment while investors also kept a close eye on a key meeting between U.S. President Joe Biden and Chinese …