Nomura upgraded shares of China Overseas Property (OTCMKTS:CNPPF – Get Rating) from a neutral rating to a buy rating in a report published on Monday, The Fly reports. CNPPF has been the subject of a…
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Chinese Property Giant Says Housing Market Peaked Last Year
China’s housing market reached a peak last year, according to one of the biggest developers, in another setback for the beleaguered industry’s recovery. Property sales nationwide totaled about 18 …
Property developer China Vanke expects 2022 profit to stabilise
China Vanke , the country’s No.2 property developer by sales, said on Thursday it expects its net profit to stabilise in 2022 after Chairman Yu Liang apologised to investors for the 45.7% slump seen …
Moody’s — China’s property sector still faces default risks amid weak sales and market volatility
China’s property sector still faces. default risks amid weak sales and market volatility. Hong Kong, March 31, 2022 –» China’s property sales …
Big Four cut ties to China’s debt-ridden property giants as developers delay results
The Big Four auditors have begun cutting their links to China’s heavily indebted property developers, amid mounting concerns over the sector’s debt …
China’s property crackdown: top developer Country Garden posts profit decline
China’s largest property developer Country Garden Holdings posted another year of profit decline as cracks widened in the country’s US$1.7 trillion housing market. The Shenzhen-based company, ranked …
Chinese Property Stocks Leap But Red Flags Abound
There’s a mounting list of Chinese developers that say they can’t file their 2021 annual accounts in time, a likely sign of deeper trouble.
Chinese Property Giant Country Garden Tries to Prove Its Doubters Wrong
Country Garden said its net profit for 2021 fell 23%, in what it described as a year of turbulence and upheaval for China’s property-development industry.
China Shadow Banks Snap Up Property to Rescue Own Investments
China’s shadow banks are emerging as unlikely white knights for embattled property firms by becoming mini-developers themselves.Most Read from BloombergUkraine Update: Biden Says Wait and See on a …
Rubio: What America Does About China Will Define 21st Century
Sen. Marco Rubio says many U.S. companies are more concerned with their bottom line in dealing with China than with the national interest.
Today in Capital Matters: China and Sanctions
Yet that is precisely what would happen if there were to be a U.S.-led intensification of trade sanctions against China. This is not least because China is a relatively open economy whose exports …
Central China Shares Slump After 2021 Profit Slid 66%
By Anniek Bao Central China Real Estate Ltd. shares fell in Hong Kong trading on Tuesday after the developer posted a steep drop in 2021 profit due to …
China less likely to back Russia while facing troubles of its own
With its rising debt, shrinking population and market turmoil, China looks increasingly vulnerable. Beijing is likely to think twice before offering generous support to Russia.
