Goldman Sachs said on Thursday it now expected almost a fifth of lower-rated Chinese property firms to default this year, although it could be almost a third in a more severe scenario. The U.S.
Tagged By property
China commercial paper delinquencies surge as property developers struggle
The number of Chinese companies “consistently overdue” on commercial paper payments jumped 26% in December from a month earlier as a liquidity crunch hitting Chinese property developers reduced their …
China Property Firms Face Raft of Key Payments
Stephen Engle, Bloomberg’s Chief North Asia TV Correspondent, discusses the latest on China’s property sector with Bryan Curtis and Juliette Saly on Bloomberg Daybreak Asia.
China Property Firms Face Raft of Key Payments This Week
Investors are bracing for a fresh wave of volatility in China’s credit markets this week, as a barrage of payment deadlines loom for some of the property sector’s most distressed firms.
China’s Property Slump May Be Stabilizing. Why Economists Are Still Dour on GDP Outlook.
China’s strict Covid policies could continue to loom over its economy, so much so that Goldman Sachs lowered its 2022 economic growth outlook to 4.3% from 4.8%.
Continuing problems for China’s real estate sector
Last Thursday, the Shanghai Stock Exchange suspended trading in three renminbi-denominated bonds of the real estate developer Shimao after it had failed to make a payment.
‘Healthy’ Chinese Property Developers Affected by Raging Real Estate Crisis
Shimao Group, believed to be one of the healthiest developers in China amidst the country’s ongoing real estate crisis, has shocked investors by reportedly …
China’s Shimao Group in talks with buyers, may consider sale of some properties
China’s Shimao Group Holdings said on Tuesday it was in talks with potential parties and may consider selling some properties to reduce its debt, a day after reports said it had put all of its…
Shimao Puts Residential Projects on Sale as China Property Woes Deepen
Shimao has put all its projects on sale, local media reported, as Chinese property developers face mounting pressure to negotiate with their creditors to ease a liquidity squeeze in the sector that is …
China aims to accelerate M&A among debt-ridden real estate firms to address risks
The People’s Government of South China’s Guangdong Province has held meetings with a number of property enterprises, likely paving the way for state-owned real estate enterprises to carry out merger …
In the Era of the Boom of the Property Management Industry, Desun Services Adopts a Differentiated Approach
Nowadays, property developers are taking on unprecedented challenges. Under the multiple control measures such as the Three Red Lines policy and centralized land supply, the development of property …
Evergrande Is Painting a Bright Picture of Its Crisis. It May Not Be Enough to Calm China’s Panicky Property Sector.
Property developer China Evergrande still faces $300 billion in liabilities. And larger trends spell trouble for China’s property sector as housing sales continue to decline.
China sees funding ‘dry up’ after Evergrande crisis – property sector rocked
THE FALLOUT of China’s property sector issues is weighing heavily on the country’s finances as it enters 2022 – with local governments falling short of funds.
