China Evergrande Group’s stock and bonds rallied after the developer took a major step toward avoiding a cash crunch that had threatened to roil the nation’s $50 trillion financial system and … ( read original…
Tagged By property
China’s Too-Big-to-Fail Real Estate Giant Pulls Back From Brink
China Evergrande Group took a major step toward avoiding a cash crunch that had threatened to roil the nation’s $50 trillion financial system and reverberate across global markets. ( read original story …)
China real estate takes back seat as hopes pinned on consumption to drive recovery
China is tapping the brakes on property prices and cutting the availability of mortgage loans to spur households to spend instead of repaying debt, as policymakers try to ignite private consumption … ( read original…
Property Developer China Evergrande Erases Market Losses
The company had sought to assuage investor concerns about its liquidity following a steep selloff, and some investors took advantage of its distressed U.S.-dollar-bond prices to scoop up the … ( read original story …)
No One’s Too Big to Fail in China’s Property Market
Beijing has set strict guidelines to protect the real-estate sector. Luckily many developers are in the clear. ( read original story …)
China Shares Predicted To Open In The Green
The China stock market has finished lower in back-to-back trading days, surrendering more than 60 points or 2 percent along the way. ( read original story …)
China property developer follows Huawei with job cuts in Australia amid souring Beijing-Canberra ties
Chinese state developer Poly Developments and Holdings will cut jobs at its Australian real estate arm as it moves to slow capital investments in Australia amid a coronavirus pandemic-led downturn and … ( read original…
Blackstone’s China Real Estate Head Tim Wang Leaves After 10 Years
Tim Wang, a senior managing director at Blackstone Group Inc., is leaving after 10 years at one of the world’s biggest alternative asset managers, people familiar with the matter said. ( read original story …)
Chinese Property Tycoon Who Called Xi Jinping A ‘Clown’ Imprisoned For 18 Years
A Beijing court has sentenced Ren Zhiqiang, a former real estate executive, to 18 years in prison on corruption charges, months after he called Chinese President Xi Jinping a “clown” for his handling … (…
China’s middle-class dream of a second home in Malaysia dashed by coronavirus and geopolitical tensions
Many Chinese people, having left the tropical Southeast Asian nation amid the pandemic, are opting to cut their losses and sell their Malaysian homes remotely, at a steep loss. ( read original story …)
Chinese Real Estate Billionaire Scrambles To Raise Cash As Debts Reach $123 Billion
Hui Ka Yan is finally taking steps to reduce the massive debt pile at his property developer China Evergrande Group, but the costs of doing so are piling up rapidly. ( read original story …)
Justice Department slams China in hacking scheme for ‘stealing intellectual property, stifling freedom’
Five members of an alleged Chinese hacking group have been indicted for their role in a scheme to hack into more than 100 companies in the U.S., the Justice Department announced. ( read original story…
China’s home foreclosures soar as nation’s debt-fuelled property bull run sputters on falling income and dim job prospects
Nowhere is the problem more serious than in Guangzhou, where 33,000 foreclosures were reported in a city whose economy shrank 2.7 per cent last year, more than the national average of 1.6 per cent. (…
