The Shenzhen-based developer has become a poster child of China’s property crisis since 2021, with total liabilities of over $328 billion at the end of June last year. Last September, its founder and …
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Evergrande Was Once China’s Biggest Property Developer. Now, It Has Been Ordered to Liquidate
The Chinese property developer faces imminent liquidation after its overseas creditors failed to reach an 11th-hour deal this weekend to restructure the sprawling real-estate company.
China property giant Evergrande told to liquidate
The firm defaulted on its debts back in 2021, throwing the country’s whole property market into turmoil. Now the liquidation order is likely to deepen the crisis in the sector, and jolt China’s …
China Evergrande, World’s Most-Indebted Property Developer, Ordered to Liquidate
China Evergrande Group was ordered to be liquidated by a Hong Kong court, a stunning legal coda for the world’s most-indebted property developer. A wind-up could end up in management being replaced …
China Evergrande: What if the property giant is liquidated?
One of China’s largest real estate developers faces a winding-up petition in a Hong Kong court on Monday. A liquidation of the firm could have far reaching consequences for the world’s second-largest …
Shockwaves In The East: Zhongzhi’s Bankruptcy Exposes China’s Deepening Property Crisis
Despite government intervention, China’s property crisis has been deepening as shadow bank Zhongzhi Enterprise Group declared bankruptcy on Jan. 5. The bank, which had financed the operations of …
Nam Tai Property: Still Fighting For Control Of Mainland China Assets – Hold
Nam Tai Property Inc. remains deeply entangled in legal proceedings with a subsidiary of former controlling shareholder Kaisa Group. Explore more details here.
China property: Evergrande’s Hengda unit to sell stake in Shantou project for US$19.4 million as Hong Kong court hearing nears
A unit of China Evergrande Group, the most indebted property developer in mainland China, has agreed to sell its stake in a project in Shantou, southern Guangdong province, continuing to pare down …
New rules boost China property shares but could miss the mark, analysts say
Chinese property shares rose on Thursday, strengthened by the latest relaxation in credit measures to support the embattled real estate industry, but few market participants expected them to overcome …
China cuts bank reserve requirements and will boost property lending to support its slowing economy
China’s central bank said Wednesday it will cut amount of reserves it holds for banks as part of a slew of measures to support the slowing economy.The announcement by the governor of the People’s Bank…
China To Cut Amount Banks Hold In Reserve, To Boost Lending: Official
China on Wednesday said it would next month cut the amount banks must hold in reserve in order to boost lending, state media reported.
China’s property developers are using bizarre marketing tactics: Report
There is no denying now that China’s economy, the world’s second largest, is in deep crisis. China’s economy grew 5.2% in 2023, slightly above the official target, but the recovery was far shakier …
Desperate Chinese Property Developers Resort to Bizarre Marketing Tactics
China’s real-estate crisis has dragged down the economy, caused massive layoffs and pushed multibillion-dollar companies to the point of collapse. Economists think it’s about to get worse. Sales of …
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