Country Garden’s deal with creditors for an extension on onshore debt payments worth 3.9 billion yuan ($536 million) boosted shares in the developer on Monday and gave China’s crisis-ridden property …
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Country Garden debt deal brings some relief for China’s property sector
Creditors of Country Garden (OTCPK:CTRYF) reportedly extended a payment deadline for an onshore private bond, which will allow the troubled Chinese real estate developer to avoid a default, bringing …
Hong Kong property stocks surge as China takes action to revive property sector
Stocks were also helped by Country Garden Holdings reportedly winning approval to extend repayment on an onshore private bond to 2026.
Property Stocks Lead China Rally as Stimulus Measures Lift Mood
Chinese stocks jumped after the nation rolled out further property support measures, the latest in an intensifying campaign to rescue to beleaguered sector that’s been dragging down the economy. Most Read from BloombergDiamond Prices Are…
China engaging in ‘asymmetric warfare’ to influence US public opinion: former NSA boss John Bolton
China is engaged in an “asymmetric warfare” campaign in the United States aimed at influencing public opinion and weakening Americans’ faith in their institutions, former
Malaysia’s Forest City Teeters Over China Property Giant Woes
On the approach to Malaysia’s $100-billion island megaproject backed by Chinese investment, a collapsed bridge forces drivers to detour before they reach an artificial city emerging from palm oil …
China property crackdown: why surprise victim Country Garden could be worse than Evergrande for the economy
The catastrophic crash in Country Garden Holdings, once the gold standard in China’s property industry, has cost stock and bond investors steep losses. Now, the developer stands to potentially inflict …
China’s largest private property developer warns of default
Country Garden China largest private property developer has warned that it could default if its financial performance continues to decline …
Country Garden wins bond extension in relief for China’s property sector
Country Garden has won approval from its creditors to extend payments for an onshore private bond, according to sources and a document seen by Reuters, in a major relief for the embattled Chinese …
China takes aim at real estate crisis with new measures to boost economy
China has rolled out a new batch of stimulus measures to boost the nation’s ailing property market and support a weakening yuan, in its latest attempt to restore confidence in the world’s second …
‘Too afraid to buy’:China’s slowing economy overshadows property easing moves
Real estate agents have been calling Daisy Wu non-stop to get her to buy an apartment in the southern Chinese city of Shenzhen, but the 28-year-old said she was too worried about the slowing economy…
Exclusive: China to take more action to revive property sector
China is set to take further action including relaxing home-purchase restrictions as it scrambles to tackle a deepening crisis in its massive debt-riddled property sector, four people familiar with …
Here’s Everything China Is Doing to Save Its Property Market
China unleashed a slew of measures to halt a slide in the country’s residential property and shore up its ailing economy.
