Hui Ka Yan sold 1.2bn shares in his company on Thursday for $344m, cutting his stake to 67.9% from 77%. Once China's richest man, he could be broke by mid-2022 if the crisis doesn't ease soon

Construction on the $1.86 billion Guangzhou Evergrande Football Stadium began in April last year. The debt-laden developer is also looking to sell the money-losing Guangzhou Football Club

The sale comes less than 18 months after developer acquired plot from indebted Goldin Financial Holdings for HK$7 billion.

Regulators will look into activities of insurers that are beyond the allowed investment scope, including those invested in commercial real estate projects

Shares of Chinese developer soared as much as 20% on Thursday on news it wants to extend maturity of a $400m bond by 18 months. Evergrande's EV unit also jumped 12%.

Debt-laden developer Kaisa plans an 18-month extension for its $400m dollar bond maturing on Dec 7, business intelligence group Redd said. Chengdu city moves to help developers' liquidity.

The policy will not take immediate effect – Beijing will first carry out pilot schemes in selected areas for the next five years

Offshore bondholders of the embattled Kaisa Group who did not receive coupon payments this month have tapped investment bank Moelis & Co to advise them how to proceed

Temasek subsidiary's deal comes at a time of booming demand for warehouses and logistics infrastructure in China and SE Asia as the pandemic spurs e-commerce

Banks are adjusting lending to reflect the latest central bank guidance of "meeting the normal financing needs" of the property sector