The top four state banks have been given a week to issue offshore loans to help developers 'of good quality' repay overseas debt, sources say
With Beijing stepping up support for the property sector, some offshore bondholders are looking for bargains amid hope China's cash-squeezed property sector will recover from its brutal slide
Evergrande expects to firm up debt restructuring proposals by end-February or early-March, lawyers for the developer told a Hong Kong court on Monday
China's central bank will offer loans with a rate much lower than the benchmark interest rate so financial institutions can buy onshore bonds issued by developers, sources say
Real estate firms’ shares rallied after the move from China’s biggest commercial banks with some stocks rising 18%
Economic activity in the fourth quarter "is crucial for full-year growth", according to the State Council meeting chaired by Premier Li Keqiang, who said now was a "critical time" to bolster the economy.
Three state banks said on Wednesday they would provide hundreds of billions of yuan in credit to Vanke, Longfor and other debt-laden developers to support the embattled sector
Jianxia district officials reclaimed over 134 hectares (332 acres) of land previously held by a unit of the debt-laden developer
The economic fallout of Covid lockdowns in many cities led to many buyers putting off plans to take on debt to buy new homes. That's why experts say a real estate revival is still a way off.
China Evergrande, faced with $300 billion in liabilities, is set to start negotiating debt restructuring terms next month
New home prices slumped 1.6% year-on-year, according to NBS data, falling for the sixth consecutive month. That is the biggest annual drop since August 2015
China's retail sales dropped in October, for the first time in five months, and factory output grew more slowly than expected, new data showed on Tuesday