Hong Kong court gives embattled developer a further 8 weeks to finalise a revamped debt restructuring proposal; judge says plan needs support from all classes of creditors

Group's vice-president and chief financial officer are suspected to have been detained by authorities, who are now probing the shadow bank's dramatic implosion

The crisis-hit real estate giant, with more than $300 billion in liabilities, has until Monday to come up with a revised debt restructuring proposal, a judge ruled

Negative sentiment among factory managers appears to have become entrenched in the face of weak demand at home and abroad; the vast services sector also contracted for the first time in 12 months

Jinbi Property Management Company has begun legal proceedings in a bid to recover deposit certificate pledge guarantees worth about 2 billion yuan

The crisis at Zhongzhi threatens to reignite concerns that China's property debt crisis is spilling over into the country’s broader financial sector

Zhongzhi sent a note of apology to investors on Wednesday, saying it had liabilities of up to $64 billion. This has led to fears of debts spreading from the property crisis to the financial sector

The properties, located in The Peak, one of the most prestigious neighbourhoods in Hong Kong, are valued at more than $192 million

Rescuing developers like Country Garden won’t address the sector’s downturn, analysts say, with lifting buyer confidence the key

More than 50 cities saw declines in monthly sale prices in October, with estimates saying there are about 20 million pre-sold units not yet constructed

Holiday spending is likely to have boosted the latest factory and retail data for October, according to analysts, who say a proper recovery is still elusive

China's biggest private developer expects to give key bondholders its cashflow projections by year's end, as part of the basis for the tentative restructuring plan, sources say