Concerns about the spillover risks of a messy collapse have led to speculation the state may support the group and 'buy time' till it can sell its subsidiaries off, before a buy-up of projects or stakes in the core unit
Ratings agency says Shanghai developer will struggle to make a $246-million repayment due in four weeks given the crisis that has slashed its share value and ravaged the property sector
China wants to show it can manage financial crises prudently without damaging fundamental trust in its governance or markets, says S&P Global.
Xu Jiayin (aka Hui Ka Yan) has put on a brave front to rally his troops while his empire teeters near collapse
China's new home sales, existing home sales, and land sales are all plummeting this month as government measures to curb prices bite.
Zhang was named on Forbes' Billionaires list of the world's richest people this year – but his firm Sinic was forced to halt trading in Hong Kong following an 87% drop in its share price
(AF) China Evergrande said six of its executives had cashed out early from investment products that the troubled property...
Officials from Beijing reportedly told property tycoons in Hong Kong to do more to ease the city’s chronic housing shortage. This has amplified the real estate crisis caused by Evergrande's debt woes. It has also hit China's demand for steel.
One bank is said to be making provisions for non-payment of loan while others prepare to roll over some of their near-term debt obligations