Real Estate

All Eyes on Premier Li Qiang’s Work Report at China Congress

Premier will outline key economic goals, but may also cast light on "new productive forces" - steps to promote strategic…

2 months ago

China Property Sales Drop for 10th Straight Month in February

China's top 100 developers saw contracted sales of 185.7 billion yuan ($25.8 billion) during the month – a year-on-year decline…

2 months ago

China’s Shimao Group ‘Faces Liquidation Suit From Foreign Bank’

Deutsche Bank is preparing to file a liquidation suit against Shimao in a Hong Kong court this month - a…

2 months ago

Major Investment Shifts in Asia, as China Hedge Funds Plunge

Some 74 hedge funds in Asia closed down in 2023, half of them in China, as interest shifted toward Japan,…

2 months ago

Country Garden Liquidation Petition Clouds Huge Debt Revamp

China's biggest developer, now in default, vows to fight petition filed by a creditor for non-payment of a $205m loan;…

2 months ago

Restructuring Firms Busy in Hong Kong Amid China Property Crisis

Demand for debt restructuring professionals has seen a significant uptick since the beginning of 2023 and the trend is expected…

2 months ago

Creditors Set to Sue State Shareholder of Chinese Developer

Offshore creditors plan to sue state-owned Shenzhen SEZ Construction and Development, which holds 29% of China South City, because of…

2 months ago

China Banks Approve $17bn For Housing as Policy Debate Rages

The first chunk of funds earmarked for housing projects endorsed by city officials has been issued, as debate rages over…

2 months ago

China’s Financial Watchdogs Vow to Maintain Strict Supervision

National regulators say they "want to build is a socialist financial powerhouse", but warn that businesspeople must avoid graft and…

2 months ago

China Chops Mortgage Benchmark Rate to Boost Property Market

Financial authorities in Beijing on Tuesday announced the country's biggest ever reduction in its benchmark mortgage rate

2 months ago

China Expected to Trim Mortgage Reference Rate on Tuesday

Improving net interest margins are seen as giving authorities some space to use monetary stimulus to bolster the economy's flat…

2 months ago

China Evergrande Liquidators May Sue Its Auditor PwC: Report

PricewaterhouseCoopers had been Evergrande’s auditor since 2009 — when the developer listed in Hong Kong — and resigned from that…

2 months ago