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

China's State Council ordered Guangdong officials to get the insurance giant to 'rescue' the nation's biggest private developer, sources say, but the company denies wanting to take it over

The move, proposed in a new debt-restructuring plan for offshore bondholders with about $19 billion of debt, would involve shares in its property services and new-energy-vehicle units, sources say

The squeeze on business profits was underscored by factory gate prices contracting sharply this month, a sub-index in the PMI survey showed

HSBC’s finance chief said the bank still expected another couple of difficult quarters but the long-term outlook for the country’s real estate was positive

A Hong Kong judge said a decision on whether to wind up the debt-laden developer would be made on December 4, so the firm needs a revised restructuring plan before that date

The UK-based bank, which earns most of its revenue in Asia, lost $700m alone from its stake in China Bohai Bank