Wanda Group must pay a $400m bond on Monday, then a further $488m on the 29th, and a $600m bond in January. It's debt crisis has sparked fears more real estate giants could tumble
Goldman Sachs analysts project a 15% 12-month return for the CSI300, which is now down 0.5% for the year, in stark contrast to the 16% rise in world stocks.
The embattled property developer's overdue results showed steep losses and liabilities prompting some to question the viability of its restructuring plan
Analysts expect Evergrande to post steep losses for 2021 and 2022, in which its contracted sales fell to 443 billion yuan ($61.8bn) and 31.7bn yuan ($4.4bn) respectively, versus 723bn yuan ($101bn) in 2020
Prices were the same as the previous year, retreating from the 0.1% increase in May, according official data on Saturday. All eyes are now on a Politburo meeting later this month
The city has set up a company to bail out its cash-strapped local government funding vehicles, sources say, after Xi ordered local officials to curb hidden debt
But some analysts warned the move that sparked the share price rebound won’t be enough to turn around the country’s crippled property sector
China’s securities watchdog has loosened restrictions on the sector's equity fundraising in a bid to improve liquidity
Young Chinese face the "most difficult employment market in generations" and need to brace for tougher times as the situation could get worse before things improve, a top economist has warned
China's property sector has over the past two years been thrust into a severe debt crisis with many developers defaulting on payments
State banks cut rates on yuan deposits by 5bps on Thursday, and 3-year and 5-year time deposits by 15bps. The move could cut lending costs and ease pressure on profit margins
The Economic Daily commentary comes with some property investors clamouring for more supportive measures for the sector from Beijing