China's top 100 developers saw contracted sales of 185.7 billion yuan ($25.8 billion) during the month – a year-on-year decline of more than 60% and a 21% drop on sales in January

Deutsche Bank is preparing to file a liquidation suit against Shimao in a Hong Kong court this month - a rare move by a foreign firm that stems from disappointment over the builder's debt rejig plan

Some 74 hedge funds in Asia closed down in 2023, half of them in China, as interest shifted toward Japan, pan-Asia funds and other strategies

China's biggest developer, now in default, vows to fight petition filed by a creditor for non-payment of a $205m loan; stock plunge drags Hang Seng down amid fears case could hit sector's recovery

Demand for debt restructuring professionals has seen a significant uptick since the beginning of 2023 and the trend is expected to continue this year

Offshore creditors plan to sue state-owned Shenzhen SEZ Construction and Development, which holds 29% of China South City, because of a 'keepwell provision' in its bonds

The first chunk of funds earmarked for housing projects endorsed by city officials has been issued, as debate rages over plans for far greater state involvement in the sector

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

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

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

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

The Nikkei 225 was up 0.92% at the close in Tokyo on Friday, while the Hang Seng in Hong Kong jumped by 2.4%, and stocks in Australia and India were also boosted