The gross payout was the most since data began in 2013 and a 257% increase from a year earlier, according Ministry of Human Resources and Social Security data.

China’s homebuyers are refusing to pay mortgage loans and their “stop mortgage repayment” movement has spread to several Chinese provinces

China's economy narrowly avoided a contraction in the second quarter as widespread lockdowns and a property crisis took a heavy toll on consumer and business confidence.

China's banking regulator is reviewing local and foreign banks' exposure to developers to try to measure risks to the financial system from the ongoing property sector turmoil

The strong response to the first batch of rental property REITs is positive news for China, opening a new financing channel for the debt-laden real estate sector

China’s yuan is facing the most sustained depreciation pressure since 2015, when a shock devaluation triggered a global stock market rout

Shares of Longfor, CIFI and Country Garden all jumped by more than 15% in morning trading on Tuesday. The Hang Seng Mainland Properties Index climbed 9.2%.

In July new construction starts by floor area fell by over 45%, the fastest pace since early 2013, while household loans and mortgages plunged from $125bn in June to $18bn in July

Many private companies in Dongguan have been forced to shut down, lay off staff, or suspend production because zero-Covid restrictions had a severe impact on their operations

Beike Research Institute has apologized and withdrawn a recent report that warned of an oversupply in China's property market and high rates of unoccupied homes in major cities.

Shares of Longfor bounced back by 11% in early trading in Hong Kong on Thursday on news it had settled its commercial dues without deferring payment

China's real estate crisis has hit property service management companies, with many caught up in their parents' debt woes. This has slashed the value of the sector's shares.