The floor area of homes sold in 17 cities tracked by China Index Academy slumped 33% from a month earlier, with Guangzhou plunging 48% and Beijing sinking 34%.

The Nanchang unit has been ordered to pay a guarantor $1.08bn after failing to come through on its debt obligations

What's next for China Evergrande after it offered offshore creditors shares in two overseas-listed units in a bid to solve its liquidity crisis

The ailing real estate group plans to offer sweeteners in the form of shares in two of its overseas-listed units as part of its debt revamp

Many investment funds have taken a hit from China's property sector meltdown, which was made worse by the Covid lockdowns in major cities in the second quarter

The People's Bank of China will initially issue about 200 billion yuan of low-interest loans, charging about 1.75% a year, to state commercial banks

The real estate group, struggling under about $300 billion of debt, bought the Wan Chai tower for HK$12.5 billion ($1.6 billion) seven years ago

Rising concern about consumer and business confidence in China - as strict curbs aimed at stamping out Covid-19 undercut a return to prosperity - have hampered growth

The developer will issue 870 million new shares, or 3.6% of the enlarged share capital, at HK$3.25 each, to professional and institutional investors in the share sale

China's investments in countries that are part of its Belt & Road scheme saw a small decline in the six months to June, with Russia, Sri Lanka and Egypt getting zero investments, the report said.

The fund has an initial $12bn from China Construction Bank and the PBOC to buy and complete unfinished projects. More insights are expected when Evergrande releases its debt plan this week

Landlords believe that the continuing impact of the pandemic on Hong Kong real estate will be limited in the future, as renters have mostly adapted to the new circumstances