Fresh Moody's downgrade of Shimao's rating also hits investor confidence, highlighting the debt travails bedevilling some bloated developers

Pledge comes after a series of regulations aimed at reining in debt in the sector unsettled buyers and prompted a marked slowdown in the property sector

The "diagrid" format reduces the building’s interior solar gain while responsive solar shading technology protects the interior from sunlight

Shimao defaulted on a trust loan last month and has been scrambling to extend debt maturities including asset-backed securities and trust loans with creditors

China's 30th largest developer by sales has seen its shares seesaw. The stock rose as much as 12% on Tuesday after a 13% drop on Monday

Fundraising by Chinese property developers via bond issuance hit a 10-year low in January despite policy easing by regulators that slightly lifted investor sentiment, a Moody’s analyst said on Tuesday

Asia Financial identifies five more Chinese real estate companies – facing billions of dollars of debt and junk rating downgrades – which are prime candidates for default in 2022

Banks in 87 cities cut mortgage rates in February, a research group said, in a bid to boost sales in China's property market chilled by efforts to cut huge amounts of debt held by some developers

Shortfall under state government’s proposed changes to developer levies will harm recovery from pandemic, Sydney's city council says

The Bank of China, ICBC, China Construction Bank and Agricultural Bank cut mortgage rates for first-time homebuyers to 80 basis points of the benchmark loan prime rate in southern city

Shares and foreign bonds of Zhenro slumped again on Monday, after it said existing resources may be insufficient to repay debt due in March

Prices rose as efforts to soften the blow from tough regulatory curbs on the sector supported buyer sentiment, particularly in big cities