Chinese furniture makers, window and curtain firms, as well lighting companies, may be forced to issue profit warnings as Evergrande’s woes bite

The company allegedly paid $34m in fines for work on the project that skirted environmental and zoning regulations during the years it was built. Dozens of buildings are earmarked for demolition.

Developer and its chairman sold a Shanghai hotel and a stake in a Hong Kong development, respectively, for a total of $836 million

At the end of 2021, outstanding yuan-denominated real estate loans nationwide stood at 52.17 trillion yuan ($8.18 trillion), up 7.9 per cent year on year, PBOC data shows.

The deal is part of the Chinese government's push to buy assets from cash-strapped private developers amid efforts to stabilise and tighten control

Jim Umpleby, chief executive, said the machinery company's revenues would have been higher had it not faced supply chain problems

Fitch said weaker new home sales will weigh on developers' land replenishment. The ratings agency expects nationwide residential property sales to fall 10%-15% in 2022.

More disclosures are expected during the upcoming earnings season, putting pressure on Chinese authorities to do more to limit contagion

Los Angeles-based Oaktree moved this week to seize control of the asset, known as Project Castle, after Evergrande defaulted on a loan

Evergrande shares slumped on Thursday after the developer's thinly detailed restructuring plan left investors dissatisfied, while its indebted peers also fell on concern over higher interest rates

Executives said they hoped to achieve a risk management solution and would treat all creditors "fairly and follow international practice"

China Resources Land secured $3.64 billion in credit for real estate acquisitions on Wednesday, and other state developers completed bond sales worth 2.29bn yuan for the same purpose.