Evergrande seeks more financial and legal advisers, while Country Garden surprised with a new issue of $500 million in convertible bonds, after a similar attempt failed last week

Ad hoc group says it has seen no substantive response from developer with offshore creditors to formulate viable restructuring plan

China is drafting nationwide rules to make it easier for property developers to access funds from sales held in escrow accounts in its latest move to ease a severe cash crunch in the sector

Chinese developers have $117 billion worth of debt maturing in 2022, with $36 billion denominated in dollars. Some $58 billion is due in the first and second quarter.

Conglomerate says it bought back $5 million worth of its July 2022 notes and $5 million of its April 2026 notes from the open market

Property sales by floor area rose 1.9% year-on-year in 2021, slower than the 4.8% growth seen in January-November, the National Bureau of Statistics said

Data Monday is expected to show China's gross domestic product grew 3.6% in the last quarter of 2021, intensifying pressure for policy easing.

China's housing slump moderated a fraction in December as property developers rolled out promotions and financing conditions eased.

Reports that lenders are curbing property loans to local government financing vehicles is "concerning" as they are bigger and more significant source of funding than dollar bonds, DBS says

China Evergrande reached a deal with bondholders to delay redemption and coupon payments for a 4.5 billion yuan ($707.52 million) bond

Credit rating agency S&P Global ruled after the firm won approval from lenders to delay a $725m senior unsecured note payment due on Thursday

Shimao and Yuzhou are scrambling to negotiate new terms with creditors to avoid default, while Evergrande secured a crucial payment delay