Police scrutiny of Evergrande, and now its chief, has complicated debt restructuring efforts by the world’s most debt-laden property developer
The developer's already battered Hong Kong-listed shares slipped more than 8% on Tuesday, taking the stock's losses to more than 27% in two days
The world's most indebted property developer said a regulatory probe into its main domestic subsidiary, Hengda, had halted the debt restructure
A former statistics bureau chief has gone public with his negative view of the country’s crisis-hit property sector
The ratings agency fears Beijing’s support measures won’t be enough to turn around the fortunes of the country’s real estate giants
The announcements come on the heels of a series of nationwide support measures announced by Beijing for the property sector
On Friday, Evergrande said it had "adequately" fulfilled exchange guidance for the resumption of trade of its Hong Kong-listed stock
The country's central bank also said it would stick to the principle that houses are for living in and not vehicles for speculation
Workers at dorms on two Country Garden sites in Tianjin, a port city of 14 million people about 135 km (84 miles) southeast of Beijing, complained of months without pay
Country Garden, facing $192 billion worth of debt, is saddled with nearly 1 million unfinished homes in 3,121 projects spread across all of China's provinces
Recent net selling of Chinese equities was the largest over any 10-day period since October 2022 and one of the steepest moves in the past five years
With its regional governments facing unprecedented debt woes, economists say Beijing has realised it needs to urgently throw cash at the problem