Banks have been reluctant to deepen their exposure to the ailing real estate sector but regulators are pushing for speedier new loan approvals to developers
The creditors’ opposition to the proposal could be a major problem for the ailing property giant and China’s crisis-hit real estate sector
Beijing wants its banks to “whitelist" selected real estate firms to help ease the sector's liquidity squeeze and encourage home purchases
PricewaterhouseCoopers had been Evergrande’s auditor since 2009 — when the developer listed in Hong Kong — and resigned from that position in January last year
Country Garden, Sunac China, Greenland, CIFI and SCE Group have all had some of their projects listed as being suitable for bank loans
Figures showed price rises across 100 cities, signalling the decline in China's property sector may be slowing
A multitude of factors such as social stability and impacts on the property market will be at play when Chinese courts decide on whether to accept the Hong Kong court's ruling on the debt-laden developer
The move “will help accelerate a reduction of housing inventory and promote activity of the property market," one analyst said
Global investors see little chance Beijing can rescue the situation and are jumping ship, leaving China’s markets in freefall
It’s feared the unrelenting downturn in the sector that accounts for around a quarter of China's economy could drag on the country's broader recovery
Tumbling confidence sparked by the deepening property crisis and weakening consumption have seen a REITs index drop nearly 50% from an early 2022 peak
Troubles at multiple Chinese shadow banks show how a faltering property sector is causing strain throughout the country's financial system