China Property Debt

Nasdaq-Listed China Shadow Bank Down 60% on Property Crisis Hit

Troubles at multiple Chinese shadow banks show how a faltering property sector is causing strain throughout the country's financial system

4 months ago

China Evergrande Chases Last-Gasp Debt Deal as Deadline Looms

The crisis-hit real estate giant, with more than $300 billion in liabilities, has until Monday to come up with a…

5 months ago

Evergrande Unit Launches $280m Legal Case Against Parent

Jinbi Property Management Company has begun legal proceedings in a bid to recover deposit certificate pledge guarantees worth about 2…

5 months ago

China to Probe Troubled Shadow Bank Steeped In $64 Billion Debt

The crisis at Zhongzhi threatens to reignite concerns that China's property debt crisis is spilling over into the country’s broader…

5 months ago

Evergrande Chief’s Two Luxury Mansions ‘Seized by Creditor’

The properties, located in The Peak, one of the most prestigious neighbourhoods in Hong Kong, are valued at more than…

5 months ago

China Not Doing Enough to Spark Property Turnaround: Analysts

Rescuing developers like Country Garden won’t address the sector’s downturn, analysts say, with lifting buyer confidence the key

5 months ago

China’s New Home Prices See Fourth Straight Monthly Drop

More than 50 cities saw declines in monthly sale prices in October, with estimates saying there are about 20 million…

5 months ago

China to Issue More Government Bonds to Tackle Debt Crisis

Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, China's…

6 months ago

China Set to Tighten Hold on Crackdown-Hit Finance Sector

At a twice-a-decade financial policy meeting this week, Beijing vowed to uphold the centralised and unified leadership of the CCP…

6 months ago

Standard Chartered Reveals $1bn China Property, Banking Hit

The UK-based bank, which earns most of its revenue in Asia, lost $700m alone from its stake in China Bohai…

6 months ago

Country Garden Defaults on Bond, Sparks Contagion Fears – FT

The developer missed an interest payment on another bond in August, as it follows the downward spiral of dozens of…

6 months ago

China Hits 12 Regions, Cities With New Debt Growth Curbs

Debt-heavy municipalities represent a major risk to the world's second-largest economy and its financial stability, amid a deepening property crisis

6 months ago