The crisis-hit real estate giant, with more than $300 billion in liabilities, has until Monday to come up with a revised debt restructuring proposal, a judge ruled
Jinbi Property Management Company has begun legal proceedings in a bid to recover deposit certificate pledge guarantees worth about 2 billion yuan
The crisis at Zhongzhi threatens to reignite concerns that China's property debt crisis is spilling over into the country’s broader financial sector
The properties, located in The Peak, one of the most prestigious neighbourhoods in Hong Kong, are valued at more than $192 million
Rescuing developers like Country Garden won’t address the sector’s downturn, analysts say, with lifting buyer confidence the key
More than 50 cities saw declines in monthly sale prices in October, with estimates saying there are about 20 million pre-sold units not yet constructed
Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, China's newly appointed finance chief said
At a twice-a-decade financial policy meeting this week, Beijing vowed to uphold the centralised and unified leadership of the CCP on China's financial work
The UK-based bank, which earns most of its revenue in Asia, lost $700m alone from its stake in China Bohai Bank
The developer missed an interest payment on another bond in August, as it follows the downward spiral of dozens of its peers, including Evergrande
Debt-heavy municipalities represent a major risk to the world's second-largest economy and its financial stability, amid a deepening property crisis
Police scrutiny of Evergrande, and now its chief, has complicated debt restructuring efforts by the world’s most debt-laden property developer