The Hang Seng Mainland Properties Index firmed in mid-afternoon trade, after earlier jumping close to 4%

The world's most indebted property developer has been struggling to repay its many creditors, making this a 'crucial year' for debt repayment

Property prices in 100 Chinese cities fell for the sixth month in a row in December, a private real estate firm survey showed

The services unit’s pledged shares were last enforced a year ago, when the group's ownership was reduced from 60.96%

Construction at the site has been halted since September 2021, with Evergrande facing more than $300 billion in liabilities

The debt-ridden developer said it hopes to extend its repayment deadline after "experiencing significant declines in its sales and operations"

Banks have started to dial back their exposure to the ailing sector with total real estate loans rising just 3.3% this year while overall lending rose 7.9%

With bond defaults totaling over $50 billion, fund managers are choosing to cut their losses amid the mortgage payments boycott and plunge in home sales and prices

The world's second-biggest economy is set to slow again in the third quarter as Covid lockdowns across the country hit production

China’s homebuyers are refusing to pay mortgage loans and their “stop mortgage repayment” movement has spread to several Chinese provinces

The People's Bank of China will initially issue about 200 billion yuan of low-interest loans, charging about 1.75% a year, to state commercial banks

The real estate group, struggling under about $300 billion of debt, bought the Wan Chai tower for HK$12.5 billion ($1.6 billion) seven years ago