The developer had been planning to use presale funds due to pay $29.5 million in interest on the bond that was required to be repaid last month

Authorities have eased some financing controls for the property sector in a bid to bolster the economy hurt by widespread coronavirus pandemic-related lockdowns

More than 80 cities have sought to boost demand, with subsidies, smaller down payments, mortgage rate cuts and relaxed purchase rules.

Improved profitability comes on the back of shrinking bad debts.

Struggling developer, which has $300 billion in liabilities, is offering special discounts with a target of 1-billion yuan in sales in upcoming holiday break

Some local developers are heeding Beijing's call and moving to asset-light businesses such as property services and commercial real estate to cut reliance on a high-debt, high-turnover model

Shares in the country's 30th-largest developer slid 10% in Monday morning trade while its bond prices also tumbled

Asia Financial identifies five more Chinese real estate companies – facing billions of dollars of debt and junk rating downgrades...

Ailing China Evergrande will recoup around $310 million of initial capital contributed and can now settle around $1.1 billion of liabilities

Asia Financial identifies five more Chinese real estate companies – facing billions of dollars of debt and junk rating downgrades – which are prime candidates for default in 2022

China Vanke Chairman Yu Liang revealed a 50% year on year slide in contracted property sales in January to $5.6 billion

Credit rating agency S&P Global ruled after the firm won approval from lenders to delay a $725m senior unsecured note payment due on Thursday