Major Chinese cities have seen a rebound in home sales over the past month, as pent-up demand was unleashed after the roll back of stringent Covid curbs
The debt restructuring plan has not proven popular with Evergrande dollar bondholders, with one likening it to lending a bucket of rice and then being repaid back with two grains
Home sales by floor area in January-February dropped 3.6% from a year earlier, compared with a 24% decline for the whole of 2022
Data was in line with hopes for an economic revival led by consumption as flagging global demand weakened Chinese exports
China is home to 14 of the 15 global regions most vulnerable to climate change, with Jiangsu province, which accounts for a tenth of national GDP, the world's most vulnerable, major study says
Home prices in the territory dropped in 2022 with December seeing the seventh consecutive monthly decline
Prices in December declined 0.2% month-on-month, the fifth consecutive monthly fall and at the same pace as in November
The world's most indebted property developer has been struggling to repay its many creditors, making this a 'crucial year' for debt repayment
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%
The developer will issue 870 million new shares, or 3.6% of the enlarged share capital, at HK$3.25 each, to professional and institutional investors in the share sale
The beleaguered developer's two most senior executives submit their resignations after audit reveals involvement in improperly diverting funds
JPMorgan has raised its emerging markets corporate high-yield default forecast to 10.7% for 2022, and said on Thursday Chinese developers' default rate could be near 40%.