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%.

The CSI300 Bank index fell as much as 3.3% in early trading, its lowest since March 2020, hitting banks and developers as the 'Stop Mortgage Repayment' protest spreads to over 100 projects