Jinbi Property Management Company has begun legal proceedings in a bid to recover deposit certificate pledge guarantees worth about 2 billion yuan

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

Police scrutiny of Evergrande, and now its chief, has complicated debt restructuring efforts by the world’s most debt-laden property developer

The developer's already battered Hong Kong-listed shares slipped more than 8% on Tuesday, taking the stock's losses to more than 27% in two days

The world's most indebted property developer said a regulatory probe into its main domestic subsidiary, Hengda, had halted the debt restructure

A former statistics bureau chief has gone public with his negative view of the country’s crisis-hit property sector

The ratings agency fears Beijing’s support measures won’t be enough to turn around the fortunes of the country’s real estate giants

The developer averted a catastrophic default this week at the very last minute but its offshore creditors warn there will have to be a debt restructure soon

On Friday, Evergrande said it had "adequately" fulfilled exchange guidance for the resumption of trade of its Hong Kong-listed stock

Country Garden, facing $192 billion worth of debt, is saddled with nearly 1 million unfinished homes in 3,121 projects spread across all of China's provinces

The struggling real estate giant posted a combined loss of $81 billion for 2021 and 2022, deepening investor doubts about the viability of the restructuring deal