China Construction Bank (Asia) Archives

Hong Kong grants Shimao a 4-week reprieve to work out debts, avert developer’s liquidation

Embattled Chinese developer Shimao Group Holdings has been given a four-week reprieve by a Hong Kong court giving it more time to secure lenders’ approval for its debt restructuring proposal, …

Evergrande founder’s Black’s Link mansion finds a buyer after year-long fire sale

by Anas Siddiqui

A mansion at one of Hong Kong’s most exclusive neighbourhoods found its buyer after a fire sale and 15 months on the auction block, offering a minor victory for China …

China property crisis: Dexin joins list of developers ordered to liquidate in Hong Kong

by Anas Siddiqui

It had 64.4 billion yuan (US$8.9 billion) of liabilities in total as of the end of 2023, according to its annual report. The liquidation order, which was issued by Justice …