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CIFI

China property: Sunac, Country Garden projects among property developments added to local governments’ ‘whitelists’, to get financial support from banks

by Anas Siddiqui
China property: Sunac, Country Garden projects among property developments added to local governments’ ‘whitelists’, to get financial support from banks

While Beijing-based Sunac had 90 projects cleared for loan applications on Monday, Shanghai-based developers Shimao and CIFI had 16 and 18 projects, respectively, added to whitelists over the past week, …

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Distressed Chinese developer CIFI offers up new proposal hoping to slash US$7 billion offshore debt by half

by Anas Siddiqui
Distressed Chinese developer CIFI offers up new proposal hoping to slash US billion offshore debt by half

CIFI seeks to address its aggregate offshore indebtedness by “deleveraging the company’s consolidated balance sheet” to reduce its offshore debt to between US$3.3 billion and US$4 billion. The company also …

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