Defaulted Chinese developer Country Garden Holdings is looking to dispose of a stake in chip company ChangXin Memory Technologies (CXMT) via its venture capital arm as it struggles to repay …
Agile Group Holdings slumped after the mainland Chinese developer failed to pay interest on an offshore bond, underscoring the sector’s continuing struggle with liquidity pressure despite Beijing’s supportive measures. The …
China could face a third wave of corporate bond defaults at home and abroad this year, as high financing costs, slow economic growth and tight government policies heap pressure on …
Reporters of the South China Morning Post won gold in two award categories at the Hang Seng University’s 8th Business Journalism Awards. The Post’s veteran journalist Enoch Yiu won gold …
Some of China’s largest insurers are sounding the alarm over the debt risks of China Vanke, according to people familiar with the matter, as shares and bonds of the firm …
Any step by China to allow banks to provide unsecured loans to qualified developers “would be a risky move” for the lenders, according to JPMorgan Chase. Such a measure “would …
Chinese regulators are urging banks to ramp up financing support for property developers, but the benefits might be felt differently among developers as banks – given some wriggle room to …
Zhongzhi Enterprise Group, one of mainland China’s largest shadow banks, has warned investors that it is unable to repay its debts, setting off alarm bells in the trust sector which …
China’s leading real estate firms have reported nearly USD 3 billion in foreign exchange losses for the first half of this year, primarily due to the depreciation of the yuan …