Moreover, the losses and defaults tied to the property crisis have not stopped Chinese lenders from supporting the country’s struggling developers. Bank lending to the sector, as measured by loans …
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, …
Chinese developer Country Garden Holdings is selling a minority stake in Zhuhai Wanda Commercial Management Group, China’s biggest shopping mall operator, to help repay mounting debt and ease a liquidity …
Some of the top executives of embattled Chinese property developer Country Garden Holdings are taking a pay cut for the third time since early 2022 as the company focuses on …