The former partner of the detained billionaire is asking Xu for the money, which includes principal and interest, according to the court filings. The case is not yet scheduled for …
An attempt to auction assets belonging to an onshore affiliate of mainland property giant China Evergrande Group, which was ordered by a Hong Kong court to be wound up earlier …
Property developer China Aoyuan Group said it has secured approval from a Hong Kong court to proceed with a restructuring involving more than US$4 billion of offshore debts and many …
Hywin Wealth, a Shanghai-based wealth management company with ties to embattled property developer China Evergrande Group, said it would look into missed payments on its investment products, after talk of …
Another month, another batch of bleak data for China’s crisis-ridden residential property sector. Average prices for second-hand homes fell 0.8 per cent in November, the sharpest monthly decline since October …
Beijing and Shanghai have rolled out a fresh round of stimulus measures – including cuts to down payment ratios and the extension of deadlines for mortgage repayments – as part …
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 …
China’s US dollar-denominated high-yield bonds, dominated by property debt, have landed investors a 22 per cent loss so far this year, after a 33 per cent slump in each of …
China is expected to see “healthy and sustainable growth” in the year ahead, even as it navigates the challenges of transitioning from a property sector-driven economic growth model to one …