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Vanke’s bondholders reject extension plan on 2 billion yuan of bonds, raising default risk

China Vanke failed to secure bondholder approval to extend by one year a bond payment due on Monday, a filing…

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New Business

China’s property managers pivot to elderly services and pet care amid real estate woes

China’s years-long real estate downturn is slowing growth and forcing China’s property managers to look for new sources of income,…

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New Business

China’s home prices continue slide as support measures fail to budge sentiment

A gauge of new home prices in China slid 0.3 per cent in July, adding to the steepest drop in…

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New Business

4 years after Evergrande crash, Chinese families are still stuck in ‘broken houses’

Rebecca Wei’s new home still looks like a construction site. The road running up to the high-rise housing complex in…

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New Business

China’s property slump may be bottoming, as analysts point to hopeful signs of recovery

China’s slumping property market may finally be reaching a bottom, as credit has resumed flowing to developers while the nationwide…

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New Business

China Evergrande nears delisting as 18-month trading suspension expires

China Evergrande Group is edging closer to delisting from the Hong Kong stock exchange, as the trading suspension imposed following…

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Cifi creditors approve US$7.9 billion offshore debt restructuring plan

Distressed Chinese developer Cifi Holdings won backing from a majority of creditors for a US$7.9 billion offshore debt revamp, a…

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New Business

As Guangdong GDP growth lags, is Jiangsu on track for No 1 spot in China?

The eastern Chinese province of Jiangsu, which topped the national economic growth table in the first quarter of this year,…

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New Business

Chinese developer Sunac reaches deal with key creditors on offshore debt revamp plan

Sunac China Holdings has reached an agreement with key creditors to restructure US$9.6 billion in offshore debt, marking another step…

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New Business

Chinese residents of Malaysian ‘ghost city’ and indebted developer spot a few green shoots

Resentments have been piling up for Louis Li since he moved from Guangzhou to a luxury home in Malaysia’s Forest…

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