Country Garden Holdings

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China Vanke hit with fresh S&P downgrade amid mounting default concerns

Global ratings agency S&P has downgraded China Vanke, as the troubled developer grapples with mounting debt and fragile cash flow,…

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New Business

China’s property market poised to decline at least through 2026, S&P analyst says

China’s vast property market is expected to continue to decline at least through the next year, according to S&P Global…

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SCMP wins 5 prizes at State Street’s 2024 Press Awards in one of the event’s biggest hauls

South China Morning Post reporters were recognised in five categories at State Street’s 2024 Asia-Pacific Institutional Press Awards, winning one…

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Sunac China warns of US$3.6 billion loss as housing slump hurts sales, assets

Property developer Sunac China warned investors that losses in 2024 could triple, a year after reorganising its defaulted debt with…

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China property crisis: Hong Kong court orders Evergrande and HNA units to liquidate

A key offshore financing unit of China Evergrande Group was ordered to wind up on Monday, while a court hearing…

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China’s property slump is not over yet with home sales, rents under pressure: Fitch

China’s property market downturn is likely to persist this year with slower home sales and construction activity, hobbled by “structural…

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Hong Kong court adjourns Country Garden liquidation-petition case until May 26

Justice Linda Chan adjourned the case until May 26 after hearing a petition from Ever Credit, a unit of Hong…

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Home prices in China’s biggest cities stabilise under Beijing’s stimulus measures

New home prices across mainland China in December registered the smallest month-on-month decline since June 2023, propelled by Beijing’s stimulus…

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Indebted developer Sunac China faces liquidation threat in Hong Kong

A liquidation petition was filed against indebted developer Sunac China Holdings in Hong Kong amid its efforts to restructure its…

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New Business

Shanghai lived-in home sales hit 4-year high as incentives kick in

Lived-in home transactions in Shanghai hit a four-year high last month after mainland China’s commercial and financial hub relaxed purchase…

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