Debt

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For China’s private sector, Beijing’s long-sought decree seen as key to getting paid

Enough of China’s small enterprises have run up against insurmountable roadblocks in trying to collect payments for services rendered –…

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Some Hong Kong banks refuse mortgages for China Vanke’s Le Mont project in Tai Po

Standard Chartered, one of the city’s three currency-issuing banks, and Chong Hing Bank were not accepting mortgage requests from potential…

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Sino-Ocean wins Hong Kong court approval to proceed with US$6 billion debt workout

Sino-Ocean Group has taken another big step to resolve its liquidity crisis after a Hong Kong court approved its US$6…

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Mainland developer Greentown to issue US$350 million bond to refinance debt

State-backed developer Greentown China said it would issue a US$350 million bond to help refinance its existing borrowings, the first…

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Hong Kong’s NWD puts another 55 units at State Pavilia up for sale at a low price

NWD released the second batch of flats at its State Pavilia development in North Point on Sunday after more than…

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Hong Kong developer’s default could send shock waves through property market: S&P

The default of a major Hong Kong property developer could send shock waves through the broader sector and scuttle a…

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China Vanke’s management reshuffle signals bailout for troubled developer, analysts say

The Shenzhen government is likely to bail out China Vanke, allowing the troubled mainland Chinese developer to overcome its liquidity…

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Hong Kong developer New World claims ‘business as usual’ amid default rumours

Embattled Hong Kong developer New World Development (NWD) said Thursday night that it will continue to prioritise real estate development…

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Embattled Chinese developer Vanke suffers Fitch Ratings bond downgrade

Fitch Ratings downgraded some of developer China Vanke’s bonds deeper into junk territory, adding to the list of challenges that…

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China developer Vanke’s shares drop amid reports of CEO detention by police

Shares of beleaguered state-backed developer China Vanke fell by more than 8 per cent between Thursday’s market close and Friday…

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