debt crisis

New Business

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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New Business

China has more tools in ‘reserve’ to face economic headwinds amid Trump threats

Beijing has pledged to deploy more fiscal and monetary tools if need be, underlining its “unwavering” resolve to ensure growth…

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New Business

Hong Kong developer New World plans to launch ‘Front Tower’ office building in Hangzhou

NWD, one of the most indebted developers in Hong Kong, said on Monday that it planned to launch Front Tower,…

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New Business

Shanghai’s Temple Square mall sells below valuation in auction amid debt crisis

China’s commercial property market set another marker after a bankrupt state-linked developer sold Temple Square, an abandoned shopping complex in…

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New Business

Hong Kong’s CTF Services to issue US$100 million in convertible bonds

CTF Services, the infrastructure development arm under Chow Tai Fook Enterprises (CTFE), owned by one of Hong Kong’s richest families,…

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New Business

Opinion | Can Global South and G20 lead new era of poverty reduction?

The absence of US President Joe Biden from the G20’s first group photo is perhaps emblematic of what the world…

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