three red lines

New Business

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 second-half property outlook to pick up as slump recedes, Morgan Stanley says

China’s major property developers can expect their businesses to pick up in the remaining six months of this year as…

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New Business

Evergrande to exit Hong Kong’s stock market, in a milestone for China’s property crisis

China Evergrande Group on Tuesday said that its Hong Kong shares will be removed on August 25 following the stock…

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New Business

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

China’s new home prices stabilise as rate cut, lifeline funding lift market confidence

Home prices in major cities in mainland China stabilised, holding onto recent gains as lower borrowing costs and state-led measures…

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New Business

Debt-laden China Vanke gets US$215 million loan from state-owned stakeholder

Indebted property developer China Vanke has secured a 1.55 billion yuan (US$215.4 million) loan from state-owned Shenzhen Metro Group, offering…

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New Business

China’s home prices drop for 21st straight month as property recovery remains elusive

China’s new-home prices fell for the 21st straight month in February as a recovery continued to elude the key economic…

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New Business

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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New Business

Chinese cities must buy back more land faster to aid property developers, analysts say

Local governments in mainland China are speeding up their purchases of idle land from developers, but more cities need to…

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New Business

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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