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New Business

Shanghai launches clampdown on property market doom-mongering, targeting RedNote, Bilibili

Shanghai has launched a crackdown on online content that talks down the property market, as the sector remains mired in…

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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 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

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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New Business

China state-backed developers give back land they acquired when property market was hot

From Vanke to China Resources Land, a number of state-backed developers on the mainland have unloaded land that they accumulated…

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New Business

No cheer for developers as China’s new home sales projected to fall 15% in 2025: Fitch

China’s attempt to revive the local property market has helped stabilise sentiment among homebuyers, according to Fitch Ratings. They are…

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New Business

China’s Kaisa Group flags US$1.2 billion first-half loss amid home sales slump, write-down

Chinese developer Kaisa Group warned that it expected its net loss to widen for the first half, underscoring the troubles…

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