Sunday, January 23, 2022
Home > China Evergrande Group

China’s real estate problems are spreading even to once-healthy developers

InterContinental Shanghai Wonderland, a luxury hotel developed by Shimao and managed by IHG, opened in 2018 and is pictured here on Oct. 11, 2020.Costfoto | Future Publishing | Getty ImagesBEIJING — One of China's healthiest real estate developers has reportedly defaulted, a sign of how more pain is ahead

Read More

China Evergrande says contracted sales dropped 38.7% in 2021

An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018.Bobby Yip | ReutersBEIJING — Indebted property developer China Evergrande's contracted sales plunged last year as the real estate giant struggled to repay creditors.A filing Tuesday showed the company's contracted sales of properties totaled 443.02 billion

Read More

Evergrande slides into default while some ratings agencies keep quiet

An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018.Bobby Yip | ReutersBEIJING — Indebted property developer China Evergrande defaulted this week with hardly a ripple in markets as most institutions remained silent.Late Thursday, Fitch Ratings said Evergrande had not confirmed payment of its latest

Read More

China’s real estate uncertainties persist, fueling market anxiety

Listings of apartments for sale displayed at a real estate office in Shanghai, China, on Monday, Aug. 30, 2021.Qilai Shen | Bloomberg | Getty ImagesBEIJING — Wild swings in Chinese real estate stocks and bonds are keeping investors on edge — these news headlines could cause troubles in the

Read More

Shares of Chinese real estate developer Kaisa pop 20% after debt restructuring plan

Kaisa Group Holdings Ltd.'s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021.Qilai Shen | Bloomberg | Getty ImagesBEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China's property sector continues to face

Read More

Evergrande default is highly likely, S&P says

The logo of China Evergrande is seen at outside China Evergrande Centre building in Hong Kong, China September 23, 2021.Tyrone Siu | ReutersBEIJING — Highly indebted property developer China Evergrande will likely default because the company has essentially lost its main business, S&P Global Ratings analysts said in a

Read More

Evergrande shares slip after deal to raise $273 million in a business sale

An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018.Bobby Yip | ReutersThe sale of HengTen is Evergrande's latest effort to raise capital. The deal is worth 2.13 billion Hong Kong dollars ($273.2 million), with 20% — or $54.6 million — due within five business

Read More

China’s property market could see more pain, even as Evergrande crisis seems to be abating

People look at models of houses at the 2021 Dalian autumn real estate fair at Dalian World Expo Center on October 15, 2021 in Dalian, Liaoning Province of China.Liu Debin | Visual China Group | Getty ImagesBEIJING — Worries about Chinese real estate developers' high debt levels have rattled

Read More

Chinese real estate developer Kaisa halts trading in Hong Kong, as debt concerns escalate

Kaisa Group Holdings Ltd. logo displayed on a smartphone screen.SOPA Images | LightRocket | Getty ImagesHong Kong listed shares of Chinese real estate developer Kaisa Group Holdings were halted on Friday, following news that it had missed a payment on a wealth management product earlier this week.It comes as

Read More

Shares of Singapore’s top banks jump ahead of third-quarter earnings

View of the Singapore Central Business District.Suhaimi Abdullah | Getty Images News | Getty ImagesSINGAPORE — Shares of Singapore's top banks jumped in the lead-up to their third-quarter earnings this week as the global economic recovery gains momentum.OCBC and UOB are scheduled to kick off third-quarter earnings season for

Read More