Category: Chinese property developers

Unfinished Buildings in China Put Trillions of Chinese Bank Loans at Risk

August 16, 2022
ChinaChina Business & Economychinese bank loansChinese property developersdebt crisisevergrandeFinance & Business TiesFortune Global 500mortgage strikereal estate marketSpecial Topicsunfinished buildings
0 Comment

Amid the real estate debt crisis, China Evergrande Group and two other Chinese property giants have fallen from the 2022 Fortune Global 500, reducing the number of Chinese property developers to five from eight last year. Fewer Chinese developers in the Global 500 reflect the collapsing Chinese real estate market as domestic demand and home…

Read More

More Chinese Property Developers Delay Earnings Reports, Deepening Market Concerns Over Sector’s Woes

March 24, 2022
Business & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChinese property developersearningsevergrandeKaisa
0 Comment

A growing number of Chinese property developers this week said they will be unable to publish audited 2021 earnings statements on time, deepening market concerns over the sector’s financial troubles. Indebted Kaisa Group Holdings Ltd. became the latest developer to disclose that it will most likely miss the deadline for reporting audited financial results due…

Read More

China’s Kaisa Struggles for Relief From Bondholders as Default Risk Looms

December 2, 2021
bondholdersChinaChina Business & EconomyChinese property developersKaisa Group Holdings
0 Comment

HONG KONG—Chinese developer Kaisa Group Holdings Ltd. is unlikely to win bondholders’ approval to extend the maturity of a $400 million bond due next week, analysts say, heaping more pressure on other indebted peers. Kaisa’s proposal to delay the maturity of the bond by 18 months comes against the backdrop of growing creditor concerns about…

Read More

Chinese Property Developers Sell Shares As Default Woes Deepen

November 20, 2021
ArchivedBusiness & EconomyChinaChina Business & EconomyChinese property developersCompaniesdefaultevergrandeNews
0 Comment

Chinese property developers are stepping up efforts to raise cash through share placements and stake sales, as they look for ways to alleviate the historical liquidity squeeze. Surging yields in the offshore bond market have made it difficult for Chinese developers to refinance, and declining home sales have added to the gloom. Debt default woes at cash-strapped developers…

Read More