The Shanghai Stock Exchange briefly suspended trading of one of Chinese property developer Shimao’s bonds on Monday, following Friday’s suspension of trading in the firm’s five other bonds due to severe declines. The trading halt came as Shimao’s unit in Shanghai defaulted on a loan after missing a payment of over $100 million last week,…
Shimao’s Default Deepens Concerns Over Cash Crunch in Chinese Real Estate Industry
January 11, 2022
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Business & Economycash crunchChinaChina Business & Economychinese developerChinese real estateCompaniesdebt defaultreal estateshimao
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Aussie Residents Outraged by Chinese Developer’s Restrictive Access of Keswick Island
Residents of Keswick Island, an island off the northeast coast of Queensland, have expressed opposition and concerns over restrictive access and mismanagement by a Chinese developer, claiming a breach in the terms of the lease. A petition to call on the Queensland government to rescind China Bloom’s leasehold, as well as a protest that occurred…
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