As of the end of March, a number of real estate companies in China have announced that they will postpone the release of their 2021 annual results and therefore cease trading in their shares as of April 1. Experts believe that the downward trend of China’s real estate market will exacerbate financial pressure on the…
Chinese Real Estate Developer Kaisa’s Debt Defaults Reflect CCP Infighting: Expert
News Analysis Investors of Kaisa Group, one of China’s most active real estate developers, on Nov. 3 unexpectedly received a notice of overdue debt defaults from the company. A similarly unexpected default happened just one month earlier with another real estate developer, Fantasia Holdings. Ji Da, China affairs expert who lives in the United States,…
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