Tag: Chinese property developer

Ex-Boyfriend of Former NSW Premier Faces Fresh Charge of Brokering for Chinese Property Developer

June 28, 2023
AustraliaBusiness & MarketsChinese property developerCompaniesDaryl MaguireGladys BerejiklianNew South WalesWorld
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Daryl Maguire, who allegedly committed visa fraud while serving as a New South Wales (NSW) MP, has been charged with making false and misleading evidence to a corruption inquiry involving a council in Sydney. On June 2, Maguire, a former member of parliament for Wagga Wagga in NSW and the ex-boyfriend of former NSW premier…

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Lower Interest Rates Unlikely to Stimulate China’s Property Market: Expert

September 1, 2022
ChinaChina Business & EconomyChinese property developerliquidityloan prime rate
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Amid a real estate developer debt crisis, China’s central bank consecutively lowered its Loan Prime Rate (LPR) in an attempt to stimulate sales in the property market. However, experts say that the move is unlikely to turn the market around. On August 22, the Chinese central bank lowered its Loan Prime Rate (LPR) for the…

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Chinese Property Developer Ronshine Misses Interest Payments on Two Bonds

July 10, 2022
Business & MarketsChinaChina Business & EconomyChinese property developereconomyInterest PaymentRonshine China Holdings
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HONG KONG—Chinese property developer Ronshine China Holdings Ltd. has not made interest payments on its June 2023 and December 2023 notes, totalling $27.9 million, in the latest blow to China’s embattled property market. Ronshine has not made payment of $12.798 million interest on the 8.1 percent senior notes due June 2023, which became due and…

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Desperate Chinese Property Developer Willing to ‘Swap Wheat for House’

June 22, 2022
Business & MarketsChinaChina Business & EconomyChinese property developereconomypaymentSocial Issueswheat
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HONG KONG—A desperate developer in China’s softening property market is coming up with a novel promotion to attract buyers, recently offering to take wheat and garlic as down payments. One advertisement of Henan-based Central China Real Estate that had “swap wheat for house” in the title says buyers can use the crop, priced at 2…

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Chinese Developer Kaisa Unit Misses Payment, Debt Worries Mount

November 5, 2021
Business & EconomyChinaChina Business & EconomyChinese property developerCompaniesKaisa Group HoldingsMarketsUS
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SHENZHEN, China/HONG KONG—Chinese property developer Kaisa Group Holdings Ltd. said on Thursday its finance unit had missed a payment on a wealth management product (WMP), adding to worries about a cash crunch at the debt-strapped company. Kaisa’s troubles come amid concerns about a deepening liquidity crisis in the Chinese property sector, with a string of…

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