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The China News Database was last updated at 01:50PM on November 9, 2023.
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162 articles matching the search query.
China’s Provinces Struggle to Find Good Projects to Spend On
Real estate fallout continues: Local governments are struggling to decide which developments to fund; rising concerns about rampant debt have left them more concerned than usual about the profitability of their investments.
Central Bank Chief Says Evergrande Risks Are Controllable
Yi Gang, governor of the People’s Bank of China, says the risks posed by teetering real estate developer are isolated and systematic risks can be avoided
China’s Evergrande crisis: clock ticking as crucial debt default deadline looms
Evergrande fundraising deals fall through: With just three days to go before the developer defaults on its first offshore bond, two asset sales that would’ve raised $4.3 billion have been suspended.
China’s New Home Prices Fall for First Time in Six Years as Rules Bite
Average prices in 70 major cities edged down 0.08% in September from the previous month, the first such month-on-month decline since 2015.
Evergrande Risks to China Economy ‘Contained,’ IMF Official Says
The Evergrande crisis is “contained,” according to the IMF. Helge Berger, head of the fund’s China mission, “said on Bloomberg Television [that risks] in the property sector are contained to the sector at the moment, but authorities should keep monitoring in case they escalate.”
What One of China’s Biggest Property Companies Can Tell Us About Debt
If you want to avoid being seen to cross any red lines, you could simply go dark.China’s authorities have introduced the “ three red lines” targets as a way of trying to encourage the country’s vast real estate sector to deleverage. Companies who don’t meet the required thresholds under the new program — such as a 70% ceiling on the ratio of liabilities to assets — will have their growth restricted.While there are many ways of minimizing the appearance of debt on one’s balance sheet — including
China Evergrande to Sell Bank Stake to State-Owned Firm for $1.5 Billion
The deal is the latest sign that the country’s authorities are trying to help the property giant resolve some of its financial troubles.
Evergrande Losing Control of Bank Unit in $1.5 Billion Deal
China Evergrande Group is poised to lose control of its most valuable financial unit after agreeing to sell a bank stake for about 10 billion yuan ($1.5 billion), as the troubled developer scrambles to offload assets to address its debt crisis.
Evergrande Bondholders Mull Next Steps in Wake of Missed Payment
Foreign investors in the Chinese property giant’s debt face the challenge of navigating an uncertain, complicated international restructuring.
Sunac Isn’t Evergrande—but It Is on Shaky Ground
Property developers that partied the hardest during China’s housing boom are naturally set for a more painful hangover. China Evergrande is the most salient example. Investors fear that Sunac China could be another.
Sunac Leads Rebound in Chinese Property Stocks
The real-estate developer played down a leaked request for government help, and the country’s central bank said it wants healthy development of the property market.
China's Housing Bubble Is the Real Backdrop for Evergrande
Evergrande is just a symptom of far deeper problems.
Evergrande Worries Help Fuel Selloff at Chinese Developer Sunac
Investors sold down securities after a leaked document showed a Sunac China Holdings unit asking for government help to ease its liquidity difficulties.
China Evergrande Loses Support of Hong Kong Tycoon Amid Debt Crisis
Chinese Estates, which is controlled by Hong Kong billionaire Joseph Lau and his wife, Chan Hoi-wan, said it had recently pared its stake in Evergrande and it was seeking shareholder approval to potentially sell the remainder.
WSJ News Exclusive | China Makes Preparations for Evergrande’s Demise
Beijing, reluctant to bail out the country’s most heavily indebted property developer, is asking local officials across the country to prepare for a “possible storm.”
Iron-Ore Prices Buckle as Evergrande Adds to China Concerns
The property sector accounts for an estimated 25% of China’s steel demand and investors fear a sharp fall in construction activity.
Evergrande Is in Crisis, but a Risky China Still Beckons to Investors
Some U.S. money managers including Bridgewater and Pimco view a potential Evergrande default as a step toward tamping down risks in China.
What Is China Evergrande, and Why Is Its Crisis Worrying Markets?
The Chinese property giant’s debt load is teetering. Here’s a quick look at the crisis and the risks of a collapse.
Western Investors Bargain Hunt in China Bond Rout
Turmoil caused by China Evergrande is hitting bonds of other Chinese companies and spurring some emerging-market funds to buy.
China Evergrande’s Flagship Business Resolves an Onshore Bond Payment
Investors are waiting to see if the giant developer pays a coupon due Thursday on its U.S. dollar bonds.
