China's property sector
3 Chinese property developers take a hit amid debt crisis
Bloomberg reported on Thursday that Shimao is seeking to defer repayment on high-yield trust products of about $947 million for three years, including $207 million due this month and $740 million maturing between April and August. On the same day, its 4.75 percent dollar bond due on July 3 fell 2.4 ...
S&P warns China’s property loan rate could double in the second half of the year
In a report published on December 15th, Standard & Poor warned that the non-performing loan, or NPL, rate of the Chinese banking industry could double by the end of 2021. S&P expected the NPL ratio of the Chinese banking industry would climb 5.5% as December wraps up. The rate was 2.5% ...
China’s property woes spell trouble for prestige mega-projects overseas
China's property sector tragedies could cause difficulties for prestigious giant projects in London, New York, Sydney, and other top cities as the developers behind them scramble for cash, Reuters reported. While China's "debt-bomb" Evergrande has dominated the crisis, the risk to multi-trillion dollar global property markets comes from some of its ...
End of content
No more pages to load
