Chinese real estate
First Chinese city eases second-home buying curbs
In an attempt to rescue its property market, Zhengzhou, the capital of central Henan province, has become the first city in China to relax the curbs on second home purchases. The local authority has announced 19 measures to support real estate development. The notice guides financial institutions to provide more housing ...
China’s real estate developer Fantasia’s January sales down 78% year-on-year
According to the latest data released by Chinese real estate developer Fantasia Holdings, in January 2022, the company sales were only about 510 million yuan (80 million dollars), a sharp decrease of 77.76% compared with 2.294 billion yuan (360 million dollars) in the same period in 2021. According to the "Freedom ...
Chinese developer Hopson bonds drop as PwC auditor quits
PricewaterhouseCoopers (PwC) auditor of Chinese developer Hopson Development Holdings resigned on Friday, January 28th. According to Bloomberg, Hopson said the auditor left because the company failed to provide enough documents such as those on its "accounting treatment of certain of the Group's equity investments and property projects and the valuation of ...
Real estate crisis: Could it lead to the collapse of the Chinese regime?
The crisis of the Chinese real estate giant Evergrande implies something much more serious than the simple collapse of a real estate company. As the crisis deepens, it is becoming clear that what is really crumbling is an entire real estate system based on economic speculation and not on real ...
China’s Kaisa Group Holding under audit on order of Guangdong government
According to Caixin, auditing firm Pricewaterhouse Coopers (PwC) examined Kaisa Group Holdings' assets on behalf of the Guangdong provincial government to analyze the company's financial situation. Kaisa is one of a raft of liquidity-squeezed property developers in China. PwC has requested Kaisa entities to submit project information such as loan contract ...
In 70 Chinese cities: 80% of new house prices fell in November
Housing price declines are on the rise in China. In November, house prices in 70 cities continued to drop to their lowest levels. The number of cities experiencing this condition continues to grow. Zhang Dawei, the chief analyst at Centaline Property, said, "This is the worst housing price data from the ...
Kaisa’s Stocks suspended from trading, company begins to restructure $12 billion debt
Chinese property developer Kaisa Group has begun restructuring $12 billion worth of foreign debt. It will be one of China's most significant debt restructures. The move comes after the group missed a bond payment deadline this week Reuters reported on Dec. 9. After China Evergrande Group, Kaisa is the second company ...
China: November real estate trade sinks to the lowest mark in 10 years
China's Zhongxin Jingwei media posted on Dec. 7 that E-House Real Estate Research Institute has released the New Commercial Housing Transactions Report for November 2021. In November, 40 cities, including big cities like Beijing, Shanghai, Guangzhou, and Shenzhen, sold a total volume ...
Another Chinese developer falls into a debt crisis, Aoyuan lost $2.51 billion in 6 months
The Aoyuan Real Estate Group stock price on the Hong Kong Exchange Market has dropped about 80% compared to 6 months ago. As a result, about $2.51 billion in market value has evaporated. Since mid-October, three renowned international credit rating agencies Fitch, Standard & Poor's, and Moody's, have continuously downgraded ...
Sunshine 100, a Chinese real estate developer, suddenly defaulted on foreign debt
The recent real estate industry crisis continues in China. Developer Sunshine 100 released a document stating its inability to pay its debts. Sunshine 100 could not pay the principal and interest of a $179 million bond, and the company defaulted on Dec. 5. Earlier this year, Sunshine 100 first issued a warning in August, ...
Chinese real estate Kaisa Holdings on the verge of bankruptcy, stock price drop 75% in 2021
Kaisa Group is the second-largest issuer of U.S. dollar bonds among Chinese property developers, as reported on Friday, December 3rd. Kaisa's closing price fell 8.82%. This is far below the 0.09% drop in Hong Kong's Hang Seng Index, cumulative this year it is down 75%. The group previously stated that it had ...
China’s economic transformation has come to a halt
China's economic development is currently decreasing, but the country's internal problems have long been unaddressed. China's third-quarter economic growth was 4.9 percent, and analysts predict that future growth would be considerably worse, with some even predicting that GDP growth in the fourth quarter will fall 4 percent or less. China's economic growth ...
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U.S. enemy No. 1 is Chinese Communist Party, officials warn
Children's math problem caused heated debate online; Kindergarten accused of using dirty food
Chinese regime on the brink: Chinese millionaires flee to Singapore
The rich Chinese flee, experts say the problem is in China’s institutions
U.S. alleges China’s largest cable maker helped ZTE conceal Iran association
‘China's Hawaii’ tragedy: flights canceled, shops shut down, COVID tests under heavy rain
Former US official critical of Chinese official
German media: What if China uses the energy transition as a bargaining chip?
Mainland finance manager involved in fraud changed her life in prison
China’s ‘chained woman’ case reawakened: Chinese star wears thought-provoking dress to award
4 signs that China's efforts may not stop economic slowdown
Chinese mom causes outcry: says teacher not good enough, he rides a bike
400 million Chinese people cut ties with Chinese Communist Party to free themselves from its control
Grueling 60 hours for nearly 300 tourists escaping China’s Sanya City
Sanya lockdown: Family of 13 to spend 180,000 yuan for 7 days after their flights are canceled
Chinese police burn money for fun; Temporary lockdown in Haikou; Heat wave hits Henan
Hong Kong on alert for malaria cases, a real emergency or a strategy of the Chinese regime?
U.S. says China is main source of fentanyl; ‘unacceptable’ for it to stop anti-drug cooperation
Epidemic in Hainan has spread to 4 other localities: Three more cities lockdown
Lithuanian deputy minister of transport visits Taiwan: Pelosi's visit effect
Chinese chip industry nightmare: Chips never produced and vast amounts of investment disappear
China’s top real estate firm, R&F property in crisis: loss of $2.4 billion, default of $4.4 billion
Jokes go viral in China because of Pelosi’s trip
Sanya: Police come to ‘stabilize order’ at the airport, have to stay even with a $10,000 ticket
China enduring prolonged heat waves: Power supply threatened as the industry suffers
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![U.S. enemy No. 1 is Chinese Communist Party, officials warn]()
U.S. enemy No. 1 is Chinese Communist Party, officials warn
-
![Children's math problem caused heated debate online; Kindergarten accused of using dirty food]()
Children's math problem caused heated debate online; Kindergarten accused of using dirty food
-
![Chinese regime on the brink: Chinese millionaires flee to Singapore]()
Chinese regime on the brink: Chinese millionaires flee to Singapore
-
![The rich Chinese flee, experts say the problem is in China’s institutions]()
The rich Chinese flee, experts say the problem is in China’s institutions
-
![U.S. alleges China’s largest cable maker helped ZTE conceal Iran association]()
U.S. alleges China’s largest cable maker helped ZTE conceal Iran association
-
![‘China's Hawaii’ tragedy: flights canceled, shops shut down, COVID tests under heavy rain]()
‘China's Hawaii’ tragedy: flights canceled, shops shut down, COVID tests under heavy rain
-
![Former US official critical of Chinese official]()
Former US official critical of Chinese official
-
![German media: What if China uses the energy transition as a bargaining chip?]()
German media: What if China uses the energy transition as a bargaining chip?
-
![Mainland finance manager involved in fraud changed her life in prison]()
Mainland finance manager involved in fraud changed her life in prison
-
![China’s ‘chained woman’ case reawakened: Chinese star wears thought-provoking dress to award]()
China’s ‘chained woman’ case reawakened: Chinese star wears thought-provoking dress to award
-
![4 signs that China's efforts may not stop economic slowdown]()
4 signs that China's efforts may not stop economic slowdown
-
![Chinese mom causes outcry: says teacher not good enough, he rides a bike]()
Chinese mom causes outcry: says teacher not good enough, he rides a bike
-
![400 million Chinese people cut ties with Chinese Communist Party to free themselves from its control]()
400 million Chinese people cut ties with Chinese Communist Party to free themselves from its control
-
![Grueling 60 hours for nearly 300 tourists escaping China’s Sanya City]()
Grueling 60 hours for nearly 300 tourists escaping China’s Sanya City
-
![Sanya lockdown: Family of 13 to spend 180,000 yuan for 7 days after their flights are canceled]()
Sanya lockdown: Family of 13 to spend 180,000 yuan for 7 days after their flights are canceled
-
![Chinese police burn money for fun; Temporary lockdown in Haikou; Heat wave hits Henan]()
Chinese police burn money for fun; Temporary lockdown in Haikou; Heat wave hits Henan
-
![Hong Kong on alert for malaria cases, a real emergency or a strategy of the Chinese regime?]()
Hong Kong on alert for malaria cases, a real emergency or a strategy of the Chinese regime?
-
![U.S. says China is main source of fentanyl; ‘unacceptable’ for it to stop anti-drug cooperation]()
U.S. says China is main source of fentanyl; ‘unacceptable’ for it to stop anti-drug cooperation
-
![Epidemic in Hainan has spread to 4 other localities: Three more cities lockdown]()
Epidemic in Hainan has spread to 4 other localities: Three more cities lockdown
-
![Lithuanian deputy minister of transport visits Taiwan: Pelosi's visit effect]()
Lithuanian deputy minister of transport visits Taiwan: Pelosi's visit effect
-
![Chinese chip industry nightmare: Chips never produced and vast amounts of investment disappear]()
Chinese chip industry nightmare: Chips never produced and vast amounts of investment disappear
-
![China’s top real estate firm, R&F property in crisis: loss of $2.4 billion, default of $4.4 billion]()
China’s top real estate firm, R&F property in crisis: loss of $2.4 billion, default of $4.4 billion
-
![Jokes go viral in China because of Pelosi’s trip]()
Jokes go viral in China because of Pelosi’s trip
-
![Sanya: Police come to ‘stabilize order’ at the airport, have to stay even with a $10,000 ticket]()
Sanya: Police come to ‘stabilize order’ at the airport, have to stay even with a $10,000 ticket
-
![China enduring prolonged heat waves: Power supply threatened as the industry suffers]()
China enduring prolonged heat waves: Power supply threatened as the industry suffers
