Chinese developers bonds plummet as facing difficulties in fund

Economy 02/17/22, 17:35

Chinese property developer bonds fell on Tuesday, while the Hang Seng mainland properties index fell 1.4% and the CSI300 real estate index fell 1.1%, according to Reuters. The Shanghai Stock Exchange's list of the day's biggest losers was dominated by onshore bonds issued by Logan Group Co. and Shimao Group Holdings ...

Jianye Property Group might lay off 61% of its workforce

Economy 02/12/22, 16:52

According to a Jianye Group internal announcement obtained on Feb. 10, the company plans to streamline its departments, keeping around 410 staff, a reduction of more than 650 people, or 61.2%. Its property sales have declined since July 20, with sales and returns reduced by nearly $470 million compared to its ...

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