Clare Jim
Stories by Clare Jim
Country Garden faces liquidation petition in another blow to China’s property sector
The petition is set to revive homebuyer and creditor concerns about the Chinese property sector's debt crisis.
China Evergrande ordered to liquidate, owing $300b
The move will likely send ripples through China's crumbling financial markets as policymakers scramble to contain the deepening crisis.
Embattled China Evergrande back in court for liquidation hearing
A liquidation ruling of the developer, which has $240 billion of assets, would likely jolt China's fragile capital and property markets.
China’s Country Garden sells stake in Dalian Wanda unit for $428m
The proceeds will go towards the restructuring of the property developer's offshore debt.
HK’s New World Development shareholders to decide on sale of construction biz
The property developer would receive as much as $2.8b from the sale of NWS Holdings in a buyout deal.
Evergrande will struggle to revive its debt restructuring plan to stave off liquidation
Evergrande's initial $23b offshore debt restructuring plan was thrown off course last month.
Country Garden’s entire offshore debt to be in default if it misses payment today
Non-payment of this tranche is set to trigger cross defaults in other bonds as is standard in bond contracts.
Evergrande’s billionaire boss goes from power circles to police surveillance
Evergrande's total liabilities stand at more than $300b.
Country Garden warns of default risks, suffers record loss in first half
Country Garden posted a net loss between January and June of about $6.72 billion.
Guangzhou eases mortgage rules as China steps up efforts to revive property sector
The decision comes as some Chinese state-owned banks are expected to lower interest rates on existing mortgages.