Fitch said weaker new home sales will weigh on developers' land replenishment. The ratings agency expects nationwide residential property sales to fall 10%-15% in 2022.
Evergrande shares slumped on Thursday after the developer's thinly detailed restructuring plan left investors dissatisfied, while its indebted peers also fell on concern over higher interest rates
Apple Inc achieved its highest-ever market share in China in the fourth quarter, when it was the top-selling vendor for the first time in six years
Financial authorities fear the boom in crypto trading could destabilise the economy and want to limit its impact on the economy.
Tencent Holdings plans to take DouYu International private amid disagreements over strategy, regulatory hurdles and a plunge in the company's share price, sources say
China Resources Land secured $3.64 billion in credit for real estate acquisitions on Wednesday, and other state developers completed bond sales worth 2.29bn yuan for the same purpose.
Hong Kong, Shanghai, Singapore, Wellington, Jakarta and Bangkok rose, while Tokyo, Seoul, Taipei and Manila edged down. Sydney and Mumbai were closed for holidays.
Chinese state-owned property firms are expected to acquire more assets from cash-strapped private developers, as Beijing steps up efforts to stabilise and tighten control over crisis-hit sector
Sources said Shein founder Xu was eyeing Singapore citizenship partly to bypass China's new and tougher rules on overseas listings, as it could ease the path to an offshore IPO
China's 2021 fiscal revenues rose 10.7% to 20.25 trillion yuan ($3.2tn). Vice Finance Minister Xu Hongcai said greater tax and fee cuts would be unveiled in 2022 to relieve pressure on economy
Australian PM Scott Morrison has been blocked from his WeChat account. Tencent said it may be 'a dispute over account ownership' while colleagues say it is 'foreign interference'
Singapore's Temasek Holdings has agreed to buy Element Materials Technology for about $7 billion, as it sees a chance to boost growth at the testing and inspection services provider, sources say