Evergrande sells 30% stake in Shanghai North Bund project, as property sector worsens amid negative buyer sentiment

Country Garden said the sale of its holding in mall operator Zhuhai Wanda Commercial Management to Wanda Group should bring $428 million, which will go to the rejig of its offshore debt

In an agreement announced on Tuesday, Wanda Group has avoided having to repay $4.2bn to investors, who now control about 60% of its mall operating unit Zhuhai Wanda

The property firm is hoping to decrease its debt by about $6 billion to $7 billion amid a downturn in sales nationwide

Protests were staged in Hangzhou last week over Wanxiang Trust missing payments on investment products that are said to total several billion yuan

Hong Kong court gives embattled developer a further 8 weeks to finalise a revamped debt restructuring proposal; judge says plan needs support from all classes of creditors

Group's vice-president and chief financial officer are suspected to have been detained by authorities, who are now probing the shadow bank's dramatic implosion

The crisis-hit real estate giant, with more than $300 billion in liabilities, has until Monday to come up with a revised debt restructuring proposal, a judge ruled

Negative sentiment among factory managers appears to have become entrenched in the face of weak demand at home and abroad; the vast services sector also contracted for the first time in 12 months

Jinbi Property Management Company has begun legal proceedings in a bid to recover deposit certificate pledge guarantees worth about 2 billion yuan

The crisis at Zhongzhi threatens to reignite concerns that China's property debt crisis is spilling over into the country’s broader financial sector

Zhongzhi sent a note of apology to investors on Wednesday, saying it had liabilities of up to $64 billion. This has led to fears of debts spreading from the property crisis to the financial sector