The move, proposed in a new debt-restructuring plan for offshore bondholders with about $19 billion of debt, would involve shares in its property services and new-energy-vehicle units, sources say
The squeeze on business profits was underscored by factory gate prices contracting sharply this month, a sub-index in the PMI survey showed
HSBC’s finance chief said the bank still expected another couple of difficult quarters but the long-term outlook for the country’s real estate was positive
A Hong Kong judge said a decision on whether to wind up the debt-laden developer would be made on December 4, so the firm needs a revised restructuring plan before that date
The UK-based bank, which earns most of its revenue in Asia, lost $700m alone from its stake in China Bohai Bank
The developer missed an interest payment on another bond in August, as it follows the downward spiral of dozens of its peers, including Evergrande
China's parliament is set to approve just over 1 trillion yuan ($137 billion) in additional sovereign debt issuance when it concludes a five-day meeting on Wednesday
PBOC governor Pan Gongsheng said he will focus on bolstering domestic demand and neutralizing financial risks
The 433-hectare Wilton Greens project southwest of Sydney is mired in uncertainty because of the Chinese developer's debt woes and lack of critical infrastructure 82km from the city centre
Country's biggest private developer seems to have missed a payment deadline, which would put the group in default on $17 billion in offshore debt
China's GDP grew 4.9% in the July-September quarter from the year earlier, according to figures released on Wednesday by the National Bureau of Statistics
China's deepening property crisis has added to the pressure on local municipalities, with developers in no shape to buy new plots of land and provide some revenue