Out of the 70 cities surveyed by the NBS, 50 reported price falls in August, while new construction starts measured by floor area plunged 46% on-year, the biggest fall in almost a decade

Interest rates for three-year deposits were cut by 0.15 percentage points and rates for three-year certificates of deposit were also lowered by a 0.1 percentage point

News that officials in Guangzhou have allowed home price cuts of up to 20% in the city's highly regulated market sent shares of major construction companies soaring on Thursday.

A lender has seized China Evergrande's headquarters in Hong Kong after the hugely indebted developer defaulted on a loan and was unable to sell the 26-storey tower, the FT says.

Officials in Zhengzhou, a city in central Henan province, want to use special funds to begin work soon on stalled housing projects. Some builders being urged to declare themselves bankrupt

Petitions to wind up debt-laden companies have been filed against other Chinese property developers in Hong Kong, including China Evergrande Group

A group of seven companies including Shenyang Heping District State-owned Assets Management Company bought the bank stake in a court-ordered auction on Wednesday

The court approved an application by Evergrande on Monday and its major offshore credit group to adjourn the wind-up petition until November 7.

Prices of homes are expected to drop in China this year, while total sales could fall by about a quarter from last year, a new poll of economists has found

Banks have started to dial back their exposure to the ailing sector with total real estate loans rising just 3.3% this year while overall lending rose 7.9%

With bond defaults totaling over $50 billion, fund managers are choosing to cut their losses amid the mortgage payments boycott and plunge in home sales and prices

The world's second-biggest economy is set to slow again in the third quarter as Covid lockdowns across the country hit production