Kaisa's move may set an example for other distressed developers, including China Evergrande and Shimao, to bring in SOEs or local governments to restructurings

Sales of previously owned homes in 50 cities rose by nearly 7 per cent from the previous quarter, while sales in March saw a month-on-month increase of over 40 percent

Outstanding loans to the industry decreased at the end of 2021 from a year ago at 17 out of 32 leading banks listed on the Hong Kong stock exchange

US bank has warned that the combination of Russia's war in Ukraine and China's property crash could see the worst wave of corporate defaults since the global financial crisis

Shares of HDFC Ltd and HDFC Bank were up 7% and 6.4%, respectively, after the announcement

The world's most indebted property developer, with over $300 billion in liabilities, has restarted work on 734 developments in China, according to a WeChat post

The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) fell to 48.1 in March, indicating the steepest rate of contraction since February 2020

Hong Kong's currency peg means homebuyers could face fast-rising interest rates, because of its linked exchange system and upcoming US rate hikes, Nomura says

Shares of 14 Chinese developers and 18 other firms were suspended from trade by Hong Kong exchange on Friday for failing to declare results; many said audits were hit by Covid curbs.

A Thai hotel and resort company, Minor International, paid more than 60 million pounds ($79 million) in an auction to regain ownership of the group

The Shanghai-based company is managing to raise funds from capital markets while Kaisa Group, Sunac, China Aoyuan and Shimao Group suspended trading in Hong Kong

Activity in Chinese manufacturing and services simultaneously contracted in March for the first time since the height of the country's Covid-19 outbreak in 2020