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

Shimao, which held a 26.7% stake in Guangzhou Asian Games City, said it sold its holdings to JV partner COLI for $290.65 million

Domestic and global fund managers are eyeing a buy-up of dollar bonds issued by Chinese developers that were beaten down by Beijing's campaign to cut debt in the sector

China's real estate sector will likely see "significant easing" in the policies that govern it, BNP Paribas Asset Management said, months after starting to build a long position in the sector's debt.

Developer said on Sunday it would appoint two new board members, including Liang Senlin, chairman of China Cinda (HK) Holdings, a unit of one of the country's four state asset managers

The fund, which includes the Abu Dhabi Investment Authority among its backers, will finance affordable housing projects across India

Evergrande seeks more financial and legal advisers, while Country Garden surprised with a new issue of $500 million in convertible bonds, after a similar attempt failed last week

Ad hoc group says it has seen no substantive response from developer with offshore creditors to formulate viable restructuring plan

China is drafting nationwide rules to make it easier for property developers to access funds from sales held in escrow accounts in its latest move to ease a severe cash crunch in the sector

Chinese developers have $117 billion worth of debt maturing in 2022, with $36 billion denominated in dollars. Some $58 billion is due in the first and second quarter.

Conglomerate says it bought back $5 million worth of its July 2022 notes and $5 million of its April 2026 notes from the open market

Property sales by floor area rose 1.9% year-on-year in 2021, slower than the 4.8% growth seen in January-November, the National Bureau of Statistics said