Regulators will look into activities of insurers that are beyond the allowed investment scope, including those invested in commercial real estate projects
Shares of Chinese developer soared as much as 20% on Thursday on news it wants to extend maturity of a $400m bond by 18 months. Evergrande's EV unit also jumped 12%.
Debt-laden developer Kaisa plans an 18-month extension for its $400m dollar bond maturing on Dec 7, business intelligence group Redd said. Chengdu city moves to help developers' liquidity.
The policy will not take immediate effect – Beijing will first carry out pilot schemes in selected areas for the next five years
Offshore bondholders of the embattled Kaisa Group who did not receive coupon payments this month have tapped investment bank Moelis & Co to advise them how to proceed
Temasek subsidiary's deal comes at a time of booming demand for warehouses and logistics infrastructure in China and SE Asia as the pandemic spurs e-commerce
Banks are adjusting lending to reflect the latest central bank guidance of "meeting the normal financing needs" of the property sector
A flurry of asset sales and share placings, including some from Evergrande, has sparked hopes this week that the sector will be able to avoid a full-blown crisis
State-backed China Vanke’s sales fell 31% in October compared with 2020, while net profit declined by 23% to $884m in the third quarter amid property sector debt crisis
Cash-strapped developers move cautiously on land buying after tighter regulatory curbs on fresh borrowing
Company said it would 'speed up and conquer difficulties' to ensure projects are delivered on time and in line with quality standards
Funds with large holdings of Chinese real estate companies have been hit hard by the crisis spurred by Evergrande and debt-laden developers