Expected reopening of boundary with mainland China after months of pandemic-related closure is likely to boost the city's real estate market

The move comes as parent group China Evergrande has reportedly found the funds for its latest payment deadline

The real estate group has the most offshore debt of any Chinese developer after Evergrande, which has liabilities of over $300 billion

The central bank's latest Financial Stability Report says the debt crisis in China's property sector could strain financial markets and affect the US by posing risks to global economic growth

The meeting between top officials and property developers and lenders came amid intensifying concern over a liquidity crisis in China's real estate sector

Some holders of US dollar bonds issued by Evergrande's Scenery Journey have reportedly not received interest due on Nov 6. That would have kicked off a 30-day grace period for payment.

Link said it will acquire the interests in the Queen Victoria Building, The Galeries and The Strand Arcade at the heart of Sydney CBD

Investors in the country's 13th-biggest property developer have been told the group's sales this year are set to be $6bn short of target

The repayment of Yango Group's 7.8% November 2021 bond will now be extended by one year, sources claim

Guangdong said its two biggest metropolises Guangzhou and Shenzhen must allocate at least 10% of land for rental housing to meet rising demand for homes

The group's shares plunged more than 15% on Thursday to an all-time low and the stock has fallen more than 70% this year

Real estate developer's shares hit an all-time low on Thursday. Weak sales and a missed payment have heightened worries about debt-strapped firm's liquidity crunch