China authorized property tax trials in some areas that if rolled out broadly would signal a profound shift for its economic model.
Chairman Hui Ka Yan predicts that electric vehicles will be the group's top focus in the years ahead, but many analysts say Evergrande may be lucky to survive the year, let alone the next decade.
Slump will add pressure on local authorities, who depend partly on real estate auctions for income
Evergrande paid interest on a US dollar bond two days before a deadline, the state-backed Securities Times reported. But it still has a mountain of debt to pay.
Embattled property development company remits $83.5 million in coupon payments to a trustee account at Citibank on Thursday
Bid to buy 50.1% of Evergrande Property Services for HK$20 billion failed when embattled developer rescinded the sale
Developer wins a 3-month extension on maturity of a $260m bond, but it has scrapped a deal to sell a 50.1% stake in its property services unit to Hopson, so chances of it avoiding default look unlikely.
An office building, logistics park, plots of land and equity in financial companies are up for grabs
Hong Kong stock exchange filing says talks with Hopson Development Holdings were terminated last week
The property giant is desperately looking to raise funds to pay its many lenders and suppliers, as it teeters on the edge of a formal default on one of its international bonds
Chill in China's property market intensifies in the wake of tightening credit due to ongoing deleveraging and the crackdown on speculative investment.
China’s securities regulator will permit Dalian Wanda Group’s commercial property management unit to apply for a Hong Kong listing, Caixin...