Leading property association will hold a meeting with members on Friday to assess the difficulties builders are facing across the country and advise on policy implementation
Bondholders said Evergrande hadn’t stumped up $150 million for a coupon payment due Monday, its third missed payment in as many weeks
Developers rush to delay payment deadlines, while Evergrande looks to have missed a third payment and Beijing is allegedly probing lenders' links to large builders
The Shanghai-based firm has total liabilities of $1.01billion as impact of China Evergrande’s struggles continues to be felt across country’s property sector
And another real estate firm, Modern Land, is seeking to delay repayment on a dollar bond in a bid to avoid a default as Evergrande’s struggles continue
Harbin unveiled moves Sunday to support developers amid the sector's debt crisis, vowing prompt return of some presale funds in state escrow accounts to cut cashflow pressure
Property bonds sink after Modern Land asks to delay maturity on bond due this month. Holders of offshore Evergrande bonds also await news on $148m in payments after missed Sept deadlines.
Investors hire lawyers in anticipation of announcement that troubled property developer will declare itself unable to meet obligations
Analysts estimate Evergrande's 'net gearing', as the ratio of debt to a firm's equity is known, was at least 177% at the end of the first half of the year, instead of the 100% its accounts reported.
The ''vulnerabilities in China's financial system remain elevated and authorities face a difficult balancing act,'' says the Reserve Bank of Australia.
Shares of Chinese Estates Holdings jumped as much as 32% on Thursday after it announced an offer to be taken private for $245 million.
Tighter rules on borrowing by private developers since last year have hit demand for land. The value of nationwide land sales fell 17.5% on year in August, a study of state data has found.