The biggest money-laundering case found in Singapore has led to officials tightening oversight, but small terms given to 2 men who found guilty last week stirred anger online
The ailing real estate giant is being sued over its failure to repay a loan to state-backed China Construction Bank (Asia) amid a controversial debt restructure
Investors led by PE firm PAG have bought a 60% stake in property giant Dalian Wanda's mall unit, which runs close to 500 malls across China
Banks have been reluctant to deepen their exposure to the ailing real estate sector but regulators are pushing for speedier new loan approvals to developers
The creditors’ opposition to the proposal could be a major problem for the ailing property giant and China’s crisis-hit real estate sector
Sources say China's biggest developer, which went into default in October with debts of $190 billion, has hired Kroll to do a liquidation analysis; it could be the second giant builder to go under
Beijing wants its banks to “whitelist" selected real estate firms to help ease the sector's liquidity squeeze and encourage home purchases
Foreign investment into China fell 19.9% in the the first two months of 2024 from the amount in January-February last year to 215 billion yuan ($30 billion), the Commerce ministry said on Friday
British insurance giant and asset manager has put off its plan to seek obtain a business licence and halved its staff in China, sources say
Truong My Lan stands accused of fraud worth $20 billion, and her trial is part of a "blazing furnace" anti-bribery campaign by the leader of the ruling Communist Party
Investors are pouring their cash into safe financial products amid a continuing crisis in the country’s real estate sector
Hengda Real Estate said a CSRC probe found that it inflated revenues by $29.7 billion – half of the total – in 2019 and by $48.6bn in 2020