Deadbeat developer debt collection enters new phase with Shimao liquidation
China Construction Bank’s request to liquidate Shimao shows that state-owned banks are starting to take legal action to recover their money from the debt-ridden industry Key Takeaways: A unit of…
Shangri-la finds new life in tourism industry rebound
The high-end hotel operator ended three years of losses with a return to profits last year, buoyed by a post-pandemic rebound in global travel Key Takeaways: Shangri-la earned a profit…
Ailing property market got you down? Not if you’re KE Holdings
The integrated online and offline real estate broker returned to the black last year and paid a generous dividend despite operating in China’s weak property market Key Takeaways: KE Holdings…
E-House rebuilding hits snag as rights plan stalls
The setback has added new uncertainties to the online real estate agent’s ongoing restructuring Key Takeaways: E-House’s restructuring has stalled over its inability to use one of its key assets…
Evergrande brings down the house on wild era for China property
International bondholders have low expectations for recouping their money as the world’s most indebted developer is finally ordered to liquidate Key Takeaways: How much international investors can recoup from Evergrande’s…
Country Garden’s trumpeted overseas house crumbles
The debt-hobbled former property leader is quietly exiting its many overseas projects to raise cash, as it also faces policy uncertainties abroad Key Takeaways: Country Garden is negotiating to sell…
Aoyuan gets relief from debt restructure, as its fate stays tied to property market
Several courts have approved the struggling developer’s offshore debt restructuring plan, which will save Aoyuan billions of dollars in interest payments Key Takeaways: Aoyuan has restructured its offshore debt with…