Shares of Chinese real estate developer Kaisa pop 20% after debt restructuring plan

Kaisa Group Holdings Ltd.’s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China’s property sector continues to face pressure. Kaisa’s Hong Kong-listed … Read more

Hong Kong’s Hang Seng to remove Evergrande from its China Enterprise index

A housing complex by Chinese property developer Evergrande in Beijing. The indebted Evergrande has remitted the funds for a key interest payment that was due Sept. 23 — ahead of a 30-day grace period, Chinese state media Securities Times reported. Noel Celis | AFP | Getty Images Read more about China from CNBC Pro Evergrande’s … Read more

China’s property market debt could weigh on the country for years, economist George Magnus warns

Vehicles drive by unfinished residential buildings from the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. Carlos Garcia Rawlins | Reuters The debt problems facing China’s property sector are likely to cause a period of stagnation which affects both the domestic and global economy, according to George Magnus, … Read more

Fed says China’s real estate troubles could spill over to the U.S.

Ornamental statues at China Evergrande Group’s Life in Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, Sept. 21, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — The U.S. Federal Reserve warned Monday of potential spillover from China’s real estate troubles to the U.S. financial system. Since this summer, … Read more

Chinese real estate developer Kaisa halts trading in Hong Kong, as debt concerns escalate

A few apartment buildings built at the Kaisa Shenzhen City Plaza project. Langi Chiang | SCMP | Getty Images Hong Kong listed shares of Chinese real estate developer Kaisa Group Holdings were halted on Friday, following news that it had missed a payment on a wealth management product earlier this week. It comes as investors … Read more

Shares of China properties listed in Hong Kong fall, as Kaisa and its units are suspended

SINGAPORE — Stocks in Asia-Pacific were mixed in Friday trade as shares in Hong Kong led losses among the region’s major markets. Hong Kong’s Hang Seng index dropped 1.6% in early trade. Mainland Chinese stocks also retreated, with the Shanghai composite down 0.37% while the Shenzhen component shed 0.14%. Shares of Chinese property developers in … Read more

Stagflation in China is a ‘very real’ risk in the next couple of quarters, says analyst

The risk of stagflation is “very real” in China over the next couple of quarters as factory gate prices rise at a quicker pace and an ongoing power crunch hurts economic growth, an analyst said Wednesday. Stagflation refers to a situation in which the economy simultaneously experiences stagnant activity and accelerating inflation. The phenomenon was … Read more

There’s a chance China might finally put taxes on property

Vehicles drive by unfinished residential buildings from the Evergrande Oasis, a housing complex developed by Evergrande Group, in Luoyang, China September 16, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China is closer than ever to taxing property owners, analysts say, nearly two decades after authorities began floating the idea. What’s changed is that Chinese … Read more

Evergrande sends funds for its $83.5 million bond interest payment, says Chinese media

A housing complex by Chinese property developer Evergrande in Beijing. The indebted Evergrande has remitted the funds for a key interest payment that was due Sept. 23 — ahead of a 30-day grace period, Chinese state media Securities Times reported. Noel Celis | AFP | Getty Images Evergrande has remitted the funds for a key … Read more

How Evergrande found itself on the wrong side of China’s regulators

High-rise apartment buildings at China Evergrande Group’s under-construction Riverside Palace development in Taicang, Jiangsu province, China, on Friday, Sept. 24, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese developer Evergrande made little progress toward complying with Beijing’s crackdown on real estate debt — until it was too late for investors who poured … Read more