Debt-stricken Chinese property developer CIFI Holding Group makes another loss-making asset sale, as the company grapples with a liquidity crunch and seeks to ‘survive and sustain under the crisis’.
Chinese banks asked to provide more liquidity support for property developers globalsecurity.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalsecurity.org Daily Mail and Mail on Sunday newspapers.
A market participant has made a move to push for a payout on credit default swaps tied to Country Garden Holdings, following reports the Chinese developer missed a bond coupon payment last week.