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Global restructuring specialists Alvarez & Marsal and Houlihan Lokey have boosted headcount in Hong Kong as China's property crisis results in a surge in debt restructuring deals - making them a rare bright spot in hiring for the city's financial sector. China's property industry, a key pillar of the world's second-largest economy, has lurched from one crisis to another since 2021 after a regulatory crackdown on debt-fuelled construction triggered a liquidity squeeze. According to a Reuters tally, around 20 Hong Kong-listed Chinese real estate developers have defaulted on dollar bonds which would require them to enter into restructuring talks with creditors or face liquidation. ....
US Stock Market Dives amid China's Looming Property Market Crisis economywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economywatch.com Daily Mail and Mail on Sunday newspapers.
Evergrande hires restructuring advisers as Chinese property fears mount telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.