Evergrande: Crisis-hit property giant faces deadline after bosses quit
The Chinese property firm is expected to deliver a preliminary restructuring plan this week.
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The Chinese property firm is expected to deliver a preliminary restructuring plan this week.
China Tightens Oversight of Pre-sale Funds to Prevent Unfinished Homes
The mortgage boycott has aggravated the real estate crisis that has already hit the economy
Leading banks and industry experts on Thursday downplayed fears over perceived risks to China's financial system from the suspension of mortgage payments by homebuyers in certain smaller cities across the nation.
Debt-laden China Evergrande Group said on Tuesday that a winding-up petition will not affect the group's restructuring schedule, while experts said the petition does not necessarily mean bankruptcy for the property developer.