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Sino-Ocean Group: The default adds to the debt woes plaguing the Chinese property sector as more liquidity troubles have surfaced this week despite policy support.
Covid-19 restrictions dragged on the profits of Hong Kong developers in the January to June period, with declines ranging from 40.5 per cent to 58 per cent, filings with the Hong Kong stock exchange on Thursday show.
About 120 new listings are expected to raise about US$42.3 billion in Hong Kong in 2022. Among these will be candidates that delayed their IPOs because of uncertain market sentiment last year.