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By Clare Jim and Xie Yu HONG KONG (Reuters) -Shares of Chinese property developers rallied on Monday on speculation more stimulus measures are likely to be unveiled this week aimed at clearing inventory, boosting sales and lifting home purchase restric...
Shares of Chinese property developers rallied on Monday on market speculation that more stimulus measures are likely to be unveiled this week aimed at clearing inventory and boosting home purchase...
China Real Estate: Hong Kong's Hang Seng Mainland Properties Index jumped 4.3% in the morning session, while mainland China's CSI 300 Real Estate Index surged 6.9%, both to near four-month highs.
Shanghai-based developer, facing 61.86 billion yuan (US$8.5 billion) in debts, says it needs more time to consider restructuring plan amid slumping sales and slow asset disposal as the property market crisis grinds on.
Chinese real estate developer Zhenro Properties said on Friday it does not expect to be in a position to pay the $290 million principal amount on notes set to mature early next week citing tight...