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.
Developers, home buyers and Western bankers all ignored warning signs, but not two accountants who went looking for “financial anomalies” and “shenanigans.”
Landsea Green Management: Landsea has joined a growing list of Chinese developers facing a lack of liquidity because of a sustained fall in the value of property in the country.
China Property Crisis: China s property sector, a pillar of the economy, has lurched from one crisis to another since 2021 after a regulatory crackdown on high leverage among developers triggered a liquidity crisis.
Investors have been dumping China Vanke s shares and bonds in the past few weeks, triggering a rare central government directive to help the Shenzhen-based developer beat a liquidity crisis.