Powerlong Real Estate: In an exchange filing, Powerlong also said it has not made an interest payment of $15.9 million under 5.95% senior notes due April 2025 issued by the company. These notes are listed on the Singapore Exchange.
Country Garden Holdings: One of the biggest players in China s property industry, Country Garden has racked up debts estimated in June at 1.36 trillion yuan ($191 billion).
China Property Crisis: The People s Bank of China would inject funds in phases through policy banks with the money ultimately trickling down to households for home purchases, the people said, asking not to be identified discussing a private matter.