Cash-strapped major property developer China Vanke said on Thursday it had received a 20 billion yuan syndicated loan facility and it would continue to push forward other financing to boost its.
China Vanke Granted $2.8 Billion Onshore Syndicated Loan Facility usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
China's latest property market support package - its contents and what's at stake marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
HONG KONG (Reuters) -Shares of Chinese developers wobbled on Monday as investors fretted that China's "historic" steps to stabilise its crisis-hit property sector fell short of what is required to foster a sustainable turnaround in demand and confidence. Hong Kong's Hang Seng Mainland Properties Index closed down 0.7%, after having gained around 18% so far this month after the Politburo said in an April 30 meeting that it would coordinate to clear housing inventory. Embattled state-backed developer China Vanke eased 0.2%, after bouncing as much as 6.4% in the morning session.
A Hong Kong court on
Friday adjourned a hearing into a petition seeking liquidation
of Country Garden, giving a breather to the embattled
Chinese developer amid Beijing s efforts to revive.