Chinese property developer Kaisa Group Holdings Ltd said on Friday it failed to secure the minimum 95% approval it needed from offshore bondholders to extend the maturity of a $400 million note due next week, raising the risk of a default.
Chinese property developer Kaisa Group Holdings Ltd said on Friday it failed to secure the minimum 95% approval it needed from offshore bondholders to extend the maturity of a $400 million note due next week, raising the risk of a default.
Abu Dhabi's stock exchange, the Gulf's best performer this year, launched a derivatives market on Thursday which allows trading in single equity futures of some of the bourse's companies.
Beijing may tighten the management of home purchase payments held in escrow accounts to ensure the funds are used for property projects only, according to draft guidelines issued on Thursday.