The spillover effect of China Evergrande Group's debt problems on the banking system is controllable, a central bank official said on Friday, in rare official comments on a liquidity crisis at China's No. 2 developer that has roiled global markets.
Representatives from 10 Chinese property companies met government regulators to ask for an "appropriate loosening" on policy restrictions, financial news outlet Yicai reported late on Friday.
Evergrande Group's chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion in debts.
Chinese state-owned Yuexiu Property has pulled out of a proposed $1.7 billion deal to buy China Evergrande Group's Hong Kong headquarters building over worries about the developer's dire financial situation, two sources said.
Four investors submitted offers to acquire a sprawling former U.S. military base on the island of Crete and turn it into a seaside tourist resort with an entertainment park, Greece's privatisation agency (HRADF) said on Friday.