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Unleashed Bank Deposits Misused In Chinese Economy

Unleashed Bank Deposits Misused In Chinese Economy
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Restructuring specialists boost Hong Kong staff as China property crisis stokes demand

Global restructuring specialists Alvarez & Marsal and Houlihan Lokey have boosted headcount in Hong Kong as China's property crisis results in a surge in debt restructuring deals - making them a rare bright spot in hiring for the city's financial sector. China's property industry, a key pillar of the world's second-largest economy, has lurched from one crisis to another since 2021 after a regulatory crackdown on debt-fuelled construction triggered a liquidity squeeze. According to a Reuters tally, around 20 Hong Kong-listed Chinese real estate developers have defaulted on dollar bonds which would require them to enter into restructuring talks with creditors or face liquidation. ....

New South Wales , Hong Kong , Scott Murdoch , Houlihan Lokey , Robert Walters , Alvarez Marsal , Chris Corcoran , Sidley Austin , Sumeet Chatterjee , Clare Jim , Edwina Gibbs , China Evergrande Group , Kong Listed Chinese , New York Based , Sunac China , China Aoyuan , Admiralty Harbour , Debt Restructuring , Houlihan Lokey , China Evergrande Group , Scott Murdoch , Real Estate Developers ,

China Aoyuan wins Hong Kong court's approval to proceed with restructuring more than US$4 billion of offshore debt, loans

China Aoyuan is the latest among debt-stricken home builders to win forbearance from offshore creditors and courts to cure their defaulted debts as China’s property market struggles to overturn a multi-year slump. ....

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