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China To Reboot Markets With Home Purchases menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Unleashed Bank Deposits Misused In Chinese Economy menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
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. ....
Many Chinese developers in Australia and New Zealand have closed or scaled back, amid a property crisis in China, weak demand and higher construction costs. ....
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. ....