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Sino-Ocean freezes payments on US$4 billion bonds, other offshore debt to pursue restructuring as China's housing slump persists

State-linked developer Sino-Ocean will stop servicing its offshore debt, including almost US$4 billion of bonds, to pursue a debt restructuring. This signals China’s housing market is far from reversing a three-year slump. ....

Houlihan Lokey , Sidley Austin , Dajia Insurance Group , China Life Group ,