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A new wave of property stimulus measures is brewing that should fuel a recovery in market sentiment across China as the country’s top decision-makers pledged to tackle housing inventories, according to analysts. ....
(Bloomberg) Defaulted Chinese developer Shimao Group Holdings Ltd. is facing a demand to liquidate from creditor China Construction Bank (Asia) Corp., one of the most prominent examples yet of a state-backed bank trying to claw back money from a distressed developer.Most Read from BloombergTrumpism Is Emptying ChurchesRBC Fires CFO Ahn After Probe Into Personal RelationshipThe Odds of $100 Oil Are Rising as Supply Shocks Convulse the MarketSaudis Scale Back Ambition for $1.5 Trillion Desert P ....
The Shanghai-based firm is seeking approval from offshore creditors for a restructuring plan, according to a filing made to the Hong Kong stock exchange late on Monday, as part of its latest efforts to avoid liquidation. ....
Chinese property developer Shimao Group is seeking to sell its hotel in Hong Kong close to the international airport for HK$6.5 billion , according to sales agent JLL on Monday, in a move that. | March 27, 2023 ....
Some of China’s biggest real estate moguls, saddled with billions of dollars of unpaid debts, may get the chance to plead for breathing space and friendlier property policies in the Great Hall of the People this weekend. ....