China’s real estate bonds have been key to driving the performance of Asia junk bond funds, but this sector’s market share has plummeted recently.
Chinese property developer Shimao misses repayment on $1 billion bond
The missed payment by the sixth-largest issuer among Chinese developers is the latest blow to the country’s embattled property market.
China Completes Construction of $160 Million Parliament in Zimbabwe, to be Given to the Country as a Gift
China gifts Zimbabwe with a $160 million parliament building in the capital of Harare which has gotten many people wondering about the true intentions of China …
How China’s Property Developers Got Into Such a Mess
Construction and property sales have been the biggest engines of economic growth since President Xi Jinping came to office a decade ago. Home prices skyrocketed — surging sixfold over the past 15 …
China wants to control how its famous livestreamers act, speak, and even dress
Livestreaming took off in China in 2016 and has since become one of the nation’s favorite ways to spend fragments of free time, with 635 million viewers. Top livestreamers command audiences in …
China property managers escape sector blues
Despite China’s property sector being engulfed in a crisis, a portion of the industry is thriving, leading to some optimism about improving liquidity for the rest of the market. “Property development …
China real estate firm misses $1B bond payment
Chinese real estate development company Shimao Group Holdings Ltd. revealed on Sunday that it was not able to repay offshore bonds totaling over $1 billion even though they matured on July 3.
Iron ore extends sell-off as China demand outlook darkens
Dalian and Singapore iron ore futures tumbled on Monday, weighed by a gloomy demand outlook for the steelmaking ingredient in China, where many steel mills are nursing losses and cutting production.
China NFTs: Tencent and Ant Group join industry pledge to ban cryptocurrency and fight speculation
In a new ‘self-discipline initiative’, China’s biggest tech firms agreed to enforce real-name authentication for NFT buyers and to avoid secondary marketplaces The agreement, which is not legally …