PODCAST: Construction Material Woes, and a New Bull Market
Much has been said about China's suffering property developers, but construction material makers are also in trouble. Will the government come to their rescue? And offshore China stocks enter bull territory with a 25% rally for the Hang Seng Index. What's driving this sudden surge, and will it last?
PODCAST: Evergrande Ordered to Liquidate, and a Tale of Two Airline Types
By Doug Young & Rene Vanguestaine A Hong Kong judge has ordered embattled developer Evergrande to liquidate after it failed to reach a debt restructuring deal with its foreign creditors.…
Shaky Vanke finds stabilizing friend in Shenzhen government
Shenzhen SASAC and Shenzhen Metro Group offered the hometown property champion their support after investors worried about its ability to repay its debt Key Takeaways: Vanke has no more overseas…
E-House in rebuilding mode with latest plan to repay defaulted debt
The real estate services provider wants to raise money through a new share sale as part of a complex plan to restructure its defaulted bonds Key Takeaways: E-House is working…
Small developers suffer quietly in shadows of Evergrande, Country Garden
Tanking shares and missed debt payments for smaller, privately owned names like Yuzhou, Times China and Aoyuan are a lesser-known story in China’s stressed-out real estate sector Key Takeaways: Shares…
Country Garden deconstructed by slumping sales, heavy debt
The leading property developer failed to make a $22.5 million interest payment on two bonds last week, raising concerns about potential defaults Key Takeaways: Country Garden warned it expects to…
Crumbling Foundations? E-House Paints Grim Picture in Delayed Earnings Report
The real estate services provider’s first-half results highlight its dire situation as it fights for survival in China’s deeply slumping property marketKey Takeaways:E-House’s first-half net loss increased about 18% from…