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Kaisa's Bonds Jump After Trading Halt In Sunac Shares

Bonds of troubled China property developer Kaisa Group jumped by as much as four points after rival Sunac China Holdings, which has been named in media reports as a potential buyer of its assets, announced a trading suspension, Reuters reported. Kaisa is ...

Daily Headline - global.abi.org - 01/29/2015 - 21:59 - 0 comments

Troubled China Property Firm Kaisa Appoints Financial Advisor

Chinese property developer Kaisa Group has appointed financial adviser Houlihan Lokey to formulate a plan that will be agreeable to all its creditors as the indebted company struggles with the risk of defaulting on its credit. The company failed earlier ...

Daily Headline - global.abi.org - 01/28/2015 - 21:37 - 0 comments

Kaisa Failed To Unblock Sales During Talks With Shenzhen Government

Troubled Chinese property developer Kaisa Group failed to remove a local government block on sales at its Shenzhen projects during talks with public officials on Monday, a company source familiar with the discussions said. Kaisa's top executives hel ...

Daily Headline - global.abi.org - 01/27/2015 - 22:15 - 0 comments

Offshore Bond Sales By Chinese Developers Stall As Default Fears Rise

Offshore bond sales by mainland property developers have stalled in January as rising investor fears of a flurry of debt defaults have junked one of the usually busiest months of the year for real estate issuance, South China Morning Post reported. W ...

Daily Headline - global.abi.org - 01/25/2015 - 21:37 - 0 comments

Chinese Developer Kaisa In Talks On Possible Asset Sales

Troubled Chinese property firm Kaisa Group is talking to banks and rival developers about selling its assets as the company scrambles to raise cash, according to people with knowledge of the matter. A number of developers have approached the company abou ...

Daily Headline - global.abi.org - 01/25/2015 - 21:37 - 0 comments

China’s Economy Grows At Slowest Pace In 24 Years

China’s economy grew at its slowest pace in 24 years in 2014 as property prices cooled and companies and local governments struggled under heavy debt burdens, keeping pressure on Beijing to take aggressive steps to avoid a sharper downturn, the Irish T ...

Daily Headline - global.abi.org - 01/20/2015 - 22:22 - 0 comments

Chinese Developers' Shares Fall As Kaisa's Woes Ripple Across Sector

Shares in some mid-size Chinese real estate developers fell sharply on Thursday, as fears grew that the troubles hitting Kaisa Group could spread to other firms in the sector, Reuters reported. Local government officials blocking real estate sales and an ...

Daily Headline - global.abi.org - 01/16/2015 - 00:34 - 0 comments

China Pension Reform Targets Civil Servant Privileges

China’s 40m public sector employees are to lose their exemption from paying into the state pension system, as the government looks to curb public outrage over excess benefits for civil servants, the Financial Times reported. China’s dual-track urban ...

Daily Headline - global.abi.org - 01/16/2015 - 00:39 - 0 comments

China Regulators Watching Online Loans as Risks Multiply

Rising failures in China’s peer-to-peer lending industry may pressure authorities to regulate a segment of Internet finance that almost quadrupled in size last year, Bloomberg News reported. The number of platforms that went bankrupt or had difficulty re ...

Daily Headline - global.abi.org - 01/14/2015 - 21:14 - 0 comments

Kaisa Default Risks Waking China Property Bears

For China’s property market bears, the default by a Hong Kong-listed developer on its US dollar bonds looks like the canary in the coal mine. More are likely to follow, they argue, as the great unravelling of the heavily indebted and chronically oversupp ...

Daily Headline - global.abi.org - 01/13/2015 - 20:34 - 0 comments

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