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The Latest Breaking News from Country Garden

Booted from Malaysia, tech guru Balaji Srinivasan finds a new patron for his ‘nomad’ commune: Kazakhstan

It's been a weekslong saga involving crypto-friendly tech utopianism, tensions over the Israeli-Palestinian conflict, and even China’s real estate crash.

Fortune

China Property Giant Vanke Reports Annual Loss Of $6.8 Bn

Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling sales and shrinking profit margins despite Beijing's attempts to revive the housing market.

International Business Times

'Do me a favour': MP 'misled' watchdog over taped calls

Ex-MP Daryl Maguire allegedly expected payment for a property deal he helped broker and then made misleading comments about it to a watchdog, a court has heard.

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

Chinese property developer Country Garden plans deal with creditors, as industry languishes

A lawyer for embattled Chinese property developer Country Garden has told a Hong Kong court that it expects to reach a deal with creditors in February to restructure billions of dollars in debt

The Independent UK

Chinese Property Firm Kaisa Strikes Debt Restructuring Deal

Chinese property developer Kaisa has reached an agreement with creditors for partial repayment of its debt, the company said Tuesday, a positive development as it battles to avoid liquidation.

International Business Times

Country Garden Services Expects 30% Profit Drop as Property Downturn Drags On

Property managers’ slight increase in first half revenue is accompanied by a significant drop in net profits

Caixin Global

Country Garden To Pay Onshore Coupons By May 13

Country Garden in China prioritizes onshore coupon payments to ensure financial stability amidst property market concerns.

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Country Garden To Present Debt Revamp Plan In Second Half

Country Garden plans debt restructuring to address financial challenges and enhance stability in China's property sector.

Top News

China's Country Garden Extends Bonds To Avoid Default

China's Country Garden extends bonds to avoid default in challenging property sector. Government measures and market pressures impact financial stability.

Top News

Country Garden Hires Kroll For Liquidation Analysis

Country Garden engages Kroll for a liquidation analysis to manage debt amidst China's property market challenges.

Top News

China's Country Garden garners government support for 30+ projects

Learn about China's Country Garden, a property developer with over 30 projects supported by local governments, indicating their credibility and success in ...

Top News

Shanghai Composite Index Rose 0.43% on Thursday

Shenzhen Component Index closed up 1.0%

Caixin Global

Country Garden projects continued weakness in China property market

Learn why Country Garden, a leading Chinese property developer, anticipates a continued weak property market in China for 2024 and the potential implications.

Top News

Country Garden Affiliated Property Manager Writes Down $576 Million

Share price plunges 11.5% as leading property manager’s profits are hit by prolonged debt crisis among developers

Caixin Global

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Fortune

Struggling Chinese developer Country Garden is slashing the salary and benefits of its top executives—with one getting a 96% pay cut

Country Garden announced pay cuts for four of its top executives as it scrambles to avoid defaulting on more debt.

Caixin Global

Country Garden Bosses Take Hefty Pay Cuts as Developer Struggles

Chair Yang Huiyan has taken a 67% reduction and President Mo Bin 96%, each to 120,000 yuan

The Guardian - UK

Chinese shadow bank admits £30bn shortfall after ‘management ran wild’

Zhongzhi, a wealth manager with links to China’s ailing property market, says it is ‘severely insolvent’

Al Jazeera

Crumbling buildings and broken dreams: China’s unfinished homes

Tens of millions of homes lie vacant across China following the country’s credit-fuelled construction boom.

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news in one place.

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France 24

China hosts Belt and Road Forum as Xi's signature project turns 10

Representatives from over 130 countries are gathering in Beijing for the Belt and Road Forum this Tuesday. The Chinese initiative, launched in 2013 to boost infrastructure investments around the world, has attracted a lot of attention over the past decade. We take a look at the project's pros and cons…

The Independent UK

Chinese developer Country Garden says it can't meet debt payment deadlines after sales slump

Chinese property developer Country Garden has warned it cannot meet deadlines to repay its debts

The Guardian - UK

China’s Country Garden warns it could default on debt

Property developer has about $200bn in liabilities and says its sales are ‘under remarkable pressure’

Fortune

China's Country Garden warns its first-ever default could come soon as its September sales plunge by over 80% year-on-year

In a stock filing Tuesday, developer Country Garden said it expects to miss some of its foreign debt payments.

The Independent UK

Stock market today: Rate hopes push Asian shares higher while oil prices edge lower

Asian shares are higher after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer

The Guardian - AU

Evergrande, the ‘runaway’ developer that could become a wrecking ball for China’s economy

The regulatory crackdown that sparked arrests and a debt crisis in China’s second-biggest developer may do more harm than good to market, say analysts

The Guardian - UK

Global economic fears deepen as service sector dips in China and Europe

Fresh signs of weakness in Chinese economy and weak UK and eurozone data spook investors

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