Brokerage J.P.Morgan warned on Monday an estimated 2.8 trillion yuan ($385.78 billion) worth of assets under the management of Chinese real estate investment trusts (REITs) face higher risk following the debt payment delays by Country Garden.The Wall Street bank said it expects a 'vicious cycle' of real e
Brokerage J.P.Morgan warned on Monday an estimated 2.8 trillion yuan worth of assets under the management of Chinese real estate investment trusts face higher risk following the debt payment delays by Country Garden.
Country Garden, China's largest private developer, is seeking to delay payment on a private onshore bond for the first time after suspending trading in 11 onshore bonds. Trusts may have to use their own profits to bail out existing investors if they fail to honor payments on issued products, Lei and team warned.
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Chinese property giant Country Garden's shares sink on default fearsBEIJING: Shares in Chinese property giant Country Garden plunged on Monday (Aug 14) after it missed bond payments and warned of billions of dollars in losses, deepening fears about the country's heavily indebted real estate sector. Like its
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Country Garden shares plunge after trading on 11 onshore bonds haltedHONG KONG : Shares of China's Country Garden plunged more than 12 per cent on Monday morning after the real estate company suspended trading in 11 of its onshore bonds from Monday.
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Country Garden shares slump to record low after onshore bond trading haltedHONG KONG :Shares of China's Country Garden plunged more than 12 per cent on Monday morning after the real estate company suspended trading in 11 of its onshore bonds from Monday.The stock hit a new low of HK$0.86, following reports on Friday the company was heading for a debt restructuring that added to conc
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Country Garden shares slump to record low after onshore bond trading haltedMarkets are jittery as more developers default on bond payments amid no signs of stronger support measures from Beijing. Read more at straitstimes.com.
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Country Garden seeks to extend $538 million onshore bond repayment by 3 years - sourceBEIJING/HONG KONG : Chinese property developer Country Garden is seeking to extend full repayment for an onshore private bond due Sept. 2 by three years in instalments, a source with direct knowledge said on Monday.The bond has an outstanding amount of 3.9 billion yuan ($537.96 million), according to dat
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Recreating recipes grandma made in Shanghai: Young Chinese Americans promote Chinese food, cultureSharing their unique recipes is a way to explore their cultural identity as a US minority. Read more at straitstimes.com.
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