Chinese property firm Kaisa and its unit Kaisa Prosperity said in separate exchange filings that trading in their shares was being suspended pending the release of 'inside information'
Document shows Shenzhen asset disposal plans to repay WMPsYango Group secures onshore bond extension, sources sayand three of its units had their shares suspended from trading on Friday, a day after an affiliate missed a payment to onshore investors as China's snowballing property debt crisis jolts other developers.
Reuters reported last month, citing sources, that Kaisa was seeking buyers for its property management unit Kaisa Prosperity and two residential sites in Hong Kong, as it scrambles to meet a wall of debt repayments.Kaisa's troubles come amid concerns about a broadening liquidity crisis in the Chinese property sector, with a string of offshore debt defaults, credit rating downgrades and sell-offs in the developers' shares and bonds in recent weeks.
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China LGBT rights group shuts down in tightening environmentTAIPEI, Taiwan (AP) — A LGBT advocacy group in China that has spearheaded many of the country's legal cases pushing for greater rights is halting its work for the foreseeable future. LGBT Rights Advocacy China announced it was ceasing all activities and shutting down its social media accounts in an announcement on social media Thursday.
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Covid-19 Lockdowns Ripple Across China—‘I Wonder How Long I Can Hang On’As the Delta variant puts China through one of its biggest Covid-19 outbreaks since it first closed off Wuhan in early 2020, new lockdowns and other strict controls are taking place across the country.
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COVID-hit China keeps vigil at borders, restricts local tourismChina is on high alert at its international ports of entry to reduce the risk of COVID-19 cases entering from abroad, and it has stepped up restrictions within the country amid a growing outbreak less than 100 days before the Beijing Winter Olympics.
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China could have 1,000 nuclear warheads by 2030: PentagonA new Pentagon report estimates that China could have 1,000 nuclear warheads by 2030, a quicker expansion of its nuclear arsenal than previously believed.
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Food prices in China climbed every week of October, commerce ministry saysPrices in China are rising quickly for food and other commodities, increasing pressure for policymakers tasked with keeping growth stable.
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As China faces its most widespread Covid outbreak since Wuhan, officials double down on zero CovidChina is scrambling to contain its most widespread Covid-19 outbreak since the first wave of infections that began in Wuhan in 2019.
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