China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough.
Posted inBanking and Financial Institutions Beijing (China) China China Economy China Evergrande Group Credit and Debt Economic Conditions and Trends Local Government Mergers, Acquisitions and Divestitures Mortgages Politics and Government Real Estate (Commercial) Real Estate and Housing (Residential)

China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough.

A new approach by China’s top leaders is bold but pales against the problem: a vast number of empty apartments no one wants to buy.
China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion
Posted inBuilding (Construction) China China Evergrande Group China Securities Regulatory Commission Fines (Penalties) Frauds and Swindling Hong Kong Real Estate (Commercial) Regulation and Deregulation of Industry Securities and Commodities Violations Shenzhen (China)

China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion

China’s securities regulator fined the developer’s founder, Hui Ka Yan, and banned him from participating in the country’s financial markets for life.
China’s Country Garden Faces Winding Up Petition In Hong Kong
Posted inChina China Evergrande Group Country Garden Credit and Debt Foreign Investments Hong Kong Hong Kong Stock Exchange International Relations Real Estate (Commercial) Real Estate and Housing (Residential) Real Estate Brokers Stocks and Bonds

China’s Country Garden Faces Winding Up Petition In Hong Kong

Country Garden was once China’s biggest developer but ran out of money. A lender is taking it to court in Hong Kong, a sign of continuing market distress.