Pearl Liu

Moody's Ratings stripped state-backed developer China Vanke Co. of investment-grade credit rating and warned of potential further cuts, predicting credit metrics and liquidity will weaken because of falling home sales and funding uncertainties.

China's property-debt crisis has entered a new stage, as tensions have increasingly shifted to developers' court battles with creditors over debt restructuring plans, and the once-unthinkable consequence of liquidation orders.

China’s property-debt crisis has entered a new stage, as tensions have increasingly shifted to developers’ court battles with creditors over debt restructuring plans, and the once-unthinkable consequence of liquidation orders.

Chinese stocks led declines in Asia, with the yuan falling to a four-month low as traders grappled with weak corporate guidance and signs that Beijing is relaxing its grip on the currency.

The most troubled developers could face a second round of restructuring

Vanke said it is making plans to stabilize operations Builder has been struggling to bolster investor confidence

(Bloomberg) -- China Vanke Co. shares rose the most in more than a month after the state-backed builder said it has made plans to resolve liquidity pressure.Most Read from BloombergIsrael Versus Iran — What All-Out War Could Look LikeApple Faces Worst iPhone Slump Since Covid as Rivals RiseIran’s Attack on Israel Sparks Race to Avert a Full-Blown WarSingapore PM Lee to Hand Reins to Wong After Two DecadesTexas Warns of Possible Power Emergency Next WeekThe developer climbed as much as 2.8% in Sh

Hedge funds and other international investors are sounding alarms after a profitable education company from China defaulted on its convertible bonds in March.

Hedge funds and other international investors are sounding alarms after a profitable education company from China defaulted on its convertible bonds in March.

A Chinese tycoon who had snapped up mansions and offices in Hong Kong and London faces demands from banks to repay more than $200 million of loans for which he and his family had provided personal guarantees, in a sign of further liquidity problems for the businessman and his property-investment company.