Hong Kong
CNN Business
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Chinese authorities are making their biggest effort yet to end a crisis in the country’s vast real estate sector that has weighed heavily on the economy over the past year.
Shares of China’s biggest property developer Country Garden soared as much as 52% in Hong
This week, two major credit rating agencies downgraded Shanghai-based developer Shimao Group further into junk territory. The company has been grappling with mounting debt and...
InterContinental Shanghai Wonderland, a luxury hotel developed by Shimao and managed by IHG, opened in 2018 and is pictured here on Oct. 11, 2020.Costfoto |...
Chinese President Xi Jinping has made no secret of his desire to deflate China’s property bubble. But according to people with knowledge of government deliberations,...
The latest Chinese real-estate company to run into serious trouble is a lesson in the risks attached to Chinese property: They are neither predictable, nor...