China Property Developers In Distress - Weekly News & Announcements Tracker | 30 June 2023
A weekly curated summary of select local Chinese news articles and company announcements focused on developers in distress
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China Fortune Land Restructures Debt and Posts Profit
China Fortune Land Development Co. Ltd said it successfully restructured more than 80% of its 219 billion yuan ($31.7 billion) debt overhang.
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CX Daily: Why Time Banks Haven’t Caught On in China
In Depth: Why time banks haven’t caught on in China. Top Chinese digital banks report more bad loans but higher earnings. In Depth: China’s banks...
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China Vanke Placement - A Placement Was Expected, Unclear if It Was This One
China Vanke aims to raise around US$500m in its H-share primary placement. In this note, we will talk about the placement and run the deal through...
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CX Daily: Beijing Stock Exchange Fights to Make Its Mark
In Depth: Beijing Stock Exchange fights to make its mark. China eases quarantine rules, lifts travel test requirements in Covid policy overhaul
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