Founder-CEO & Chief Analyst, Real Estate Foresight

Robert Ciemniak

Founder-CEO & Chief Analyst

Real Estate Foresight

Since 2012, REF has been helping investors with market research, project due diligence, and strategy development. This has ranged from detailed assessments and estimates on distressed developers' project portfolios to market due diligence on specific projects to macro-level questions linked to demand for commodities. The unique combination of the housing markets and developer data from data partner China Index Academy in Beijing, primary research, and technology-powered alternative data collection from public sources result in a valuable content set used in REF analytics and reports.

Predictive Analytics for China Property

Thematic (Sector/Industry)

<ul>
<li>This note is a weekly (select weeks on SK) curated selection of Chinese news articles and company announcements focused on developers in distress</li>
<li>We look for their deals, updates, specific project progress news ('local signals'), as well as relevant local research commentaries about the market</li>
<li>We do not verify the underlying data or provide any opinion; we only select and summarise the information. See direct links to the sources</li>
</ul>


This note is a weekly (select weeks on SK) curated selection of Chinese news articles and company announcements focused on developers in distress
We look for their deals, updates, specific project progress news ('local signals'), as well as relevant local research commentaries about the market
We do not verify the underlying data or provide any opinion; we only select and summarise the information. See direct links to the sources


REF China Property Developers In Distress - Weekly News & Announcements Tracker | May 22-28, 2026

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Road King Infrastructure, Tata Motors</li>
<li>Long-end UST yields declined 3 bps yesterday, leaving the curve slightly flatter, supported by decent demand for a 20Y notes auction and amid a stabilisation in oil prices. The yield on the 2Y UST was unchanged at 3.68%, while the yield on the 10Y UST fell 2 bps to 4.20%. Equities advanced for a second day, with the S&amp;P 500 and Nasdaq up 0.2% and 0.5%, respectively.</li>
<li>US President Donald Trump has responded with a mix of criticism and "go it alone" defiance, following the refusal by most NATO members to send warships to help secure the Strait of Hormuz. In a post on Truth Social, Mr Trump expressed his frustration that US spending on NATO has been a "one-way street", adding that "we will protect them, but they will do nothing for us, in particular, in a time of need".</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Road King Infrastructure, Tata Motors
Long-end UST yields declined 3 bps yesterday, leaving the curve slightly flatter, supported by decent demand for a 20Y notes auction and amid a stabilisation in oil prices. The yield on the 2Y UST was unchanged at 3.68%, while the yield on the 10Y UST fell 2 bps to 4.20%. Equities advanced for a second day, with the S&amp;P 500 and Nasdaq up 0.2% and 0.5%, respectively.
US President Donald Trump has responded with a mix of criticism and "go it alone" defiance, following the refusal by most NATO members to send warships to help secure the Strait of Hormuz. In a post on Truth Social, Mr Trump expressed his frustration that US spending on NATO has been a "one-way street", adding that "we will protect them, but they will do nothing for us, in particular, in a time of need".


<ul>
<li>In today's Morning Views publication we comment on developments of the following high yield issuers: Road King Infrastructure, Continuum Green, Softbank Group</li>
<li>UST yields declined for a second straight day yesterday. There were no major macro catalysts, albeit the move was in line with gains across most European government bonds.</li>
<li>The UST curve bull flattened, with the yield on the 2Y UST falling 1 bp to 3.86%, while that on the 10Y UST was down 4 bps at 4.38%. Equities climbed to fresh record highs, with the S&amp;P 500 advancing 0.1% to 6,306 and the Nasdaq up 0.4% at 20,974.</li>
</ul>


In today's Morning Views publication we comment on developments of the following high yield issuers: Road King Infrastructure, Continuum Green, Softbank Group
UST yields declined for a second straight day yesterday. There were no major macro catalysts, albeit the move was in line with gains across most European government bonds.
The UST curve bull flattened, with the yield on the 2Y UST falling 1 bp to 3.86%, while that on the 10Y UST was down 4 bps at 4.38%. Equities climbed to fresh record highs, with the S&amp;P 500 advancing 0.1% to 6,306 and the Nasdaq up 0.4% at 20,974.


<ul>
<li>US Treasury yields declined 4-5 bps across the curve yesterday, on account of softer-than-expected consumer confidence data and amid Fed Chairman Jerome Powell's cautious remarks on rate cuts.</li>
<li>The yield on the 2Y UST declined 4 bps to 3.83%, while the yield on the 10Y UST fell 5 bps to 4.30%.</li>
<li>Equities rallied on easing tensions in the Middle East, with the S&amp;P 500 and Nasdaq up 1.1% and 1.4%, respectively.</li>
</ul>


US Treasury yields declined 4-5 bps across the curve yesterday, on account of softer-than-expected consumer confidence data and amid Fed Chairman Jerome Powell's cautious remarks on rate cuts.
The yield on the 2Y UST declined 4 bps to 3.83%, while the yield on the 10Y UST fell 5 bps to 4.30%.
Equities rallied on easing tensions in the Middle East, with the S&amp;P 500 and Nasdaq up 1.1% and 1.4%, respectively.


China Property Developers In Distress - Weekly News & Announcements Tracker | Feb 12-26, 2026

Hong Kong

Road King Infrastructure is an investment holding company that develops, operates, and manages property projects and toll roads. It focuses on residential and commercial property development and sales in Mainland China and Hong Kong, alongside investing in and operating expressways in Mainland China and Indonesia. The company was founded in 1994 and is headquartered in Tsim Sha Tsui, Hong Kong.

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Road King Infrastructure (1098 HK)

REF China Property Developers In Distress - Weekly News & Announcements Tracker | May 22-28, 2026

This note is a weekly (May 22-28, 2026; select weeks on SK) curation by Real Estate Foresight (REF) of Chinese news articles and company...

Robert Ciemniak

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Road King Infrastructure, Tata Motors

Lucror Analytics

Lucror Analytics - Morning Views Asia

In today's Morning Views publication we comment on developments of the following high yield issuers: Road King Infrastructure, Continuum Green,...

Lucror Analytics

Lucror Analytics - Morning Views Asia

US Treasury yields declined 4-5 bps across the curve yesterday, on account of softer-than-expected consumer confidence data and amid Fed Chairman...

Lucror Analytics

China Property Developers In Distress - Weekly News & Announcements Tracker | Feb 12-26, 2026

This note is a weekly (select weeks on SK) curated selection of Chinese news articles and company announcements focused on developers in distress.

Robert Ciemniak

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)