Deadbeat developer debt collection enters new phase with Shimao liquidation
China Construction Bank’s request to liquidate Shimao shows that state-owned banks are starting to take legal action to recover their money from the debt-ridden industry Key Takeaways: A unit of…
Hony Capital Switches SPAC IPO Focus from U.S. to Hong Kong
Everest Acquisition Corporation, a SPAC launched by leading private equity firm Hony Capital and the state-owned Agricultural Bank of China, has filed for an IPO on the Hong Kong Stock…
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