Property crisis deepens with debt action against Sunac
The Chinese real estate developer is battling a wind-up petition from one of its creditors and could be forced to seek another debt restructuring Key Takeaways: Sunac China said it…
BRIEF: Cinda sets up $2.7 billion fund to support property market
Bad asset manager China Cinda Asset Management Co. Ltd. (1359.HK) is setting up a 20 billion yuan ($2.7 billion) fund to support China’s struggling property market. China Cinda will provide…
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