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Chinese major cities ease home purchase limits to boost sales:
Two of China's major cities, Suzhou and Shanghai, followed Guangzhou in easing home-buying ...
reuters.com/markets/asia/chinese-major-cities-ease-home-purchase-limits-boost-sales-2024-01-31/
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Chinese major cities ease home purchase limits to boost sales: Two of China's major cities, Suzhou and Shanghai, followed Guangzhou in easing home-buying ...
reuters.com/markets/asia/chinese-major-cities-ease-home-purchase-limits-boost-sales-2024-01-31/
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Key FactsCountry Garden seeks to delay onshore bond repayment, causing market concerns
Aug 14, 2023 · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Country Garden, China's largest private developer, is requesting a delay in payment for a private onshore bond.
- Country Garden's difficulties could impact homebuyers and financial institutions.
- Country Garden's offshore bonds have also weakened.
- The company has proposed extending the repayment of an onshore bond by three years.
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bbc.com/news/business-66470170
Key FactsCountry Garden warns of billion-dollar loss
Aug 11, 2023 · Reading time: ~30 sec.
Summary created with AI assistance · Source: bbc.com
Summary created with AI assistance · Source: bbc.com
- Country Garden shares fell by nearly 10% in Hong Kong trading.
- It is expected that Country Garden will report a net loss of RMB45 billion to RMB55 billion for the six months ending June 30, 2023.
- The expected loss is in contrast to a profit of $265 million in the same period last year.
- The significant losses highlight the impact of the property market crisis on the developer in recent years.
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