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Sunac China Shares Fall Sharply
China's Shimao Group receives liquidation petition
China's Shimao Group said on Friday CPYM Link Investment Limited had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.19 million) cross-border loan guarantee provided by the property developer.
Sunac China Holdings Faces Winding-Up Petition
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Sunac China Shares Fall Sharply After Receiving Winding-Up Petition
Shares of Chinese property developer Sunac China tumbled after the company received a winding up petition as the country continues to struggle with its property sector downturn. Shares fell 24% to 1.33 Hong Kong dollars,
Sunac China shares, bonds sink after liquidation petition filed against developer
By Clare Jim HONG KONG (Reuters) -Sunac China shares and bonds plunged on Friday after a liquidation petition was filed against the property developer, adding to concerns over its business recovery and repayment ability despite an offshore debt restructuring in 2023.
Developer Sunac China Receives Liquidation Petition in Hong Kong
Defaulted builder Sunac China Holdings Ltd. has received a liquidation petition in Hong Kong, according to the city’s judiciary website.
4h
China Evergrande ordered to repay its property unit $1.8 bln worth deposit pledges
China's Evergrande Property Services Group said on Friday a Guangzhou city court has ordered its parent China Evergrande to ...
5h
on MSN
China's Economy Faces Disaster as Population Ages
A top Civil Affairs Ministry official stressed new reforms must be rolled out over the next decade to be effective.
1d
on MSN
How China Is Advancing in AI Despite U.S. Chip Restrictions
It was almost a year before a handful of Chinese AI chatbots received government approval for public release. Some questioned ...
1d
on MSN
China's bond market is signaling worry over a possible decades-long economic downturn
China's bond yields have plunged to all-time lows in recent weeks, drawing parallels to Japan's "lost decades," a long period ...
5h
on MSN
China's central bank halts bond buying as yuan struggles
China's central bank suspended treasury bond purchases on Friday, briefly lifting yields and spurring speculation it is ...
Interesting Engineering on MSN
21h
China’s new EV battery charges 80% in 8.5 minutes, packs 185 Wh/kg energy punch
Svolt Energy unveils the Fengxing Short Blade Battery, recharging 10-80 percent in 8.5 minutes with 6C tech and 185 Wh/kg ...
2d
on MSN
Rising HMPV cases in China are ‘what we would expect to see’ in winter, health officials say
As China experiences a rise in respiratory infections this winter, one little-known virus has gotten a lot of attention – and ...
1d
on MSN
China Makes More Cars Than It Needs. Now, It’s Shakeout Time.
An “elimination round” is likely to cull weaker players in a market dominated by EVs and plug-in hybrids. Among the early ...
2d
on MSN
China is back to hoarding gold ahead of an uncertain time for its economy in Trump's second term
Goldman Sachs predicts gold could reach $3,000 per ounce by the second quarter of 2026 amid strong central bank demand.
1d
on MSN
China bets on kitchen appliances to boost economy
China's top economic planning body has said the schemes, which were launched in March, have already produced "visible effects ...
9h
on MSN
AI Chip Curbs Trigger Rare Public Fight: Tech Giants vs. China Hawks
Behind the clash is a new Biden administration effort to block China’s access to sensitive technologies.
3h
China warns citizens of telecom fraud after reports of scams in Myanmar
China's embassy in Myanmar on Friday urged Chinese nationals to be vigilant against telecom and online fraud after multiple ...
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