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Developer Evergrande Is Gone. China’s Property Crisis Isn’t.

Millions of unfinished homes show why the housing bust is still weighing on Chinese consumers—and the global companies counting on them. Continue Reading

China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence

HONG KONG (AP) — Chinese authorities are moving to finish cleaning up the mess left by the collapse of the Evergrande real estate empire, years after its default with some $300 billion in liabilities. A court in southern China's Guangzhou…

Evergrande Saga Highlights Short-Selling Risks, Andrew Left Says

(Bloomberg) -- Andrew Left, the US short-seller whose early warnings on China Evergrande Group got him banned from trading in Hong Kong, isn't in a gloating mood. Most Read from Bloomberg China Sentences Evergrande's Hui to Life for 'Heino…

Evergrande's Xu Jiayin: from real-estate tycoon to life in prison

Evergrande founder Xu Jiayin (C) during his trial in southern China's Shenzhen (Handout) Once China's richest man, disgraced property tycoon Xu Jiayin looked worn as a court in China handed the now white-haired Evergrande founder a life se…

China jails founder, fines disgraced property giant Evergrande

Evergrande's Xu Jiayin was once one of China's richest billionaires and a member of a top political advisory body (-) China sentenced the founder of embattled property giant Evergrande to life in prison and fined the group more than $2 bil…

What property giant Evergrande's sentence means for China's economy

Evergrande was once China's leading property developer, propelled by rapid urbanisation and rising living standards (-) For property giant Evergrande, the face of China's real estate woes, an excruciating saga that has dragged on for years…

Chinese court sentences founder of troubled property developer Evergrande to life in prison

HONG KONG (AP) — A Chinese court sentenced Chinese property tycoon Hui Ka Yan to life in prison for financial crimes linked to the collapse of his Evergrande real estate group, once the world's most heavily indebted developer. The decision…

PwC cuts partner payouts in China Evergrande fallout

PwC partners in Hong Kong are set to miss out on payouts collectively worth hundreds of thousands of dollars after a record fine for failures in its audit of collapsed property developer Evergrande. Proceeds from the 2022 sale of a busines…

Evergrande liquidators file $8.4bn negligence claim against PwC

Liquidators of China Evergrande Group have filed a lawsuit in a Hong Kong court against PricewaterhouseCoopers (PwC) seeking 57bn yuan ($8.4bn) in damages for alleged negligent audit work. The claim, brought by liquidators Edward Middleton…

China Evergrande liquidators seek $8.4B from PwC in Hong Kong lawsuit

HONG KONG (AP) — Liquidators of the failed Chinese property developer China Evergrande are seeking 57 billion yuan ($8.4 billion) from accounting firm PwC over its auditing work, a Hong Kong court was told on Monday. The hefty amount was c…

AFRC hits PwC with $38.3m fine and curbs over Evergrande audits

The Accounting and Financial Reporting Council (AFRC) in Hong Kong has ordered PricewaterhouseCoopers (PwC) to pay a HK$300m ($38.3m) penalty over failures linked to its audits of China Evergrande Group. The watchdog said PwC’s audit work…

Hong Kong regulators fine PwC $166M over China Evergrande audit

HONG KONG (AP) — PwC, one of the world's biggest accounting firms, is paying HK$1.3 billion ($166 million) in fines and compensation in Hong Kong over its audit work for the failed Chinese property developer Evergrande, which was said to h…

PwC Hong Kong to pay Evergrande shareholders HK$1 billion in compensation, SFC says

HONG KONG, April 23 (Reuters) - Hong Kong's securities watchdog on Thursday said PwC Hong Kong will set aside HK$1 billion ($127.7 million) to compensate independent minority shareholders ‌of property developer China Evergrande, marking th…

Founder of Chinese property giant pleads guilty to fraud

Hui Ka Yan’s Evergrande Group collapsed in 2021 - Bobby Yip/REUTERS The founder of the failed Chinese property giant Evergrande is facing the threat of life in prison after pleading guilty to fraud and bribery. Hui Ka Yan, also known as Xu…

China Evergrande founder pleads guilty to fraud in Shenzhen court

China Evergrande founder Hui Ka Yan pleads guilty to a set of charges including fraud and bribery

HONG KONG (AP) — The founder of the debt-ridden real estate developer China Evergrande pleaded guilty to a series of charges, including illegal absorption of public deposits, fraud and corporate bribery, according to a mainland Chinese cou…

Photos show China's low-cost lifestyle in vast, semiabandoned housing complexes

QIDONG, China (AP) — After China's debt-fueled real estate bubble popped, vast housing developments across the country were left partially abandoned — including "Life in Venice," a sprawling residential complex perched on China's east coas…

As China's economy slows, some young people are snapping up cheap apartments to 'retire' early

The "Life in Venice" housing development, a multibillion-dollar replica of the Italian city on the Chinese coast, stands silent. Many of the tens of thousands of homes are hollow husks of concrete and alabaster. But in recent years the rem…

Luxury homebuilder files for Chapter 11 bankruptcy

In the final months of 2025, a number of companies overseeing various hotels and resorts have filed for bankruptcy in different parks of the U.S. and the world. The company behind Tuscany and Hotel 27 in NYC shut down abruptly in September…

China Vanke Seeks One Year Delay to Pay Bond

China Vanke is seeking a one-year delay to pay a two billion yuan note originally due on Dec. 15, as it faces mounting liquidity pressures and waning state support. Bloomberg Intelligence thinks Vanke's financial crisis might have a bigger…

China Vanke's Shock Bond Delay Sparks Panic: Is the Property Crisis About to Get Worse?

This article first appeared on GuruFocus. China's property market just hit another pressure point, and investors are watching closely as China Vanke Co. (CHVKY) shows the kind of strain previously associated with weaker names. The develope…

China Vanke Dollar Bonds Tumble to Record Lows as Crisis Worsens

(Bloomberg) -- China’s real estate sector suffered another blow after China Vanke Co. proposed delaying repayment on a local bond, sending some of its notes plunging to record lows and fueling concerns about Beijing’s willingness to suppor…

Country Garden Unveils Plan to Reduce Debt

The Chinese property developer plans to issue convertible bonds and warrants in an effort to pare down its debt by more than $11.0 billion. Continue Reading View Comments

Country Garden wins bank creditor group's support for offshore debt overhaul

(Reuters) -Embattled Chinese property developer Country Garden said on Monday it had reached an agreement with a core group of bank creditors that holds 49% of its offshore debt, marking another step in its $14.1 billion restructuring plan…

China Evergrande to delist, estimates debt at $45B

[entrance of China Evergrande Center] LewisTsePuiLung China Evergrande (OTC:EGRNF [https://seekingalpha.com/symbol/EGRNF]), the property developer that exemplified the Chinese real estate crisis, will delist its stock as the company's liqu…

China Stabilizes, in the Shadow of Country Garden and Evergrande

Things are moving again for China’s economy and green shoots are sprouting. But sustaining that could be tough if the troubles of major property developers continue. Continue reading

China’s Economy Gets Boost From Stimulus, but Headwinds Grow

China’s economy is likely to struggle for a while yet, economists say. Real estate remains a major risk and consumer confidence is fragile. Continue reading

Country Garden, Evergrande Set Up Two Tense Weeks for Creditors

(Bloomberg) -- Default and liquidation are looming in a matter of days for two companies central to China’s property debt crisis. Most Read from Bloomberg Israel Latest: Blinken Works on Gaza Aid as Biden Set to Visit Putin Arrives in Chin…

Explainer-Country Garden: What happens next?

By Clare Jim HONG KONG (Reuters) - Country Garden's entire offshore debt will be deemed to be in default if China's largest private property developer fails to make a $15 million coupon payment on Tuesday, the end of a 30-day grace period.…

China Property Bonds Looked Cheap at 20 Cents on the Dollar. They Weren’t.

China’s property market meltdown created a multibillion-dollar opportunity for distressed-debt investors. The country’s real-estate sector is reeling from a yearslong slowdown that has put strains on the economy, sparked widespread protest…

Evergrande Wind-Up Hearing Opens Bumpy Path Toward Liquidation

(Bloomberg) -- A hearing for China Evergrande Group in a Hong Kong insolvency court later this month will lay bare the once-unthinkable possibility of liquidating the property developer’s assets. Most Read from Bloomberg Israel Latest: Bli…

Country Garden Enters Final Hours to Avoid First Bond Default

(Bloomberg) -- The clock is ticking for Country Garden Holdings Co. to avert its first-ever public dollar bond default, as the distressed Chinese developer faces an interest-payment deadline this week. Most Read from Bloomberg Israel Lates…

How Evergrande’s Chief Tried to Turn Things Around—and Failed

Hui Ka Yan, once one of the world’s richest men, led China Evergrande through its rise and fall. His failures in the aftermath made the property developer’s collapse a bigger problem for the country’s slumping housing market. Continue read…

Scanning for Bearishness in the Wall Street Journal

What is above the fold and what is below the fold of the Wall Street Journal. Stories that are in the back of the WSJ that are on their way to the front page are the most important. An investment opportunity that is just being written abou…

Global growth still 'slow, uneven' while risks on downside: IMF researcher

The International Monetary Fund (IMF) forecasted a slowdown in its global growth outlook and anticipates inflation to remain elevated through 2025 for most central banks. Petya Koeva Brooks, IMF Deputy Director in the Research Department,…

Could This Developer's Deal Lead the Way for Chinese Property Company Survival?

Sunac China has become the first Chinese developer to reach a pact to restructure its debt in a way that should keep the homebuilder afloat; can others follow suit? Continue reading