News for Kaisa Group Holdings Ltd. (1638.HK)

(Bloomberg) -- Creditors owed around $150 billion by defaulted Chinese developers always stood to get just pennies back, but many are finding that even after a debt plan is agreed it’s not necessarily a done deal. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About

Chinese developers Kaisa Group Holdings Ltd. and Times China Holdings Ltd. will square off with creditors Monday, seeking to avoid liquidation before a Hong Kong court where decisions against the sector are starting to pile up.

The S&P 500 and the Dow were little changed during the week. Three-month Treasury bill rates ended the week at 5.205%. Click to read.

The market closed Friday pricing a 4.85% policy rate at the Fed’s December meeting, implying two rate cuts (48 bps). Click to read.

Major US indexes experienced a tumble yesterday. This was primarily influenced by losses in Financial Stocks and growing concerns about China'

Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billion) under management. Now it risks becoming the latest Chinese financial giant to fail. The under-the-radar group, often dubbed China’s Blackstone by local media, operates at…

(Bloomberg) -- Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billion) under management. Now it risks becoming the latest Chinese financial giant to fail.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Election With P

Case involving mainland debt reflects creditors’ impatience with restructuring in China’s property sector, analysts say

Global creditors are bracing for a long-drawn battle to recover money from China’s troubled developers

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Real estate has been the main engine of China’s economic growth since President Xi Jinping came to office a decade ago. Now the industry is in a slump, major developers have defaulted on their debts and the government is trying to organize a bailout. Economists say the intervention should be enough to hold off a disorderly crash of the property market and may even generate a slow recovery. The stakes are high, as a total collapse could undermine China’s financial system and jolt the world econom

/PRNewswire/ -- Greifenberg Digital, a member of the IMTE Group, commented today on the risks to Chinese property bonds as gauged by its suite of quantitative...

Shimao Bonds Extend Losses, Economy Slows: Evergrande Update

Shimao Shares Tumble After Deal Fuels Governance Concerns

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

HONG KONG — China Evergrande Group has set up a risk management committee as the cash-strapped property developer inches closer to a debt restructuring that…

Evergrande Moves Toward Restructuring as Debt Deadlines Loom

HONG KONG — China Evergrande Group shares slumped to a record low on Monday as authorities intervened to reassure markets after the heavily-indebted property…

Chinese property developer Evergrande Group is on the cusp of defaulting after warning Friday that it may not have the money to pay its obligations.