News for China Aoyuan Group Limited (3883.HK)

Key Takeaways: Shares of smaller developers like Yuzhou and Aoyuan have plunged this year under similar, if not bigger, liquidity pressures to those faced by giants like Evergrande and Country Garden Moody’s downgraded its outlook for China’s entire property sector to ‘negative’ last month

Tanking shares and missed debt payments for smaller, privately-owned names like Yuzhou, Times China and Aoyuan are a lesser-known story in China’s stressed-out real estate sector.

Positive economic data for China growth and the approved restructuring of a major property developer lifted stocks in Hong Kong Thursday in the mid-morning session, although most failed to hold onto the gains in the afternoon. Hang Seng Index was flat by end of the trading day, just 10 basis points higher at 17,212.43 points.

More than 30 firms, including at least two major Chinese property developers, saw trading in their shares halted in Hong Kong today after they failed to report annual results.

Ray Dalio’s Bridgewater Associates posted a December return of 7.8% through Wednesday for its flagship hedge fund and is now poised to book its best annual performance since 2018, after a lackluster...

Market Overview Analysis by MarketPulse (Jeffrey Halley) covering: EUR/USD, GBP/USD, USD/JPY, AUD/USD. Read MarketPulse (Jeffrey Halley)'s latest article on Investing.com

Rating Action: Moody's reviews China Aoyuan's ratings for downgradeRead the full article at Moody's

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