Fitch downgrade Dalian Wanda’s long-term foreign-currency issuer default raging to Restricted Default >>>
CICC slashed Country Garden Services’ 2023 net profit by 89%, target price by 19%after impairment provisions >>>
Home mortgage rates in China’s major cities declined further in Dec, waiting time remained shortest since 2019 – research >>>
China’s new home sales flattened out on year last week; gradual release of phased sell-off pressure on property developers lead to trading opportunities – CICC >>>
Country Garden Services’ impairment announcement consolidated market concerns, expected to write down almost all receivables from Country Garden – JPMorgan
Country Garden Services’ annual dividend expected to be zero as impairment makes up 75% – 96% of net profit forecast – UBS >>>
Country Garden Services’ impairment provision in line with expectations, more impairments expected in coming years – Morgan Stanley >>>
Country Garden Services expects 2023 net profit to decrease 4.1 bn yuan due to impairment provision >>>
China’s fiscal revenue rose at faster pace in November, fiscal spending grew for fourth consecutive month >>>
