Press "Enter" to skip to content

Nearly 300 Chinese property developers go bankrupt this year amid liquidity crunch

Last updated on July 26, 2019

Chinese authorities have been tightening financing rules for real estate developers to curb risks in the sector and prevent the housing market from overheating. That has added to pressure on cash-starved developers and brings many of them, especially small-sized ones, to bankruptcy.

As of July 23, 271 property developers had declared bankruptcy this year and in July alone, 34 developers have declared bankruptcy, equivalent to an average of 1.48 bankruptcy case each day, according to the record . . .

To continue reading, please subscribe and you will get:

 

  • ORIGINAL, DATA-DRIVEN & IN-DEPTH STORIES 
  • THE WIRE An all-in-one platform with up-to-the-minute updates of market-moving news and views sources via a network of journalists, traders, brokers, analysts, etc. and from multiple credible news outlets in mainland China. We The Wire 24/7, we walk you through every trading day in mainland China and Hong Kong.
  • DETAILS - General information is everywhere, but information with details is rare.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

Already have an account? Sign In

 

 

Top