Sunac China Shares Fall Sharply

China's Shimao Group receives liquidation petition
China's Shimao Group said on Friday CPYM Link Investment Limited had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.19 million) cross-border loan guarantee provided by the property developer.
Sunac China Faces Winding-Up Petition Amid Financial Pressures
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Sunac China Shares Fall Sharply After Receiving Winding-Up Petition
Shares of Chinese property developer Sunac China tumbled after the company received a winding up petition as the country continues to struggle with its property sector downturn. Shares fell 24% to 1.33 Hong Kong dollars,
Chinese developer Sunac’s shares tumble 26% after liquidation petition
Shares in Chinese developer Sunac plummeted on Friday after the company revealed it was the subject of a petition in Hong Kong seeking to wind it up, the latest in a series of legal moves against heavily indebted mainland property groups.
Sunac China shares, bonds sink after liquidation petition filed against developer
By Clare Jim HONG KONG (Reuters) -Sunac China shares and bonds plunged on Friday after a liquidation petition was filed against the property developer, adding to concerns over its business recovery and repayment ability despite an offshore debt restructuring in 2023.
Developer Sunac China Receives Liquidation Petition in Hong Kong
Defaulted builder Sunac China Holdings Ltd. has received a liquidation petition in Hong Kong, according to the city’s judiciary website.
China's Economy Faces Disaster as Population Ages
A top Civil Affairs Ministry official stressed new reforms must be rolled out over the next decade to be effective.
China warns citizens of telecom fraud after reports of scams in Myanmar
China's embassy in Myanmar on Friday urged Chinese nationals to be vigilant against telecom and online fraud after multiple ...
How China Is Advancing in AI Despite U.S. Chip Restrictions
It was almost a year before a handful of Chinese AI chatbots received government approval for public release. Some questioned ...
China's bond market is signaling worry over a possible decades-long economic downturn
China's bond yields have plunged to all-time lows in recent weeks, drawing parallels to Japan's "lost decades," a long period ...
China's central bank halts treasury bond buying citing short supply
China's central bank said on Friday it has decided to suspend treasury bond purchases temporarily due to short supply of the ...
Rising HMPV cases in China are ‘what we would expect to see’ in winter, health officials say
As China experiences a rise in respiratory infections this winter, one little-known virus has gotten a lot of attention – and ...
China Makes More Cars Than It Needs. Now, It’s Shakeout Time.
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Here are some of China’s New Year resolutions to boost its economy
China's leaders are bracing for potential shocks to the economy from higher tariffs once U.S. President-elect Donald Trump ...
China is back to hoarding gold ahead of an uncertain time for its economy in Trump's second term
Goldman Sachs predicts gold could reach $3,000 per ounce by the second quarter of 2026 amid strong central bank demand.
China bets on kitchen appliances to boost economy
China's top economic planning body has said the schemes, which were launched in March, have already produced "visible effects ...
AI Chip Curbs Trigger Rare Public Fight: Tech Giants vs. China Hawks
Behind the clash is a new Biden administration effort to block China’s access to sensitive technologies.
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China marches ahead of US in critical race for Mars rocks
China's Tianwen-3 mission aims to return Martian soil by 2031, outpacing NASA’s delayed Mars sample return mission, now set ...