Reported about 16 hours ago
As China's property crisis marks its fifth year, distress signals surface as major developers face default risks, struggling with home sales and high debt levels. Authorities have requested insurers to report on the financial health of prominent firms like China Vanke, while other companies in Hong Kong seek to extend loan maturities amid an alarming decline in investor confidence. Despite government efforts to stabilize the market, the situation remains precarious with the possibility of more defaults looming in the near future.
Source: YAHOO