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Sunac China shares plunge

Developer Sunac China gets liquidation petition, Hong Kong judiciary website shows

A liquidation petition has been filed against indebted property developer Sunac China, the Hong Kong judiciary's website showed late on Thursday. The petition has been filed by a unit of asset manager China Cinda Asset Management,

Bloomberg L.P. · 19h

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.

MarketWatch · 3h

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, or equivalent of 17 U.S. cents, on Friday's afternoon trading.

Reuters · 7h

Sunac China shares plunge after liquidation petition filed against developer

Sunac China shares dropped as much as 30% on Friday after a liquidation petition was filed against the indebted developer, making it the latest company to face such a move amid an unprecedented debt crisis in China's property sector.

Business Insider · 4h

Sunac China Holdings Faces Winding-Up Petition

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China to Issue Central Bank Bills in Hong Kong

The Wall Street Journal on MSN · 1d

China to Issue Central Bank Bills in Hong Kong Amid Weakening Yuan

The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize the yuan’s exchange rate in the offshore market.

malaymail · 9h

Hong Kong mutual funds sell out as China eases trading limits

Chinese investors are buying up large amounts of Hong Kong mutual fund products that invest overseas, particularly bonds, after authorities expanded

Bloomberg on MSN · 1d

China Ramps Up Yuan Support With Record Hong Kong Bill Issuance

China expanded its support for the beleaguered yuan with a plan to issue a record amount of bills in the Hong Kong market to mop up excess liquidity.

48mon MSN

Why China's central bank has stopped bond purchases

The bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward ...

HSBC Analysts See 21% Upside for Hong Kong-Listed Chinese Stocks

HSBC Holdings Plc is turning bullish on Chinese stocks listed in Hong Kong, touting them as beneficiaries of more “favorable ...

International Monetary Fund1h

People’s Republic of China—Hong Kong Special Administrative Region: Staff Concluding Statement of the 2024 Article IV Mission

Hong Kong SAR’s economy is on a path of gradual but uneven recovery after a protracted period of shocks. With continued economic slack and external and domestic headwinds, policies should be geared ...

BroadwayWorld16h

Hong Kong Philharmonic Reveals January 2025 Lineup

The Hong Kong Philharmonic Orchestra will perform a series of concerts in January 2025. Learn more about the full lineup of ...

7hon MSN

Millennium Hedge Fund Spinoff Modular Expands to Hong Kong

Millennium Management spinoff Modular Asset Management plans to expand to Hong Kong, the latest hedge fund arrival as the ...

20h

China's Country Garden proposes deal to reduce offshore debt by $11.6 bln

Chinese property developer Country Garden on Thursday proposed a deal to restructure offshore debt worth $10.3 billion, ...

11hon MSN

Hong Kong’s Paul Chan meets Asean chief to promote city’s links with bloc

Survey of 600 Greater Bay Area businesses highlights bloc as top overseas destination among firms seeking to diversify supply ...

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