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HONG KONG -- Sino-Ocean Group Holding has become the latest mainland Chinese developer to face a liquidation plea in a Hong Kong court, as the country's property market continues to struggle.
HONG KONG -- Chinese authorities have demanded that the electric vehicle unit of embattled property developer China Evergrande Group repay 1.9 billion yuan ($262 million) in subsidies, dealing a fresh blow to its stock.
HONG KONG -- China's securities regulator on Friday said it has penalized embattled developer China Evergrande Group for fraud related to the issuance of onshore bonds, although it appeared to be repeating what the developer itself had disclosed in March.
HONG KONG -- Fosun International has reached a deal to sell German private bank Hauck Aufhauser Lampe to Dutch government-backed ABN Amro Bank for 672 million euros ($730.4 million).
HONG KONG -- A trust arm under Ping An Insurance has acknowledged its failure to make an overdue payment on a product invested in a project by a Hong Kong-listed Chinese property developer, signaling that the country's real estate downturn is taking a toll on the broader financial sector.
HONG KONG -- A series of collaborative measures rolled out this week by Beijing and Hong Kong officials aimed at boosting Asia's worst performing markets appears to have done little toward persuading foreign investors to return.