In today’s roundup of regional news headlines, debt-saddled developer Sunac China Holdings is reportedly shopping its stake in a Shenzhen snow park project, the city of Suzhou moves to ease homebuying rules to spur sales, and declining GDP clouds Hong… Read More>>
Bank Grabs Assets of Defaulting Chinese Developer
A government-owned bank in the city of Jinan has confiscated and begun selling off the assets of a delinquent local government real estate company, after successfully suing the property firm in court.
Qilu Bank Co, announced last week that it… Read More>>