The proposal involves regulators allocating 20 billion yuan in special local government bonds to buy unsold properties and vacant land from Vanke, the report on Wednesday said, citing people familiar ...

Two types of cooking vessels, the "double-handled cauldron (鬲 pronounced as li)" and the "narrow-mouthed steamer (甗 pronounced as yan)," typify the pottery at the Shimao site. The li cauldron ...

The high court has postponed the liquidation petition against Shimao for the third time, following previous adjournments on July 31 and June 26 this year. A liquidation case against Chinese ...

China Vanke, another cash-strapped developer backed by the Shenzhen government, saw its CEO detained by the police last Thursday, according to state media reports. The developer faces US$4.9 ...

A Shimao Group Holdings Ltd. lender is in talks with private credit investors in hopes of offloading a $1.3 billion loan due this year tied to a luxury apartment complex that’s key to a ...

Isn’t it frustrating when a visiting pundit saunters into your city, passes instant judgment on it and declares that it’s slipping? I say this as someone who, during my years in Hong Kong ...

A cross-border battle is under way between retailers looking to attract Hongkongers, as mainland Chinese operators offer free coaches to Shenzhen in the run-up to Lunar New Year, while shopping ...

(Bloomberg) -- Defaulted developer Shimao Group Holdings Ltd. on Thursday will seek a Hong Kong court’s approval to hold a creditor meeting for a vote on its $11.5 billion restructuring plan ...

Defaulted developer Shimao Group Holdings Ltd. received a Hong Kong court’s approval to hold a creditor meeting for a vote on its $11.5 billion restructuring plan, days after it received another ...

Latest move adds uncertainty to builder’s restructuring effort Shimao to ask court approval this week to hold debt plan vote Shimao Group Holdings Ltd. received another liquidation petition in Hong ...

HONG KONG, Jan 13 (Reuters) - Shares of China's Shimao Group (0813.HK), opens new tab dropped 15% to HK$0.73 on Monday, their lowest since Sept. 26, after the property developer received a ...