Moody's downgrades China Vanke's credit rating to “junk” status
Moody has now downgraded Vanke's credit rating from "investment grade" to "junk," giving it a Ba1 rating.
Property markets
China reportedly is taking new steps to support its property market
China is reportedly going the extra mile to boost its struggling property market.
From Evergrande's debt restructuring update to crocodiles in Hong Kong – Here are today's Headlines
Last month, the plan was for Evergrande to restructure its debt.
Evergrande has extended its debt restructuring plan deadline
If you haven't heard of it yet, the China Evergrande Group, aka Evergrande, is the second largest property developer in China. Or, at least, it was.
From Hong Kong home sales on the rise to the return of the flip phone – Here are today's Headlines
Hong Kong's property market took a massive hit last October, dropping to the lowest prices in five years.
Hong Kong home sales reach a 20-month high
Hong Kong's property market took a massive hit last October.
China is dealing with a surge in early mortgage repayments
Homeowners have found a way to manage their finances by taking out short-term loans to prepay their mortgages.