Billionaire Sun Hongbin’s Sunac Defaults On Dollar Bond Payments

Sun Hongbin, chairman and CEO of Sunac, listens during a news conference in Hong Kong Jerome Favre/Bloomberg Sunac China Holdings, the real estate developer headed by billionaire Sun Hongbin, said it ...

China Sets Slowest GDP Growth Target In More Than 30 Years As Challenges Mount

A woman wearing a face mask walks near the CCTV building at the international trade area of Beijing. … [+] SOPA Images/LightRocket via Getty Images China aims to grow its economy by around 5.5% ...

China’s Top Property Tycoons See Fortunes Drop $30 Billion With Even More Losses Expected

Hui Ka Yan, Yang Huiyan and Sun Hongbin have all seen their fortunes tumble this year. Bloomberg The days of property moguls dominating China’s wealth rankings appear to be at an end. Beijing’s campai...