Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Futu...
Tag: Shimao Group Holdings Ltd
Chinese property developers’ cash flows have plunged by more than 20%
Analysts generally expect state-owned enterprises will perform better than non-state-owned developers in the latest real estate slump. Pictured here in Guangxi, China, on Aug. 15, 2022, is a real esta...
Moody’s downgrades China property developer Shimao over debt troubles
Signage at the Intercontinental Shanghai Wonderland Hotel, developed by Shimao Group Holdings, in Shanghai, China, on Feb. 9, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Moody’s downgr...
Shimao says it’s in talks for property sales to help with debt problems
An elderly couple walk past a sign in front of Shimao Tower, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Chi...
China’s property problems spread to once-healthy developers like Shimao
InterContinental Shanghai Wonderland, a luxury hotel developed by Shimao and managed by IHG, opened in 2018 and is pictured here on Oct. 11, 2020. Costfoto | Future Publishing | Getty Images BEIJING —...