"Chinese State-Owned Bank Seeks Liquidation of Property Developer Shimao Over Unpaid Loan"
TL;DR Summary
A Chinese state-owned bank is seeking the liquidation of property developer Shimao Group due to its financial troubles, marking a significant development in the country's real estate sector. The move reflects the increasing pressure on Chinese property developers as they grapple with debt and regulatory challenges amid a broader crackdown on the sector by the government.
Topics:business#chinese-state-owned-bank#finance#financial-troubles#liquidation#property-developer#shimao
- Chinese state-owned bank seeks liquidation of property developer Shimao Financial Times
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- China's Shimao faces liquidation suit over failure to pay $202 million loan Reuters
- Chinese Developer Shimao Receives Wind-Up Petition in Hong Kong Bloomberg
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