AD
2024-07-20 06:21:08 +0300

It's Not Just China Homebuyers. Now Property Suppliers Are Boycotting Loans.

Logo Bloomberg
Bloomberg

Some suppliers to Chinese real estate developers are refusing to repay bank loans because of unpaid bills owed to them, a sign that the loan boycott that started with homebuyers is starting to spread.

AD
AD

Hundreds of contractors to the property industry complained that they can no longer afford to pay their own bills because developers including China Evergrande Group still owe them money, Caixin reported, citing a statement it received from a supplier Tuesday.

Continue read on bloomberg.com

AD
Logo Channel NewsAsia
Business / FinanceBy Cna2024-07-14 13:09:24 +0300
SHANGHAI/SINGAPORE : Investors dumped China's banking and real estate stocks on Thursday, fearing deepening trouble in the property sector would begin to hit...

Logo CNN
EconomyBy Laura He2024-07-18 12:41:51 +0300
Hong Kong CNN Business — China is trying to ease panic over two of the biggest issues threatening social stability in the countrymortgage boycotts and frozen...

Logo CTV News
Business / FinanceBy Cnn2024-07-18 16:30:32 +0300
China is trying to ease panic over two of the biggest issues threatening social stability in the country mortgage boycotts and frozen bank accounts. On...

Logo CNN
EconomyBy Laura He2024-07-14 14:59:59 +0300
Hong Kong (CNN Business) China's real estate crisis is escalating, raising concerns about growing risks in the banking system. Desperate homebuyers across...

Logo Channel NewsAsia
Business / FinanceBy Cna2024-07-13 11:46:00 +0300
HONG KONG: A growing number of homebuyer groups across the country wrote to local regulators and banks that they will stop repaying mortgages as a protest...

Logo Channel NewsAsia
Business / FinanceBy Cna2024-07-13 11:46:13 +0300
HONG KONG : A growing number of homebuyer groups across the country wrote to local regulators and banks that they will stop repaying mortgages as a protest...

Logo CNBC
EconomyBy Evelyn Cheng2024-07-20 03:51:16 +0300
Key Points Last week, a spike in reported numbers of homebuyers halting mortgage payments prompted many banks to announce their low exposure to such loans....

Logo Nasdaq
Business / FinanceBy Reuters2024-07-14 10:42:21 +0300
By Clare Jim and Xie Yu HONG KONG, July 14 (Reuters) - Chinese banks are set to take a hit to asset quality from mortgage business as growing numbers of...

Logo Investing.com
EconomyBy Reuters2024-07-14 11:06:22 +0300
Reuters. FILE PHOTO: A vessel travels past some of the 39 buildings developed by China Evergrande Group that authorities have issued demolition order on, on...

Logo Bloomberg
Markets2024-07-14 05:30:50 +0300
A rapidly increasing number of disgruntled Chinese homebuyers are refusing to pay mortgages for unfinished construction projects, exacerbating the country’s...

Logo Channel NewsAsia
Business / FinanceBy Cna2024-07-14 10:47:11 +0300
HONG KONG : Chinese banks are set to take a hit to asset quality from mortgage business as growing numbers of homebuyers threaten to stop loan repayments to...

Logo Nasdaq
MarketsBy Reuters2024-07-20 07:51:10 +0300
By Clare Jim HONG KONG, July 20 (Reuters) - A revolt by Chinese homebuyers, who have threatened to stop paying mortgages on hundreds of unfinished housing...

Logo Bloomberg
Politics2024-07-19 06:16:35 +0300
It started as an act of protest by fed-up apartment buyers in a single project in a city in central China. Now tens of thousands of people around the country...

Logo Investing.com
MarketsBy Reuters2024-07-20 07:55:47 +0300
Reuters. FILE PHOTO: Under-construction apartments are pictured from a building during sunset in the Shekou area of Shenzhen, Guangdong province, China...

Logo Channel NewsAsia
Business / FinanceBy Cna2024-07-14 17:07:35 +0300
HONG KONG : China's banking and insurance regulator will keep financing for the real estate sector in a stable and orderly manner, the state broadcaster...

Logo Channel NewsAsia
Business / FinanceBy Shuli Ren2024-07-16 01:00:28 +0300
HONG KONG: It is spreading like wildfire. Homebuyers in China are refusing to pay the mortgage on properties theyve bought but that their financially...

Logo Fortune
Business / FinanceBy Yvonne Lau2024-07-18 19:05:23 +0300
Hundreds of thousands of Chinese homebuyers refusing to pay their mortgages. These protests have spread online, where censors are scrubbing all traces of...

Logo CNN
EconomyBy Laura He2024-07-04 13:08:40 +0300
Hong Kong (CNN Business)Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world's second...

Logo Bloomberg
Markets2024-07-13 05:40:07 +0300
Across China, homebuyers are refusing to pay mortgages as property developers drag on construction projects, escalating the country’s real estate crisis and...

Logo Nasdaq
Business / FinanceBy Reuters2024-07-14 09:47:48 +0300
Reuters Reuters HONG KONG (Reuters Breakingviews) - Chinas property crisis is leaping out of the frying pan and into the fire. Homebuyers in 22 cities are...