ug环球代理开户www.ugbet.us)开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。

A man and a child walk by a construction site under property developer CIFI Holdings in Wuhan, Hubei province, China, February 4, 2016. . REUTERS/Stringer

SHANGHAI: Investors dumped shares and bonds of Chinese property developers on Wednesday, after a media report that CIFI Holdings (Group) Co had defaulted, adding to worries over the crisis-stricken real estate sector.

Hong Kong-listed shares of CIFI Holdings tumbled 26% in morning trading to a record low, after credit intelligence provider Reorg reported that the Chinese developer had missed payment on certain non-standard debt.

In response to questions about the report, CIFI said it is actively seeking solutions, without giving further details. The company's website said it was China's eighth-largest listed developer last year.

The share slump, which also came after CIFI's chairman predicted "unprecedented" liquidity stress ahead, triggered savage sell-offs in the sector.

An index tracking mainland developers listed in Hong Kong tumbled more than 5% to record lows.

In Shanghai, bonds issued by property firms including CIFI Holdings, Sunac Real Estate and Gemdale Corp were among the biggest losers. The Shanghai Stock Exchange later said it was suspending trading in a CIFI bond due to abnormal fluctuations.

The panic selling, which weighed on an already bearish market, reflects lingering investor pessimism toward the property sector despite a slew of measures by Beijing to aid the sector.

,

皇冠正网www.hg108.vip)是一个开放皇冠正网即时比分、皇冠正网注册的平台。皇冠正网平台(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP。

,

It also shows markets doesn't expect fresh property stimulus to be announced during or immediately after the 20th Communist Party Congress to be held from Oct. 16.

CIFI Holdings missed payment of debt under a project company known as Tianjin Xingzhou Real Estate Development Co, Reorg reported, citing sources.

In a letter to employees dated Sept. 27, CIFI Chairman Lin Zhong said the company's priority now is to survive, as property sales in China remain sluggish amid COVID-19 outbreaks, an economic slowdown, and a morgtage boycott.

"Hardship and ordeal will persist for quite a long period of time," Lin said in the letter, which was widely distributed via social media and confirmed by the company.

"In the coming months, CIFI's cash flows will meet unprecedented challenges."

A source with direct contact with Lin told Reuters that Lin is under immense pressure, as there's no fresh, big policy support in sight, so "it's unclear when the industry can see a gleam of hope."

Last week, CIFI was downgraded by Fitch Ratings, which cited the developer's declining liquidity buffer and higher leverage.

Woes in China's property market worsened in August, with official data showing home prices, sales and investment all falling, adding pressure on the sputtering economy. A number of leading developers have defaulted on bonds. - Reuters


转载说明:本文转载自Sunbet。,

足球分析www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。足球分析上足球分析专家数据更新最快。足球分析开放皇冠官方会员注册、皇冠官方代理开户等业务。

Allbet Gaming声明:该文看法仅代表作者自己,与阳光在线无关。转载请注明:足球分析(www.99cx.vip):China real estate shares, bonds slump on report of CIFI default
发布评论

分享到:

新2平台出租:名媛「色」心打扮
你是第一个吃螃蟹的人
发表评论

◎欢迎参与讨论,请在这里发表您的看法、交流您的观点。