* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, September 29, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

    ‘Today’: Sheinelle Jones Thanks Katie Couric for Support After Husband’s Death – CBS 19 News

    Sheinelle Jones Expresses Heartfelt Thanks to Katie Couric for Support After Husband’s Passing

    Sate your hunger at DBA’s Taste of Downtown – Bakersfield.com

    Indulge Your Cravings at DBA’s Taste of Downtown!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Aurora police hope to add facial recognition technology to crime-fighting tools – CBS News

    Aurora Police Aim to Boost Crime-Fighting with New Facial Recognition Technology

    Autonomous Solutions shows off cutting-edge technology for the public – Cache Valley Daily

    Autonomous Solutions Unveils Cutting-Edge Technology for the Public

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

    ‘Today’: Sheinelle Jones Thanks Katie Couric for Support After Husband’s Death – CBS 19 News

    Sheinelle Jones Expresses Heartfelt Thanks to Katie Couric for Support After Husband’s Passing

    Sate your hunger at DBA’s Taste of Downtown – Bakersfield.com

    Indulge Your Cravings at DBA’s Taste of Downtown!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Aurora police hope to add facial recognition technology to crime-fighting tools – CBS News

    Aurora Police Aim to Boost Crime-Fighting with New Facial Recognition Technology

    Autonomous Solutions shows off cutting-edge technology for the public – Cache Valley Daily

    Autonomous Solutions Unveils Cutting-Edge Technology for the Public

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

China Trust Lender Admits $37.5B Shortfall and More Asia Real Estate Headlines

November 25, 2023
in Technology
China Trust Lender Admits $37.5B Shortfall and More Asia Real Estate Headlines
Share on FacebookShare on Twitter

Zhongrong

Zhongzhi’s Zhongrong unit has been a major lender to development projects (Getty Images)

A mainland trust lender which lent to many of China’s developer’s has joined the country’s insolvency wave and that $37.5 billion shortfall leads today’s set of real estate headlines from around Asia. Also in the news, Hong Kong’s New World is buying back bonds to reduce its debt and a bungalow which once belonged to one of India’s biggest movie stars is set to make way for luxury homes.

Chinese Shadow Bank Admits $37.5B Shortfall After ‘Management Ran Wild’

One of China’s biggest financial conglomerates with links to the country’s ailing property market has admitted a shortfall of nearly £30 billion ($37.5 billion) as it warned investors that it is “severely insolvent”.

Zhongzhi, an asset and wealth management company in China’s shadow banking sector, said its total assets amounted to RMB 200 billion ($28 billion) against obligations of up to RMB 460 billion, in a letter to shareholders issued on Wednesday. Read more>>

New World Development Offers to Buy Back $600M of Bonds

New World Development offered to buy back as much as $600 million of its outstanding dollar-denominated debt through a public tender to manage its debt load, days after receiving HK$21.8 billion ($2.8 billion) from an asset sale to its controlling family.

The Hong Kong developer offered to repurchase part of five bonds maturing between 2027 and 2031 and two perpetual securities with a combined outstanding face amount of $4.14 billion, according to a stock exchange filing on Thursday. The offer prices exclude accrued interest on the bonds. Read more>>

Godrej to Launch $60M Residential Project at Raj Kapoor Mumbai Bungalow

Godrej Properties, has announced plans to launch a residential project worth INR 5 billion ($60 million) at the site of the iconic Raj Kapoor bungalow in Mumbai.

The bungalow, which was once the residence of legendary Bollywood actor Raj Kapoor, holds a special place in the hearts of many Indians. The decision to transform this historic site into a residential project has been met with a mix of nostalgia and anticipation. Read more>>

China Races to End Property Panic, Fill $446B Funding Gap

Chinese leaders are making their most forceful push yet to end the nation’s property crisis, ramping up pressure on banks to plug an estimated $446 billion shortfall in funding needed to stabilise the industry and deliver millions of unfinished apartments.

Policymakers are finalising a draft list of 50 developers eligible for financial support that includes Country Garden Holdings and Sino-Ocean Group and indicated a pivot by Beijing to help some of the most distressed builders. Meanwhile, the country’s top lawmaking body said banks should increase funding for developers to reduce the risk of additional defaults and make certain that housing projects get completed. Read more>>

Warburg Pincus, Partners Offload $90M in India Finance Firm Shares

Global private equity firm Warburg Pincus and two promoter group entities divested shares of Home First Finance worth INR 7.5 billion ($90 million) via open market on Thursday, for the second time in six months, according to bulk deals data.

Warburg Pincus, via its subsidiary Orange Clove Investments BV, divested 2,883,819 shares, representing a 3.3 percent stake in the affordable housing financing company, for approximately INR 2.51 billion. Read more>>

Chow Tai Fook Executive Denies Rumours of New World Family Rift

A top executive of jewellery retailer Chow Tai Fook and a member of Hong Kong’s affluent Cheng clan that controls the property developer New World Development denied rumours of a family rift over succession plans.

At a press conference on Thursday to announce Chow Tai Fook’s interim results, vice-chairman Conroy Cheng Chi-heng categorically denied rumours of family discord or property disputes. Conroy Cheng is also the nephew of Henry Cheng Kar-shun, the patriarch and chairman of Chow Tai Fook and New World Development. Read more>>

Vietnam to Extend Anti-Graft Drive as Real Estate Fraud Hits 3% of GDP

Vietnam’s top leader vowed to extend “for the long-term” an anti-corruption campaign that has had a chilling effect on the economy, after police revealed financial scandals in the real estate sector worth more than 3 percent of gross domestic product.

The campaign against graft has been under way since 2016, but gained momentum last year after authorities in the Communist-ruled country cracked down on several high-profile frauds and corruption cases involving top corporate executives and high-ranking state officials. Read more>>

Phoenix Mills, Shriram Bullish on Kolkata Real Estate

India‘s two top real estate companies, The Phoenix Mills and Shriram Properties are bullish about real estate scenario in the city. Speaking at the Bengal Global Business Summit (BGBS), CEO, Shriram Properties, M Murali, highlighted the city’s substantial housing demand, estimating the need for over 1 million new homes given Kolkata’s population of 8.7 million.

Addressing a session on urban development and real estate, Murali emphasised the economic contribution of six key states, including Bengal, constituting 52 percent of India’s GDP. Read more>>

Tune in again soon for more real estate news and be sure to follow @Mingtiandi on X, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/real-estate/crelist/roundup-china-trust-lender-admits-37-5b-shortfall/

Tags: ChinatechnologyTrust
Previous Post

Hong Kong Slips in Global Retail Rent Rankings as Recovery Lags

Next Post

Opera Theatre Sold for Reported $128M in Hong Kong’s Latest Occupier Buy

WEEKEND SCENE: Wolves, salmon, stormwater, more at 2025 West Seattle Ecology Fair, report #1 – West Seattle Blog…

Discover Wolves, Salmon, Stormwater, and More at the 2025 West Seattle Ecology Fair!

September 29, 2025
The Real Threat to Faith Isn’t Science – The Gospel Coalition

The Real Threat to Faith Isn’t Science – The Gospel Coalition

September 29, 2025
Trump Distorts Facts on Autism, Tylenol and Vaccines, Scientists Say – hepmag.com

Scientists Disprove Claims Connecting Autism to Tylenol and Vaccines

September 29, 2025
Our Favorite Store-Bought Coleslaw Can Be Found At Many Grocery Stores – Yahoo

Our Favorite Store-Bought Coleslaw Can Be Found At Many Grocery Stores – Yahoo

September 29, 2025
Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

September 29, 2025
Arrowheadlines: NASCAR driver sits in on Chiefs quarterback meeting – Yahoo Sports

NASCAR Driver Shocks Fans by Joining Chiefs Quarterback Meeting in Unexpected Crossover

September 29, 2025
California has the longest light-rail line in the world. It doesn’t quite work – sfchronicle.com

California Boasts the World’s Longest Light-Rail Line – But It Still Faces Major Challenges

September 29, 2025
Tourism to Shenandoah National Park contributes $175 million to local economy – InsideNoVa.com

Tourism to Shenandoah National Park Injects $175 Million into Local Economy

September 29, 2025
Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

September 29, 2025
Governor calls on Congress to extend tax credits to protect affordable health care coverage – NKyTribune

Governor Calls on Congress to Extend Tax Credits and Protect Affordable Health Care Coverage

September 29, 2025

Categories

Archives

September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (842)
  • Economy (863)
  • Entertainment (21,737)
  • General (17,309)
  • Health (9,906)
  • Lifestyle (876)
  • News (22,149)
  • People (865)
  • Politics (873)
  • Science (16,073)
  • Sports (21,363)
  • Technology (15,846)
  • World (845)

Recent News

WEEKEND SCENE: Wolves, salmon, stormwater, more at 2025 West Seattle Ecology Fair, report #1 – West Seattle Blog…

Discover Wolves, Salmon, Stormwater, and More at the 2025 West Seattle Ecology Fair!

September 29, 2025
The Real Threat to Faith Isn’t Science – The Gospel Coalition

The Real Threat to Faith Isn’t Science – The Gospel Coalition

September 29, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version