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Tag: Asset-backed securities (ABS)

Shimao is reportedly looking to sell its residential and commercial properties.
‘Healthy’ Chinese Property Developers Affected by Raging Real Estate Crisis
Shimao Group, believed to be one of the healthiest developers in China amidst the country’s ongoing real estate crisis, has shocked investors by reportedly defaulting on its obligations. Shimao has about $10.1 billion in outstanding...
Chinese Property Developers to Raise Funds Through Supply Chain Asset-Backed Securities
The Chinese real estate sector is going through tough times as many developers are facing financial troubles, and are unable to pay their suppliers or debt holders. To help deal with the issue, Chinese regulators...