SCOOP: A China office complex forfeited by a BlackRock fund is close to being sold at a more than 40% discount in a deal that would lead to losses for the US asset manager and banks including Standard Chartered backing it, people familiar say.via @business https://t.co/7ezmlPPab2
Latest: A year after Evergrande was ordered into liquidation, the battle for scraps from one of the world’s biggest corporate implosions is intensifying behind the scenes. via @business https://t.co/qWVGijqTWs
SCOOP: BlackRock has walked away from the loan behind the property, opting not to make a payment for a loan led by Standard Chartered. https://t.co/Xxf7BNxmOs via @business
A Hong Kong office building majority held by Goldman Sachs Group Inc. has cut its asking price by at least one-third, underscoring the depth of the downturn in the city’s property market. https://t.co/7Dm8IF1bI5
China’s securities watchdog plans to hold a meeting on the real estate market on Friday, sources say, underscoring growing urgency among regulators to deal with a worsening property crisis https://t.co/eSmpeFWcD9
Yang Huiyan became China's richest woman at age 25.
Now the 41-year-old tycoon has lost more wealth than any other billionaire in the world in just over two years https://t.co/kTb16xSu2D