A Kaisa Group construction site in Shanghai. Photo: Bloomberg
A Kaisa Group construction site in Shanghai. Photo: Bloomberg

China’s cash-strapped developers hold off defaults through deals with investors, but not out of the woods just yet

  • Kaisa reaches an agreement with investors that its wealth management product will pay a 10 per cent instalment on maturity followed by 10 per cent payments every three months
  • Aoyuan Group says it has reached a resolution with investors to extend the payment of its 816 million yuan asset support special plan

Topic |   China property
A Kaisa Group construction site in Shanghai. Photo: Bloomberg
A Kaisa Group construction site in Shanghai. Photo: Bloomberg
READ FULL ARTICLE