Topic: Greentown

Analysis: Greentown woes reveal risks in China property boom

Reuters US Online Report Business News - 148 days ago
HANGZHOU/HONG KONG (Reuters) - China is moving to choke off funding avenues to developers across the country, tightening or eliminating credit options in a bid to slow the rampant property market and bring down prices without sending the broader economy into a ...

Back From The Brink

Forbes - 1017 days ago
Slowing economic growth, government measures to brake China's property prices and heavy debt led Greentown's shares down by 90% from their high, to a low of HK$1.8 (23 cents) last October.. beleaguered bond and equity investors both got ...