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Top related persons:
Aly - 2 J.P.Morgan - 2 Katherine Lei - 2 Roshan Abraham - 2 Varun - 2 Lei - 1 JPM - 1 Morgan - 1
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Shanghai China Bengaluru HK Beijing Milan
Top related orgs:
Shanghai Country Garden - 2 REUTERS - 2 Thomson - 2 Country Garden - 1 HK - 1 Monday's - 1 China's - 1 Zhongzhi Enterprise Group - 1

Search resuls for: "Katherine Lei"


2 mentions found


☆ JPM warns of higher risk for Chinese REITs after Country Garden's troubles
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +2 min
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File PhotoAug 14 (Reuters) - Brokerage J.P.Morgan warned on Monday an estimated 2.8 trillion yuan ($385.78 billion) worth of assets under the management of Chinese real estate investment trusts (REITs) face higher risk following the debt payment delays by Country Garden (2007.HK). Country Garden, China's largest private developer, is seeking to delay payment on a private onshore bond for the first time after suspending trading in 11 onshore bonds. More broadly, rising trust defaults would drag economic growth by 0.3-0.4 percentage points directly, JPM warned. ($1 = 7.2581 Chinese yuan renminbi)Reporting by Roshan Abraham in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.
Persons: Aly, J.P.Morgan, Katherine Lei, Lei, JPM, Roshan Abraham, Varun Organizations: Shanghai Country Garden, REUTERS, Country Garden, HK, Monday's, Thomson Locations: Shanghai, China, Bengaluru
☆ China's Country Garden woes raise fears of REIT defaults - J.P.Morgan
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +2 min
The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File PhotoAug 14 (Reuters) - Turmoil at China's largest private developer Country Garden could set off a "vicious cycle" of financing stress on the country's real estate investment trusts (REITs), brokerage J.P. Morgan warned on Monday. These fresh worries come as Country Garden sought to delay payment on a private onshore bond for the first time and suspended trading in 11 onshore bonds. "The default events may lead to a chain reaction on developer financing, adding stress to POE (privately owned enterprise) developers and their creditors." Rising trust defaults would drag economic growth by 0.3-0.4 percentage points directly, J.P.Morgan warned.
Persons: Aly, Morgan, Katherine Lei, POE, J.P.Morgan, Nomura, Roshan Abraham, Susan Mathew, Danilo Masoni, Varun, Arun Koyyur Organizations: Shanghai Country Garden, REUTERS, China's, Zhongzhi Enterprise Group, Zhongrong, China Evergrande, Thomson Locations: Shanghai, China, HK, Beijing, Bengaluru, Milan
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