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Top related persons:
Yang Huiyan - 3 Yang Guoqiang - 3 Yang - 3 Hong Kong CNN — - 1 ” - 1 Krishna Srinivasan - 1 Srinivasan - 1 Yeung Kwok - 1
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Hong Kong Beijing China Asia Wall Silicon Ukraine . Hong Kong
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Bloomberg - 2 Service - 2 CNN - 2 Hong Kong CNN - 1 National Bureau of Statistics - 1 International Monetary Fund - 1 NBS - 1 IMF - 1

Search resuls for: "Yang Guoqiang"


5 mentions found


☆ Country Garden and China's housing market struggle will weigh on global growth
  + stars: | 2023-10-19 | by ( Laura He | ) edition.cnn.com   time to read: +4 min
Hong Kong CNN —China’s real estate market remains a drag and will put pressure on global growth. The data comes at a time when Country Garden, once the country’s biggest homebuilder, is fighting for its life. The property slowdown will impact not just China, but also global growth, the International Monetary Fund (IMF) said on Wednesday. Global impactThe IMF said China’s property downturn will weigh on global growth prospects. Country Garden issued a statement on Thursday, threatening to pursue legal action against anyone spreading “malicious rumors” about its founder fleeing the country.
Persons: Hong Kong CNN —, ”, Krishna Srinivasan, Srinivasan, Yang Huiyan, Yang Guoqiang Organizations: Hong Kong CNN, National Bureau of Statistics, International Monetary Fund, NBS, IMF, Pacific Department Locations: China, Hong Kong, Beijing, Ukraine, Asia
☆ Country Garden is set to pay its chairperson $28 million in dividends. Bondholders are now eyeing her huge $5.3 billion fortune to help the struggling property developer.
  + stars: | 2023-08-11 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +4 min
Country Garden, a massive Chinese property developer, missed interest payments on two dollar bonds this week. On Friday, Yang could receive $28 million in dividends from her personal stake in Country Garden's services unit, according to Bloomberg calculations. Most of her wealth comes from a 52.60% stake in Country Garden Holdings, Insider previously reported. Country Garden did not respond to a request for comment from Insider. Hong Kong-listed Country Garden Holdings shares are down 6% to 98 Hong Kong cents apiece at last check.
Persons: Yang Huiyan, Yeung Kwok, Yang Guoqiang —, Yang, Hui Ka Yan, JPMorgan Chase, Iris Chen, Chen Organizations: Bloomberg, Service, Garden Holdings, Hong, JPMorgan, Nomura, . Locations: Wall, Silicon, Beijing, Hong Kong, . Hong Kong
☆ China's heading for another real estate crisis — but it's on a whole different scale than what it's seen before
  + stars: | 2023-08-10 | by ( Nidhi Pandurangi | ) www.businessinsider.com   time to read: +8 min
Country Garden, a massive Chinese property developer, missed interest payments on two dollar bonds this week. However, it's the scale of Country Garden's projects that is a big warning signal for the Chinese real estate sector and the wider economy. Evergrande faced a liquidity crisis in 2020, prodding it to try to halve its around $100 billion debt by mid-2023. These efforts were scuppered by a slowdown in China's property sector and regulators' efforts to put brakes on property developers borrowing excessively. However, putting the brakes on borrowing started sending the property sector into a crisis.
Persons: Kristy Hung, Yang Guoqiang, Yang Huiyan, Yang, Moody's, Sandra Chow, Evergrande, Huileng Tan Organizations: Service, Bloomberg Intelligence, Hong Kong Stock Exchange, CNN, China Index Academy, Reuters, Pacific Research, New York Times, Caixa Bank Locations: Beijing, Wall, Silicon, China, Evergrande, Foshan, Asia, Pacific, CreditSights
☆ Country Garden CEO, Yang Huiyan, one of the world's richest women, loses 84% of fortune
  + stars: | 2023-08-09 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +2 min
Country Garden, once China’s largest developer, missed interest payments on two US dollar-denominated bonds, reports said Tuesday, troubling investors as China’s sinking property sector takes yet another hit. CNN has reached out to Country Garden for comment. Collapse in confidenceState-owned media outlet Paper.cn, citing an anonymous company source, reported that Country Garden suffered “temporary liquidity pressure” due to deteriorating sales and a difficult refinancing environment. Country Garden still has a 30-day grace period before would be labeled as a defaulter. Country Garden hit the public market in 2007 with a record-setting, headline-grabbing $1.7 billion IPO in Hong Kong.
Persons: New York CNN — Yang Huiyan, “, China’s, Yang, Yang Guoqiang Organizations: New, New York CNN, Bloomberg, CNN Locations: New York, Hong Kong
☆ One of China’s richest women takes over for her father at real estate developer Country Garden
  + stars: | 2023-03-02 | by ( Laura He | ) edition.cnn.com   time to read: +4 min
Yang Guoqiang, founder of Country Garden, attends a signing ceremony in November 2017 in Guangdong province. VCG/Getty ImagesThe elder Yang was a farmer and construction worker before he founded Country Garden in 1992. In little more than a decade, he grew the firm into one of the largest real estate developers in the country. Last year, Country Garden was China’s No 1 developer by sales, which reached $67 billion. An aerial view of a residential project developed by Country Garden in Zhenjiang city in eastern China's Jiangsu province in October 2021.
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