{"id":106975,"date":"2019-05-09T15:30:05","date_gmt":"2019-05-09T08:30:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-state-backed-private-equity-starts-a-fund-to-buy-out-distressed-debt-take-advantage-of-nations-deleveraging-campaign\/"},"modified":"2019-05-09T17:05:39","modified_gmt":"2019-05-09T10:05:39","slug":"chinas-state-backed-private-equity-starts-a-fund-to-buy-out-distressed-debt-take-advantage-of-nations-deleveraging-campaign","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-state-backed-private-equity-starts-a-fund-to-buy-out-distressed-debt-take-advantage-of-nations-deleveraging-campaign\/","title":{"rendered":"China\u2019s state-backed private equity starts a fund to buy out distressed debt, take advantage of nation\u2019s deleveraging campaign"},"content":{"rendered":"


\nCitic Capital, one of the largest private equity firms backed by the Chinese state, is raising US$500 million for its first buyout fund for distressed assets in China, placing a bet on the opportunities available in the country\u2019s campaign to shed debt.\u201cThere are lots of good real estate projects with stable operating income, but which are sold simply because they, or their owners, have run into liquidity problem,\u201d Citic Capital\u2019s senior managing director Stanley Ching, who oversees the company\u2026
\n
\nSource : South China Morning Post
\nRead more…China\u2019s state-backed private equity starts a fund to buy out distressed debt, take advantage of nation\u2019s deleveraging campaign<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Citic Capital, one of the largest private equity firms backed by the Chinese state, is...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-106975","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rPp","jetpack-related-posts":[{"id":8416,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-overseas-land-aims-to-close-citic-deal-in-six-months\/","url_meta":{"origin":106975,"position":0},"title":"China Overseas Land aims to close Citic deal in six months","date":"March 18, 2016","format":false,"excerpt":"\r Property giant China Overseas Land & Investment said it aims to complete the acquisition of assets from Citic, China\u2019s largest state-backed conglomerate, in less than six months as it reported net profit increased 22.5 per cent last year.\r \r Source : South China Morning Post\r Read more...China Overseas Land\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7870,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-conglomerate-citic-swaps-residential-properties-for-china-overseas-shares-and-commerical-projects\/","url_meta":{"origin":106975,"position":1},"title":"Chinese conglomerate Citic swaps residential properties for China Overseas\u2019 shares and commerical projects","date":"March 14, 2016","format":false,"excerpt":"\r Citic, China\u2019s largest state-backed conglomerate, will sell around 31 billion yuan worth of mainland residential property projects to China Overseas Land & Investment in exchange for a 10 per stake in the property giant and 6.15 billion yuan of the latter\u2019s commercial\r \r Source : South China Morning Post\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-us6-6b-bond-rattles-markets-prompts-round-of-head-scratching\/","url_meta":{"origin":106975,"position":2},"title":"China Evergrande\u2019s US$6.6b bond rattles markets, prompts round of head-scratching","date":"June 29, 2017","format":false,"excerpt":"\r China Evergrande Group has come under the spotlight after it issued a US$6.6 billion bond last week, the largest US dollar bond ever completed in Asia, even as the debt-laden property giant has vowed to deleverage. Evergrande, the country\u2019s largest, yet most indebted developer with a debt-equity ratio over\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118435,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developers-face-potential-price-war-in-second-half-amid-glut-as-state-issues-red-lines-in-deleveraging-campaign\/","url_meta":{"origin":106975,"position":3},"title":"Chinese developers face potential price war in second half amid glut as state issues \u2018red lines\u2019 in deleveraging campaign","date":"September 2, 2020","format":false,"excerpt":"\r China\u2019s biggest developers are likely to step up price discounting this year to clear a growing pile of unsold homes, with authorities sounding another alarm in their deleveraging campaign to pre-empt any financial shock to the economy.Completed but unsold homes amounted to 480 million square metres (5.16 billion square\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":57942,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ellis-short-raises-2bn-to-invest-in-distressed-property-debt-market\/","url_meta":{"origin":106975,"position":4},"title":"Ellis Short raises $2bn to invest in distressed property debt market","date":"June 15, 2017","format":false,"excerpt":"\r Private equity fund to focus on UK, Germany, Netherlands, Italy and Portugal\r \r Source : ft.com\r Read more...Ellis Short raises bn to invest in distressed property debt market","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113179,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/state-backed-conglomerate-citic-pacific-wins-bid-for-tai-hang-luxury-residential-site-for-hk3-2-billion\/","url_meta":{"origin":106975,"position":5},"title":"State-backed conglomerate Citic Pacific wins bid for Tai Hang luxury residential site for HK$3.2 billion","date":"December 18, 2019","format":false,"excerpt":"\r Hong Kong-listed and Chinese state-backed conglomerate Citic Pacific has won a luxury residential plot in Tai Hang, southeast of Causeway Bay, for HK$3.2 billion (US$410.8 million), the city\u2019s Lands Department said on Wednesday.The company beat 24 other bidders for the plot, which was initially expected to go for a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106975"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=106975"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/106975\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=106975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=106975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=106975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}