{"id":124296,"date":"2022-01-20T11:02:13","date_gmt":"2022-01-20T04:02:13","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-kaisa-and-other-indebted-developers-get-a-break-as-chinas-rate-cuts-release-funds-to-relieve-their-cash-crunch-and-mounting-debt\/"},"modified":"2022-01-20T12:04:17","modified_gmt":"2022-01-20T05:04:17","slug":"evergrande-kaisa-and-other-indebted-developers-get-a-break-as-chinas-rate-cuts-release-funds-to-relieve-their-cash-crunch-and-mounting-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-kaisa-and-other-indebted-developers-get-a-break-as-chinas-rate-cuts-release-funds-to-relieve-their-cash-crunch-and-mounting-debt\/","title":{"rendered":"Evergrande, Kaisa and other indebted developers get a break as China\u2019s rate cuts release funds to relieve their cash crunch and mounting debt"},"content":{"rendered":"


\nChina\u2019s publicly traded developers soared on the stock market, as the first cut in mortgage rates in two years combined with a government plan to grant them easier access to sales receipts brought much-needed relief to their cash crunch and mounting debt.The Hang Seng Mainland Properties Index, which tracks the performance of property developers traded on the Hong Kong stock exchange, rose by as much as 5.2 per cent at 11am to 466.35 points.China cuts mortgage reference rate for first time in\u2026
\n
\nSource : South China Morning Post
\nRead more…Evergrande, Kaisa and other indebted developers get a break as China\u2019s rate cuts release funds to relieve their cash crunch and mounting debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s publicly traded developers soared on the stock market, as the first cut in mortgage...<\/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-124296","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-wkM","jetpack-related-posts":[{"id":123651,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/all-eyes-on-china-evergrande-kaisa-as-indebted-mainland-developers-face-bond-repayment-deadlines\/","url_meta":{"origin":124296,"position":0},"title":"All eyes on China Evergrande, Kaisa as indebted mainland developers face bond repayment deadlines","date":"December 6, 2021","format":false,"excerpt":"\r All eyes are once again on embattled Chinese developers, as they face bond repayment deadlines on Tuesday.Investors will be closely watching if China Evergrande Group, the mainland\u2019s most indebted developer, will officially default on its public debt for the first time and whether it will be joined by another\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124294,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-drafts-rules-to-give-property-developers-more-access-to-escrow-funds-to-ease-industrys-cash-crunch-sources-say\/","url_meta":{"origin":124296,"position":1},"title":"China drafts rules to give property developers more access to escrow funds to ease industry\u2019s cash crunch, sources say","date":"January 19, 2022","format":false,"excerpt":"\r China is drafting nationwide rules to make it easier for property developers to access funds from sales still held in escrow accounts in its latest move to ease a severe cash crunch in the sector, four people with knowledge of the matter said.Regulatory curbs on borrowing have driven the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124038,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-property-crisis-if-last-year-was-bad-for-the-likes-of-evergrande-kaisa-and-fantasia-just-wait-for-2022-as-more-pain-predicted-for-investors\/","url_meta":{"origin":124296,"position":2},"title":"China property crisis: if last year was bad for the likes of Evergrande, Kaisa and Fantasia, just wait for 2022 as more pain predicted for investors","date":"January 1, 2022","format":false,"excerpt":"\r Last year has no doubt been difficult for Chinese developers and the pain could get worse in the new year for companies, homebuyers and investors alike. A liquidity crunch amid slowing home sales are likely to dominate sentiment.China Evergrande, Kaisa Group, Fantasia Holdings and Modern Land (China) all made\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-bond-trading-halted-on-reports-of-cash-crunch\/","url_meta":{"origin":124296,"position":3},"title":"Evergrande bond trading halted on reports of cash crunch","date":"September 25, 2020","format":false,"excerpt":"\r Indebted Chinese developer\u2019s shares and debt volatile as it denies seeking state help\r \r Source : ft.com\r Read more...Evergrande bond trading halted on reports of cash crunch","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-30-per-cent-discounts-get-worlds-most-indebted-developer-within-sight-of-sales-goal-allay-cash-crunch-fears\/","url_meta":{"origin":124296,"position":4},"title":"China Evergrande\u2019s 30-per cent discounts get world\u2019s most indebted developer within sight of sales goal, allay cash crunch fears","date":"October 9, 2020","format":false,"excerpt":"\r China Evergrande Group said a nationwide marketing campaign comprising 30-per cent discounts has brought it closer to hitting its ambitious full-year sales goal, as the world\u2019s most indebted property developer pulls out all stops to generate cash to repay debt.The Guangzhou-based developer sold 141.63 billion yuan (US$21.1 billion) of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121998,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-faces-investor-protests-as-liquidity-crunch-worsens\/","url_meta":{"origin":124296,"position":5},"title":"Evergrande faces investor protests as liquidity crunch worsens","date":"September 14, 2021","format":false,"excerpt":"\r China\u2019s most indebted property developer hires restructuring advisers to tackle almost $310bn in liabilities\r \r Source : ft.com\r Read more...Evergrande faces investor protests as liquidity crunch worsens","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\/124296"}],"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=124296"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124296\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}