The mainland unit of China Evergrande Group said it missed principal and interest payments totaling several billion yuan, adding further uncertainty to the fate of the giant developer at the center of the country’s property crisis. Hengda Real Estate Group failed to repay 4 billion yuan ($547 million) in principal plus interest due on Sept. 25, the company said in a Shenzhen stock exchange filing Monday. China Evergrande canceled key creditor meetings that had been set for this week and said...

(Bloomberg) -- Chinese authorities detained some staff of China Evergrande Group’s money management business, a sign that the saga around the defaulted developer at the heart of the nation’s property crisis has entered a new phase involving the criminal justice system. Most Read from Bloomberg MGM Resorts Hackers Broke In After Tricking IT Service Desk Ultra-Rich Buy Ultra-Luxury Counseling to Get Kids Into Harvard Billionaire Case Bets on Superfast Jet, AI Beyond Silicon Valley Canada...

Chinese real estate is now seen as the number one source for the next global credit event among investors surveyed by Bank of America Corp., even as President Xi Jinping’s government rolls out stimulus measures to stabilize the world’s second-largest economy’s ailing property sector. The ratio of investors concerned about China’s housing sector more than doubled to 33% in September from 15% last month, according to the latest BofA global survey of fund managers, which included 222...

Country Garden Real Estate Group Co Ltd. said it will suspend trading in nearly a dozen onshore bonds starting Monday, two days after the Chinese real estate company’s controlling shareholder said it would report a multi-billion-dollar loss for the first half of this year. Six yuan-denominated corporate bonds issued in 2021 and 2022 will be suspended from trading effective at the market opening, the company, formerly China’s largest developer by sales, said in filings to Shenzhen Stock...

A Hong Kong-listed Chinese real estate developer said it will suspend all offshore debt payments, citing weakness in the country’s property market, deteriorating sales and constrained liquidity. “After careful consideration, the company will suspend payments to all offshore creditors to ensure fair treatment among all offshore creditors,” Central China Real Estate said after it wasn’t able to pay the interest on its 7.75 per cent senior notes due 2024 at the end of a grace period on...