Property in China, another liquidation petition: this time it's Shimao Group's turn
Real estateThe picture of China's property market is getting more complicated as yet another major player has filed for liquidation. China Construction Bank files for liquidation of Shimao Group The crisis in China's property market continues. After Evergrande and Country Garden, the Shimao Group is the latest to be hit. None other than China's state-controlled China Construction Bank filed for Shimao's liquidation in Hong Kong. According to an article by Scott Murdoch in Reuters, the rea ...
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