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Nine Chinese Real Estate Companies Missed Their U.S. Dollar Debt Payments

Sina reported that on October 26, China’s Foreign Investment Department of the Development and Reform Commission, together with the Capital Department of the Foreign Exchange Bureau, held a forum with some key industry players to discuss their foreign debts.

Nine Chinese real estate companies have missed the payments on their U.S. dollar debts, including Oceanwide Holdings (泛海控股), Fantasia (花样年), China Fortune Land Development (华夏幸福), Sunshine 100 China (阳光100中国), The Tianfang Group (天房集团), The Sannong Group (泰禾集团), Sinic Holdings (新力控股), Languang Dev (蓝光发展), and Modern Land (当代置业). The combined unpaid debt is US$ 28.073 billion.

Source: Sina, October 27, 2021