Shanghai’s office vacancy rates have continued to rise, as corporate tenants tighten their purse strings and new supply comes online, and rents have continued to decline.

China is striving to establish a high-quality inclusive financial system over the next five years, although its financial stability is under pressure from the ongoing property crisis triggered by Evergrande and Country Garden.

Is Hui Ka-yan’s sudden ‘arrest’ related to Evergrande’s Chapter 15 filing? Did he attempt to shield his personal assets from onshore creditors, as speculated by some local media? Here’s what some restructuring experts say about the situation.

China’s local governments are issuing refinancing bonds to service outstanding liabilities associated with US$9 trillion of ‘hidden’ debt amid efforts by Beijing to defuse risks in its slowing economy.

The debt-stricken property developer has said it is ‘cashflow insolvent’ and that its creditors will get less than 5 per cent of their money back if it is forced into liquidation, a court heard.

China’s big banks are likely to face further pressure on their revenues and interest margins in the fourth quarter, as the world’s second-largest economy battles an ongoing property sector crisis and low consumer confidence, analysts said.

The latest financial stability report by the IMF suggests that China’s economy could be facing even more dire straits, and a ‘sharp repricing of assets’ is possible.

Country Garden is stumbling toward a full-blown debt reorganisation with creditors after missing a bond payment and warning of possible default on some of its US$16.5 billion of offshore debt.

A group of offshore creditors of China Evergrande Group has called the debt-stricken developer’s efforts to obtain regulatory approval to issue new securities as a “botched attempt” adding that there was “zero clarity” as to why such a fundraising exercise was disallowed.

Weak house sales numbers follow action by central government last month to reduce down payments for millions of homebuyers across China.

The National Day and Mid-Autumn Festival holiday period has sparked a flurry of activity, and consumption and tourism have reached multi-year highs. But time will tell whether the boom is sustainable in the long run.

Sunac moved ahead of its troubled peers in fixing its financial crisis after a court in Hong Kong sanctioned its US$10.2 billion debt workout plan with more than 2,000 offshore creditors.

As China takes more steps to deleverage and cool down its property market, the protracted slump is having an effect on overall economic growth – projections are being cut, with real estate mentioned as a specific cause for the revisions.

Questionable data supplied by Beijing to the International Monetary Fund leads to an inaccurate and inflated projection, according to research group founder.

China Evergrande Group’s shares soared as trading resumed in Hong Kong following a two-day halt, after its founder and chairman Hui Ka-yan was placed under so-called mandatory measures by the police in mainland China on suspicion of crimes.

China Evergrande Group has applied for trading of its shares to resume on Tuesday, according to a filing to the Hong Kong stock exchange.

Homeowners of The One-Rivera Shanghai say the residential complex appears nowhere near completion despite missing two delivery deadlines, raising the prospect of a boycott on mortgage payments that threatens to worsen sentiment in China’s embattled property sector.

Hui Ka-yan, founder and chairman of the troubled developer, rode a wave of market reforms to amass a vast empire that included China’s richest football club, a superyacht and reportedly the most expensive home in London.

Poor liquidity at China’s regional banks could trigger instability in the state-owned financial system, reduce the credit supply for the real economy, and potentially spill over to a wide range of industries.

China Evergrande’s US$20 billion debt workout plan is at risk of falling apart in the home stretch, as the ‘arrest’ of Hui Ka-yan clouds the founder’s capacity to deliver his obligations.

Evergrande sold the 60-metre superyacht Event for US$32 million this year as part of a process to sell down noncore assets, two sources said, further shrinking its offshore assets amid a deteriorating cash crunch.

A Post review of midyear financial reports by 18 ‘systemically important’ banks in China finds that more than two-thirds have higher outstanding non-performing property loans.

A new leader has stepped in to oversee China’s finances as the country’s growth outlook appears cloudy.

The troubled developer said its founder faces so-called mandatory measures due to ‘suspicion of illegal crimes’, hours after shares of three entities in the group were halted from trading in Hong Kong on Thursday.