China's Shimao, Kaisa units named and shamed as defaults rise

China's Shimao, Kaisa units named and shamed as defaults rise

Shenzhen, China. Photo by Darmau Lee on Unsplash

Property firms controlled by developers Shimao Group Holdings, Kaisa Group Holdings and Greenland Group have been named and shamed in a list of Chinese companies “consistently overdue” on commercial paper payments.

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