Dec 13th, 2021
'Fallen Angel' Shimao Shows Fragility of China Property Sector
Less than a week after China Evergrande Group and Kaisa Group Holdings Ltd. defaulted on debt obligations the markets have another property developer to worry about. Shimao Group Holdings Ltd. saw a plunge in its shares and bonds on Monday amid concerns it may not be able to meet its upcoming debt obligations. Stephen Engle reports on "Bloomberg Daybreak: Australia."
