Mar 20th, 2024

Debt Restructuring Is the Next Chapter in China’s Property Crisis

Patrick Liu, CEO of Admiralty harbour Capital, Jacqueline Tang, partner at Sullivan & Cromwell, and Hayden Briscoe, head of APAC Multi-Asset Portfolio Management at UBS Asset Management, discuss what lies ahead to solve China’s property crisis. The battle between creditors and struggling developers is now shifting to courts as investors and companies struggle to reach a consensus. And when the property market is back, bankers will have to sit down with lawyers and investors to restructure the high yield bond market.