China developers sink to 4-year low as Shimao deal stokes governance concern

December 14, 2021 12:28 PM

HONG KONG (BLOOMBERG) – Chinese property stocks sank for a third day, heading for the lowest level since early 2017, after a deal between units of Shimao Group, heightened governance concerns in an industry already grappling with a liquidity squeeze.

Source : http://www.straitstimes.com/business/property/china-developers-sink-to-4-year-low-as-shimao-deal-stokes-governance-concern