The Chinese property giant's debt woes will not seriously affect China’s property sector, according to analysts; however, a restructuring might be on the cards.
The spun off firm from JD.com is preparing for an initial public offering on the Hong Kong Stock Exchange on December 11; the deal could generate around $20m of fees.
Beijing is encouraging A-share listed firms to list in Hong Kong, while Trump’s policies are turning some US-listed Chinese companies to also go public on HKEX. The IPO momentum is continuing with four firms listing on October 28 in the SAR.