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Buildings in the central business district in Beijing’s Chaoyang district on May 30. Photo: VCG
State insurer absorbs the long-vacant CBD site to secure steady cash flows
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Buildings in the central business district in Beijing’s Chaoyang district on May 30. Photo: VCG

With domestic developers in crisis and foreign capital on its way out, Chinese insurers have become a stabilizing force in…

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The buyer of the former AIG-backed unit must clear more than 13 million yuan in debt and unpaid wages

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Consortium takes over collapsed private project, underscoring Beijing’s push to deal with distressed real estate assets