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World Business Report: First broadcast 02/04/2024 14:32 GMT : China property developer Country Garden suspended stock on Hong Kong exchange

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China property developer Country Garden suspended stock on Hong Kong exchange

First broadcast 02/04/2024 14:32 GMT 

First broadcast 02/04/2024 14:32 GMT : China property developer Country Garden suspended stock on Hong Kong exchange

BBC World Service - World Business Report, China property developer Country Garden suspended stock on Hong Kong exchange

China property giant suspends shares in Hong Kong

Chinese property developer Country Garden has suspended trade in its shares on the Hong Kong Stock Exchange after delaying the publication of its annual financial results.

There was good news yesterday about Chinese manufacturing going up, but less good news toay for Beijing about its beleaguered property sector: the property development giant, Country Garden, has suspended trading of its shares in Hong Kong after delaying publication of its annual results.  The firm said last week it needed more time to collect information as it restructures its debts. It defaulted on its overseas debt last year. 

Also, in the programme, the presenter Roger Hearing will talk about UK and US AI agreement and will find out why South Asia is producing not enough jobs for young professionals.

(Picture: China's new home prices fell by 1.4% YoY, Shanghai - 14 Mar 2024. Picture credit: EPA-EFE/REX/Shutterstock)

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First broadcast 02/04/2024 14:32 GMT : China property developer Country Garden suspended stock on Hong Kong exchange

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