Zhuhai Huafa support
Last week, something of a crisis at Zhuhai Huafa Group’s listed property unit dominated conversation. This week, the local government came to the rescue, with talk of $16.5bn in support.
Zhuhai authorities provided more than CNY 40bn ($6bn) in financial support to Zhuhai Huafa Groupand plan to mobilize almost CNY 70bn ($10.5bn) in other resources from multiple channels. The group’s new chairman, Guo Jin, also discussed asset sales to address debt repayments.
- Read the full story here
Earlier this week, 9fin reported on the group’s delayed earnings, which came out last weekend.
Zhuhai Huafa Properties’ delayed Q3 report arrived on Saturday (31 October) to show revenue in the first nine months of the year fell 34.1% from the same period a year earlier, to CNY 34.1bn ($5.1bn). That helped put the net loss attributable to parent shareholders at CNY 6.4bn, versus a net profit of CNY 102m in the first nine months of 2025.
For Q3 26 alone, despite a year-over-year gain in revenue, the developer still recorded a loss of CNY 2.8bn.
- Read the full story here
Southeast Asia risks
The turmoil in Indonesia’s markets, spurred by MSCI mulling a downgrade of its equity...
