8 :00-9:30am. This session will explore the potential impacts and implications of increasing default risk in the real estate sector and sliding housing price on the overall Chinese economy and the financial markets. China's slow economic growth continues to dampen recovery of the real estate sector. The 2014 financial performance indicate that many developers are in a significantly worse shape than in the previous year. As lenders become more cautious toward credit risks in the sector, it will make access to funds more difficult for the developers with weaker credit profile, which need financing the most.
Also, lower cash balances compounded by increased short-term maturities have heightened refinancing risks, particularly for developers carrying high-cost alternative financing. The overall risk of default is rising, particularly if operating and financing conditions do not improve. First 15-20 minutes is for networking Light breakfast included Hosted by the Financial Services Committee and Real Estate Committee
The American Chamber of Commerce in HK 1904 Bank of America Tower 12 Harcourt Road Central, Hong Kong