Hang Seng worry – fears a huge Chinese property company preparing for a debt restructuring

<p>Country Garden is a pillar of the Chinese property sector. But for how much longer? </p><p>Shares in the firm hit a record low on Friday with fears rising that the company is preparing for a debt restructuring.</p><p>Country Garden had total liabilities of about $194 billion at the end of 2022. </p><p>Chinese media, Yicai reported, citing unnamed sources, that Country Garden is expected to begin a restructuring process soon.</p><p>In addition to stock market inp[acts the news didn't help the AUD either. Up[date:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.