Business & FinanceReuters News First

Modern Land misses bond payment

26 October 2021, 5:25 pm 1 minute

On Oct 26, Reuters was ahead when Chinese property developer Modern Land said it would not make a bond payment, the latest in a string of Chinese firms including Evergrande that are struggling with liquidity.

Market Impact

The Hong Kong property index fell 4%.

Article Tags

Topics of Interest: Business & FinanceReuters News First

Type: Reuters News First

Sectors: Business & FinanceEquities

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Men work at the construction site of a highrise building in Beijing, China, October 18, 2021. REUTERS/Thomas Peter

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