Ping An Real Estate — with 110 billion yuan in assets — held around 10 billion yuan in cash, covering only half of its interest-bearing debt due in the next 12 months. Its business operations and liquidity positions have deteriorated rapidly alongside China’s property slump, with sales falling by more than half from their 2021 high
Ping An Real Estate — with 110 billion yuan in assets — held around 10 billion yuan in cash, covering only half of its interest-bearing debt due in the next 12 months. Its business operations and liquidity positions have deteriorated rapidly alongside China’s property slump, with sales falling by more than half from their 2021 high Ping An Real Estate — with 110 billion yuan in assets — held around 10 billion yuan in cash, covering only half of its interest-bearing debt due in the next 12 months. Its business operations and liquidity positions have deteriorated rapidly alongside China’s property slump, with sales falling by more than half from their 2021 high Moneycontrol Latest News Read More
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