Chinas property crisis has been disastrous for many employees in the building industry, but for specialists in restructuring its been the exact opposite.
Companies like Alvarez & Marsal, and Houlihan Lokey, have hiring new staff for months because of a surge in debt restructuring deals. They are one of the few bright spots in the downbeat outlook in the citys financial sector.
Chinas property industry, a key pillar of the worlds second-largest economy, has lurched from one crisis to another since 2021 after a regulatory crackdown on debt-fuelled construction triggered a liquidity squeeze.
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Around 20 Hong Kong-listed Chinese real estate developers have defaulted on…
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