Zhuhai Huafa Group misses payments, liabilities hit 545 billion yuan
China's property market crisis deepened in November 2026 as Zhuhai Huafa Group missed payments on trust products, triggering fears across credit markets. The local government injected over 40 billion yuan to stabilize the company, which has liabilities of about 545 billion yuan. Investors remain worried as property sales plummet and prices decline further amid ongoing economic strain.
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Published 12 Nov 2026, 01:05 UTC · Updated 12 Nov 2026, 01:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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