China’s Great Debt Restructuring: Latest Status, Key Diary Dates

Matters are coming to a head for China’s ranks of defaulted property developers. Some of them face creditor meetings, court appearances or the threat of liquidation in coming weeks.

The world’s most-indebted builder, China Evergrande Group, kicked off formal talks with creditors this month as it races to release restructuring details by year end. Sunac China Holdings Ltd. last week became one of the first major developers to give creditors a glimpse of its proposal.

A flurry of recent property and Covid-19 policy announcements sparked one of the strongest rallies ever in Chinese builders’ bonds and shares, prompting investors ...