Caixin
Sep 22, 2021 07:03 PM
FINANCE

In Depth: How Evergrande Hid Its Debt

Evergrande has not been transparent about its off-balance-sheet liabilities.
Evergrande has not been transparent about its off-balance-sheet liabilities.

Judging from its balance sheet, China Evergrande Group is a behemoth.

As of the end of the first half of 2021, Evergrande had total assets of 2.37 trillion yuan ($367.3 billion) and total liabilities of nearly 2 trillion yuan. It had 571.7 billion yuan interest-bearing liabilities, a figure that was actually down by about 145 billion yuan from the end of 2020.

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