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Evergrande Crisis
Heavily indebted China Evergrande Group, one of the country’s largest property developers, is suffering a liquidity crisis after years of running a highly leveraged business. The company’s troubles have already started to reverberate through China’s economy and markets around the world.
In Depth: How Evergrande’s Founder Played the Capital Markets
Hui Ka Yan had a knack for creating hype that drove the debt-ridden developer to a stratospheric valuation, allowing it to borrow ever larger amounts
State Firms Join New Evergrande Risk Management Committee
Body’s key job will be to assess crisis-stricken developer’s financial situation and come up with asset disposal plan, analyst says
CX Daily: The Dangling Sword of Omicron
China cuts banks’ reserve requirement ratio. The country’s securities watchdog says it’s making progress with the U.S. on talks over company audits
Indebted Developer Kaisa Sells HK Office for Debt Repayment
Net proceeds of $24 million will reduce amount owed to purchaser Sandong Hi-Speed Financial
Property Sales in China Fall for Fifth Straight Month
Sales of the top 100 developers were down by 37.6% in November, report says
Wang Tao: What Are the Implications of an Evergrande Debt Default
Embattled Chinese developer’s debt problems are aggravated by a property sector already weighed down by weakening fundamentals and policy tightening
Shanghai Composite Index Fell 0.5% on Monday
Shenzhen Component Index closed down 0.93%
Caixin Top Stories of the Month: November 2021
Dipping property sales and prices prompted regulators and some local governments to send out positive signals
Analysis: China Dusts Off Proven Playbook After Evergrande Default Warning
Hint of default after long-running debt struggle prompts provincial government to send in a working team and top regulators to pledge coordinated response
Shares of Developer Aoyuan Tumble After Creditors Demand $650 Million
Troubled real estate giant faces potential default after it signals it may be unable to repay debts
Update: Government Sends Risk Managers to Evergrande as Default Looms
Debt crisis goes critical as property giant says it may miss $260 million obligation, triggering $19.2 billion of cross-defaults
Chinese Insurers Told to Submit Details of Property Investments Amid Probe Into Misuse of Funds
A number of companies, including Ping An Insurance, have exposure to real estate developers that defaulted on their debts
Kaisa Abandons Hong Kong Developments in Race to Avoid Default
Property company has been reversing its expansion in the city with a series of asset sales in the past month
Kaisa Is Next Developer Worrying China Bond Traders After Rocky Month
If the struggling property firm’s offer to exchange its $400 million dollar notes fails to win support, it may fail to repay bonds
CX Daily: How Will New Data Security Rules Reshape China’s Internet Industry?
China’s “zero-Covid” strategy can protect the country against omicron, top experts say. Weibo’s secondary listing is coming
Shanghai Composite Index Ended Nearly Flat on Monday
Shenzhen Component Index closed up 0.22%
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