Evergrande Crisis

China Evergrande Crisis News - Caixin Global

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

05 10, 2022 08:36 AM

CX Daily: Why Is China’s Powerful Export Engine Losing Steam?

China’s livestream platforms are ordered to stop minors tipping. AP exams are canceled in eight cities, leaving Chinese students in the lurch

05 09, 2022 18:34 PM

Caixin China Biz Roundup: Evergrande Secures Six-Month Debt Extension

Property giant given time to avoid onshore default; Asian Games get postponed; and China’s infrastructure and industrial sectors get a major credit injection

05 09, 2022 15:03 PM

Shanghai Composite Index Rose 0.09% on Monday

Shenzhen Component Index closed down 0.41%

05 07, 2022 04:12 AM

Evergrande Dodges Onshore Default With Six-Month Debt Extension

Bondholders agree to delay payments due Friday as debt-laden real estate developer faces peak in obligations coming due amid restructuring effort

05 06, 2022 14:36 PM

In Depth: Cutting the Ties That Bind Property Managers to Developers

China’s prolonged real estate slump drives a restructuring of the industry as management units break off links with their parents

04 28, 2022 09:01 AM

CX Daily: Why Easing Policies Might Not Revive China’s Property Market Any Time Soon

Beijing urges Pakistan to bring the perpetrators to justice after three Chinese were killed in the South Asian country

04 27, 2022 20:51 PM

China’s Cautious Banks and Bad-Debt Managers Urged to Come to Real Estate’s Rescue

The PBOC and banking regulator have instructed financial institutions to help distressed developers, including by purchasing their debts, sources say

04 27, 2022 20:43 PM

In Depth: Why Easing Policies Might Not Revive China’s Property Market Any Time Soon

Sales remain weak despite authorities loosening monetary policy and making it easier to get a mortgage

04 21, 2022 03:37 AM

In Depth: China’s Planned Revamp of Trust Bailout Fund Draws Questions

Industry insiders wonder which companies will benefit from the proposal to split the fund in two, as well as whether the new funding system is equitable

04 20, 2022 19:42 PM

China’s Real Estate Woes Push Property Services Firm to Default on Dollar Bond

E-House fails to repay a $298 million bond due Monday after getting caught up in the financial troubles of several developers

04 19, 2022 16:28 PM

Fisher: Uncertainty Is Sky-High, So Buy Stocks Before It Fades

The first-quarter fog will lift this year, catalyzing Chinese stocks’ long-awaited rebound

04 09, 2022 10:00 AM

Weekend Long Read: Why China Needs Stimulus That Goes Beyond Infrastructure

Investments by the government that ignore boosting consumption and social security may not be effective in the long run

04 07, 2022 03:14 AM

Kaisa in Strategic Agreement With State-Owned Builder and Bad-Debt Manager

Defaulted property developer to cooperate with Merchants Shekou Industrial and Great Wall Asset Management in real estate, tourism and other businesses

04 05, 2022 20:34 PM

In Depth: China Turns to Credit Easing to Kick-Start Sluggish Economy

Credit demand has been declining while the rapid recovery from Covid-19 has begun to stutter

04 01, 2022 05:53 AM

Macao Gambling Junket Operator Golden Group Shuts Down

Business run by Hong Kong’s billionaire ‘queen of shell companies’ joins growing list of enterprises closing in Beijing’s gambling crackdown

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