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

12 07, 2021 20:18 PM

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

12 07, 2021 09:21 AM

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

12 07, 2021 04:01 AM

Indebted Developer Kaisa Sells HK Office for Debt Repayment

Net proceeds of $24 million will reduce amount owed to purchaser Sandong Hi-Speed Financial

12 06, 2021 20:24 PM

Property Sales in China Fall for Fifth Straight Month

Sales of the top 100 developers were down by 37.6% in November, report says

12 06, 2021 17:28 PM

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

12 06, 2021 15:03 PM

Shanghai Composite Index Fell 0.5% on Monday

Shenzhen Component Index closed down 0.93%

12 05, 2021 10:00 AM

Caixin Top Stories of the Month: November 2021

Dipping property sales and prices prompted regulators and some local governments to send out positive signals

12 04, 2021 19:06 PM

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

12 04, 2021 18:53 PM

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

12 03, 2021 22:23 PM

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

12 02, 2021 20:53 PM

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

12 02, 2021 15:27 PM

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

11 30, 2021 19:04 PM

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

11 30, 2021 09:24 AM

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

11 29, 2021 15:03 PM

Shanghai Composite Index Ended Nearly Flat on Monday

Shenzhen Component Index closed up 0.22%

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