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.

Cover Story: How Evergrande Could Turn Into ‘China’s Lehman Brothers’

Collapse of China’s ‘too big to fail’ property development giant could involve $309 billion of debt and set off a financial tsunami affecting millions of people

10 15, 2021 22:08 PM

After String of Scandals, China Tightens Control Over Major Shareholders in Banks, Insurers

New regulations aim to stop big investors using institutions as ATMs to benefit their own businesses

10 15, 2021 17:28 PM

Wang Tao: Evergrande’s Emerging Spillover Effects on China’s Property Market

Real estate makes up too big a share of household wealth for home prices to plunge without the government offering policy support

10 15, 2021 15:03 PM

Shanghai Composite Index Rose 0.4% on Friday

Shenzhen Component Index closed up 0.52%

10 15, 2021 14:52 PM

China’s Central Bank Keeps Status Quo on Liquidity With Policy Loan Rollover

PBOC injects 500 billion yuan into the financial system through its medium-term lending facility, matching the amount maturing

10 15, 2021 03:55 AM

Evergrande Hit to Chinese Lenders Is Manageable, Moody’s Says

Global credit rating company finds that while banks’ direct exposure is limited, fallout from the property giant’s crisis could trigger deterioration for the real estate sector

10 14, 2021 20:32 PM

In Depth: The Wild West of China’s Bond Market That Regulators Want to Tame

Authorities are trying to fix the problems that have made it difficult to correctly value junk bonds, including inflated ratings, implicit government guarantees and the ongoing issues with structured issuances

10 14, 2021 20:01 PM

Moody’s Predicts Economy-Rattling Drop in Land Sales Revenue for Local Governments

A decline next year in one of the largest sources of income for local governments could put a dent in growth as officials struggle to make ends meet

10 14, 2021 05:28 AM

China’s Credit Growth Slows on Weakening Corporate Demand

September financing of $450 billion missed analysts’ estimates amid spreading default risks and tightened control over real estate industry

10 13, 2021 16:10 PM

Shanghai Exchange Resumes Syngenta’s $10 Billion IPO Review

Proceedings for what could be the world’s largest listing this year were suspended last month pending updated earnings information

10 13, 2021 04:31 AM

Chinese Developer Sinic Warns of Default as Hidden Risks Mount

Likely missed payment of $250 million bond due Oct. 18 adds to wave of defaults in real estate industry under shadow of Evergrande

10 12, 2021 18:01 PM

Caixin-Sinica Business Brief: China Eyes Entry Into Pacific Trade Pact

Plus, the causes of the power shortages; U.S. and Chinese trade chiefs hold online meeting; and concerns over contagion from the Evergrande crisis loom

10 12, 2021 17:03 PM

Syngenta $10 Billion China IPO Plan Paused for Earnings Data

Company has furnished the Shanghai exchange with the requested documentation, and an update on its listing timeline is set to be given this week, a source says

10 12, 2021 04:38 AM

Evergrande NEV Vows to Deliver Electric Cars Early Next Year

Unit of troubled property developer makes pledge at Tianjin plant meeting with officials of Bosch, Hitachi and other strategic partners

10 11, 2021 21:33 PM

Faraday Future Responds to Short-Seller Attack It Calls ‘Misleading’

Report alleges that the electric-vehicle company will indefinitely delay its 2022 mass production target because ‘three recent visits to the factory showed little activity’ and engineering problems remain unsolved

10 11, 2021 21:21 PM

Northeastern City Tries to Warm Up Quickly Cooling Property Market

Analysts say measure in Harbin could herald similar actions by other local governments

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