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 02, 2023 13:09 PM

Third Chinese Developer Gets Court Order to Liquidate Assets

Decision comes after Jiayuan, whose dollar bonds trade 10 cents on the dollar or less, lost a winding-up case in Hong Kong

04 28, 2023 21:07 PM

Tech Insider: Tencent and ByteDance’s Virtual Reality Check, Alibaba Cloud Slashes Prices

China’s smart cockpit market predicted to nearly double in five years, Tesla opens some China charging stations to other brands

04 27, 2023 15:03 PM

Shanghai Composite Index Rose 0.67% on Thursday

Shenzhen Component Index closed up 0.28%

04 27, 2023 09:28 AM

CX Daily: Tencent, ByteDance Gut Metaverse Units in Virtual Reality Check

Xi affirms China’s commitment to restoring peace in Ukraine in a phone call with Zelenskyy. British Airways resumes service to China

04 26, 2023 15:03 PM

Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed up 0.33%

04 26, 2023 04:16 AM

Evergrande NEV Dumps Property Assets to Focus on Carmaking

Offloading predecessor company’s mostly health-related projects will get $3.6 billion of liabilities off the electric car unit’s balance sheet

04 21, 2023 09:50 AM

CX Daily: BYD Gears Up for Global Electric Car Race

China-Brazil ties face "no constraints," Brazil’s foreign minister says. Evergrande’s offshore debt restructuring hits another barrier

04 20, 2023 03:30 AM

Evergrande’s Multibillion-Dollar Offshore Debt Restructuring Hits Another Barrier

American law firm moves to organize opponents of a plan that emerged last month from an ad hoc group of bondholders to cut returns and extend maturities

04 19, 2023 04:26 AM

Everbright Trust Unit Staffers Come Under Investigation

Multiple workers taken away by authorities in expanding probe of shanty town renovation projects, Caixin learned

04 13, 2023 19:45 PM

Developer Sunac’s Stock Collapses as Trading Resumes After One-Year Suspension

Shares of the struggling former property highflyer fall 55% after it regained compliance with Hong Kong listing rules

04 12, 2023 21:21 PM

Property Crisis Pummels Chinese Developers’ Bottom Lines

The grim 2022 earnings figures shed light on the severe challenges firms face, compelling them to find new growth areas

04 12, 2023 05:15 AM

Goldman Sees ‘High-Return’ Potential in Chinese Property Bonds

‘Most of the defaults are done,’ Asia fixed-income chief says, suggesting that improving business prospects signal investment opportunities

04 07, 2023 20:57 PM

Chinese-Owned Hong Kong Brokers Sink Into the Red Amid Offshore Bond Rout

The annual reports of seven listed securities firms show big losses from proprietary trading and a slump in the value of their securities holdings that include the dollar bonds of mainland property developers

04 04, 2023 13:51 PM

Evergrande Signs Restructuring Agreement With Major Creditors

The property giant entered into three agreements with a group of investors holding its offshore notes

03 30, 2023 04:33 AM

Global Creditors Face Long Fight With China Developers for Cash

Dollar bondholders’ efforts to get defaulters to pay up have been stymied by lengthy debt restructuring processes and litigation

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