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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
CX Daily: The Perils Behind China’s Mountain Adventure Craze
Climbing has transformed into a mainstream pastime, but training, regulation and risk awareness are struggling to catch up
Hidden Basements, Pool Found at Evergrande Founder’s Seized Hong Kong Mansions
Two Peak properties once owned by Hui Ka Yan contained nearly 8,000 square feet of unauthorized additions, including a pool beneath a private road
CX Daily: How a High School Protest Sparked France’s Autumn of Fury
What began as protests about education evolved into a confrontation over spending cuts and living standards, deepening France’s political divide
Evergrande’s Recovery Efforts Span Art Sales and a Harvard Donation Claim
Liquidators have recovered HK$3.4 billion, less than 1% of offshore creditors’ claims, with the first interim payout expected in the first half of 2027
CX Daily: China Clarifies Offshore Trust Tax Rules Ahead of Oct. 22 Deadline
Tax authority sets threshold for extended back-tax collection and excludes employee stock incentive trusts from the new rules
In Profile: The Rise and Fall of Kai Johan Jiang’s Electric-Car Ambitions
From restarting Saab production in Sweden to securing a manufacturing license in Tianjin, the entrepreneur struggled to turn his EV vision into a viable business before Evergrande took full control of NEVS
CX Daily: Yuan’s Global Role Is Expanding Beyond Trade, StanChart Execs Say
Firms are increasingly using the currency for investment and financing, though the dollar still dominates, say Standard Chartered senior executives
Taikang Life’s Leadership Change Highlights Divergent Fortunes of China’s Insurers
Firm names Xue Jihao general manager as former President Cheng Kangping moves to a rival battered by the collapse of developer Evergrande
Chinese Tycoon Sues Evergrande Founder for $1.5 Billion
Cheung Chung Kiu’s claim conflicts with Evergrande liquidators’ allegation that Hui Ka Yan lent him HK$18.65 billion
CX Daily: China Pushes LGFVs Beyond ‘Fake’ Transformation
Beijing’s regulatory tightening signals LGFVs will need to transition to creating real value through industrial investment
China Evergrande Liquidators Seek Over $2 Billion From Former Business Partners
Lawsuits target former associates of founder Hui Ka Yan over alleged unpaid funds and undelivered services
CX Daily: FAW-GAC Deal Tests a New Path for China’s Auto Consolidation
A proposed deal between state-owned carmakers FAW and GAC could offer policymakers a market-based model for restructuring the auto industry
Hong Kong Regulator Defends HK$1 Billion PwC Settlement Over Evergrande Audits
Official says deal carries risks but serves the public interest
Weekly Must-Read: Jeju Missing Persons Scandal Tests Seoul’s Criminal Justice Overhaul
An officer allegedly closed missing person cases using false safety checks, sharpening debate over police accountability as South Korea abolishes its Prosecutors’ Office
Seazen Sells Rare 100 Million Yuan Unsecured Bond
The Shanghai-listed builder cleared a 100 million yuan tranche at 7.8%, marking a rare breakthrough for private firms largely locked out of credit markets since 2021
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