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 06, 2022 15:03 PM

Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed up 0.67%

12 06, 2022 09:47 AM

CX Daily: China’s ‘Zero-Covid’ Looks Done. So, What To Expect Next?

More regions in China ease coronavirus testing requirements. The country’s services activity contracts for a third straight month, Caixin PMI shows

12 05, 2022 15:03 PM

Shanghai Composite Index Rose 1.76% on Monday

Shenzhen Component Index closed up 0.92%

12 03, 2022 17:51 PM

China Oceanwide Has Potential Buyer for $1.2 Billion LA Project

After spending $3.5 billion on U.S. projects, the company has battled to recoup its overseas outlays and revive its mainland China operations

12 03, 2022 04:39 AM

Reports of the Death of Hui Ka Yan May Have Been Greatly Exaggerated

Evergrande insiders and external sources deny online rumors that the developer’s billionaire founder and chairman committed suicide

11 28, 2022 18:28 PM

Cash-Strapped Evergrande Offloads Vacant HQ Plot for $1 Billion

The defaulted property giant had intended to build its Shenzhen headquarters on the 10,000-square-meter plot, which has been sitting idle since September 2021

11 28, 2022 08:55 AM

Cover Story: China Lines Up Yet More Aid for the Property Sector, But Will It Be Enough? (Part 1)

New round of policy measures to support beleaguered developers is imminent, as Beijing seeks to check a protracted downturn, Caixin has learned

11 25, 2022 12:19 PM

Weekly Must-Read: China’s Halting Steps to Dial Back ‘Zero Covid’

As central authorities cite scientific evidence for easing travel and testing rules, local officials worry about being held accountable for new outbreaks

11 17, 2022 07:01 AM

Henan City Buys 1,050 Evergrande Flats for Affordable Housing

Purchase by city of Kaifeng aims to expand local subsidized housing supply while bolstering the ailing property market

11 16, 2022 19:32 PM

China’s Efforts to Prop Up Property Market Fall Short

Combined sales of the country’s 100 largest developers in October fall 28.4% year-on-year to $77 billion

11 16, 2022 13:52 PM

China Builder Sunac’s Winding-Up Case Adjourned for Seven Months

The lawsuit was filed by a creditor allegedly owed $22 million in principal plus interest on senior notes

11 09, 2022 05:39 AM

China’s Super Rich Are Poorer, and There Are Fewer of Them

Economic vicissitudes of war, pandemic and slumping stock and real estate markets shrink fortunes of billionaires on Hurun Rich List

11 08, 2022 09:30 AM

CX Daily: The Dilemma of China’s Power Market Restructuring

Xi repeats China’s commitment to its opening-up policy. Beijing shames local authorities for “one-size-fits-all” Covid control policies

11 07, 2022 21:01 PM

One of China Evergrande’s Creditors Sells Hong Kong Plot for $637 Million

The tract of undeveloped residential real estate was pledged by the property giant’s subsidiaries as collateral for a loan last year

11 05, 2022 19:32 PM

Caixin-Sinica Business Brief: Chinese Miners Ordered to Divest From Canadian Lithium Projects

Plus, Chinese bank moves to recoup billions of unpaid Evergrande loans, and how Apple supplier Foxconn is trying to stop workers from fleeing Covid lockdown

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