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

01 22, 2022 06:15 AM

Kaisa Undergoes Audit on Order of Guangdong Government

Preliminary finding by PricewaterhouseCoopers may be that the troubled developer has enough assets to cover its debts, Caixin learned

01 21, 2022 16:36 PM

Evergrande to Hire Advisers on Debt Risks, Creditor Demands

Announcement came a day after a bondholder group said indebted developer had failed to substantially engage with it on restructuring efforts

01 20, 2022 20:18 PM

Property Firms Face Major Debt Squeeze in First Quarter

A record amount of offshore bonds are coming due, while policy easing is yet to have an impact and sales are still low

01 20, 2022 16:06 PM

China Aoyuan Won’t Pay Bonds, Signals Default Imminent

The developer, whose dollar bonds have sunk on debt worries, is the latest to succumb to the Chinese real estate industry’s liquidity crisis

01 20, 2022 15:03 PM

Shanghai Composite Index Fell 0.09% on Thursday

Shenzhen Component Index closed down 0.06%

01 20, 2022 09:24 AM

CX Daily: What China’s Overhaul of Overseas IPO Rules Is All About

China’s central bank sends an easing signal. A SPAC backed by a China Merchants Bank subsidiary files for an IPO in Hong Kong

01 19, 2022 15:03 PM

Shanghai Composite Index Fell 0.33% on Wednesday

Shenzhen Component Index closed down 1.28%

01 19, 2022 06:16 AM

Evergrande Transfers Projects to Partners for Debt Relief

Deals aim to reduce property giant’s liabilities while ensuring completion of more than 1 million residences for buyers

01 17, 2022 18:40 PM

Chinese Developer Bond Rout Deepens on Hidden Debt Concerns

Already fragile investor confidence is keeping the U.S. dollar bond market shut for Chinese property companies, increasing the risk that they will fail to repay creditors on time

01 14, 2022 15:03 PM

Shanghai Composite Index Fell 0.96% on Friday

Shenzhen Component Index closed up 0.09%

01 14, 2022 09:38 AM

CX Daily: China’s Property Slump Pushes Real Estate Agencies to Remake Their Business

China buys more long-term LNG from Russia. More than half of the nation’s NEV exports are produced by Tesla

01 14, 2022 05:55 AM

Evergrande Unit Gets Investors to Back Yuan Bond Payment Delay

Holders of more than half of a $707 million note accept extension, enabling indebted developer to avoid another default

01 13, 2022 19:29 PM

Evergrande Auto Stock Plunges After It Finally Makes First Car

After years of delays, the troubled automaker says it produced its first electric vehicle 12 days ahead of schedule

01 12, 2022 15:03 PM

Shanghai Composite Index Rose 0.84% on Wednesday

Shenzhen Component Index closed up 1.39%

01 11, 2022 21:10 PM

Trending in China: Economist Says Printing Money Will Produce More Kids

Ren Zeping's proposal to put a price on solving China's falling birth rate problem triggered heated debate online

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