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

08 19, 2022 08:43 AM

CX Daily: SPACs Appear to Lose Shine in Singapore and Hong Kong

China’s top envoy in the U.S. urges Washington to refrain from further inflaming tensions over Taiwan.

08 18, 2022 21:16 PM

China Evergrande Shares Are Worthless, Top Fund Manager Says

HuaAn Fund Management takes a knife to valuations of four property stocks in a Hong Kong-focused ETF as their shares remain suspended

08 17, 2022 08:51 AM

CX Daily: Missfresh Implosion Highlights Bitter Business of Selling Groceries Online

Beijing sanctions more individuals in Taiwan in response to U.S. congressional visits. China’s housing market weakens further

08 16, 2022 02:49 AM

Hong Kong Watchdog Investigates Evergrande Over Deal Audits

Financial Reporting Council probes accounts and audits of transactions at the company and its property services unit

08 11, 2022 19:43 PM

In Depth: Bailouts Multiply as Pressure Mounts to Stabilize China’s Housing Market

Rescuing individual projects may defuse mortgage boycott but further action may be needed to restore confidence, analysts say

08 09, 2022 17:57 PM

Caixin-Sinica Business Brief: A Turbulent Week for Sino-U.S. Relations

Beijing slaps sanctions on Washington and Taiwan; Alibaba faces possible delisting amid audit dispute; and the latest on Evergrande

08 08, 2022 19:12 PM

Caixin China Biz Roundup: Beijing Hits Back at U.S. With Sanctions

China unleashes countermeasures on Washington following Pelosi’s Taiwan visit; thousands of tourists stranded after a resort city goes into lockdown; and the latest on Evergrande

08 05, 2022 20:55 PM

Evergrande’s Soccer Stadium Dream Ends in $187 Million Loss

Proceeds from a government land refund will be deposited in a supervised account to pay liabilities from the project

07 29, 2022 04:26 AM

Distressed China Builder Shimao Sued by United Overseas Bank

Singapore bank alleges breach of terms in $1.3 billion credit deal related to ownership shuffle within Shimao Group

07 26, 2022 09:49 AM

CX Daily: Why The World Is Burning Up This Summer

China’s top state leaders are vaccinated against Covid-19 with domestically developed jabs. The country expands a cross-border cash-pooling trial for multinationals

07 23, 2022 18:22 PM

China Evergrande CEO, CFO Exit in Internal Probe of Deposit Use

Executives were removed over their suspected roles in arranging almost $2 billion in desposits as security for third parties to obtain bank loans

07 20, 2022 08:37 AM

CX Daily: China Doubles Down on Infrastructure to Spur Growth

China’s U.S. Treasury holdings dip below $1 trillion for the first time in more than a decade. The country sets up an iron ore trading giant

07 13, 2022 15:03 PM

Shanghai Composite Index Rose 0.09% on Wednesday

Shenzhen Component Index closed up 0.56%

07 13, 2022 08:47 AM

CX Daily: Lockdowns Expose Covid’s Cost on Mental Health in China

Shanghai tells employers not to reject recovered Covid-19 job seekers. Henan will reimburse village bank depositors following violent protests

07 12, 2022 16:25 PM

Hang Seng Composite Index Dumps Six Chinese Property Firms

Sunac and China Evergrande are among those removed, after the real estate firms suspended trading for three months and failed to release their 2021 annual reports

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