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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
Business Brief (Aug. 26): Chinese Stocks Surge, Yuan Appreciates
Shanghai eases property restrictions to boost market, China outlines major expansion of its national carbon trading
CX Daily: China’s Stock Market Roars Back to Life — But Can It Outrun Economic Gravity?
China’s top securities regulator reshuffles key departmental heads. Cambricon inches closer to becoming the country’s priciest stock.
CX Briefing: Evergrande Subsidiary Set for Liquidation
Also in today’s rundown: Shares of Chinese AI chipmaker Cambricon surge, Beijing sets new rules for overseeing rare earth industrial chain
Commentary: China’s Economy Undergoes a Six Trillion Yuan Repair
Despite a surprise contraction in credit growth, government financing is improving corporate cash flow and boosting investor sentiment, with micro-level data pointing to a nascent turnaround
Hong Kong Court Freezes $24 Million in U.S. Assets Tied to Ex-Evergrande CEO
Wife of Xia Haijun added as eighth defendant in litigation to recover assets of collapsed property giant
CX Daily: How a Tycoon Looted Billions of Yuan From a State-Backed Port
China plans loan subsidies to boost spending. Evergrande faces delisting in Hong Kong this month.
Curtain Falls on Evergrande as Hong Kong Delisting Looms Aug. 25
China’s collapsed property giant says it will not be seeking a review of the decision
In Depth: Why China’s Banks Are Hunting for Fortunes Stashed Abroad
Faced with a growing mountain of bad loans, some Chinese lenders are turning to international litigation funders to claw back billions of yuan hidden in overseas mansions, yachts and bank accounts
CX Weekly Briefing: China’s Consumer Inflation Bounces Back
Also in this week’s roundup: AI startup Tars raises $122 million in angel funding, Chinese authorities begin prosecuting notorious Myanmar crime syndicate
CX Briefing: Industrial-Robot Maker Debuts in Hot Hong Kong Market
Also in today’s rundown: U.S. Commerce Secretary teases ‘bigger’ China trade talks in early August, Beijing opens late-payments complaint channel for auto supplier
Cover Story: Developers Impose Deeper ‘Haircuts’ on Creditors in Latest Debt Overhauls
China’s spiraling property slump sends developers down path of radical debt restructuring
Cover Story: The Rise and Fall of China’s ‘Fentanyl King’ in Corruption-Fueled Bankruptcy
Dangdai founder Ai Luming vows rebound as empire leaves investors, creditors underwater
Caixin Weekly | Great Wall Motors in Search of Its Next “Miracle Vehicle”
BYD leads China’s private automakers with May 2025 wholesale sales over 380,000 units, up 15.4% year-on-year; Geely follows with 235,000 units (+46%), while Great Wall trails with 102,000 units (+11.78%). Great Wall lags in both fuel and NEV markets, faces profitability pressure, missed low-cost NEV growth, and sees declining star model performance. Intense industry price war, high inventories, and regulatory intervention squeeze profits; automakers pledging shorter supplier payment cycles to stabilize the supply chain.
Sunac China Seeks $9.55 billion Debt-for-Equity Swap as Liquidation Deadline Looms
The developer is also launching an employee retention plan with around 500 core workers receiving shares
Trump Tariffs Draw China’s Ire
CATL says Xiaomi EV in deadly crash didn’t use one of its batteries, China cracks down on Olympic medalist cyberbullying
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