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China Evergrande Group
Chinese Developer Evergrande Ordered to Liquidate; Trading Suspended
The Chinese real-estate giant has failed to convince the court that it has been working on a restructuring plan.
January 29, 2024
BY
Aldgra Fredly
China’s Xi Makes Unprecedented Visit to Central Bank as Chinese Developers Struggle With Insolvency
News Analysis Chinese leader Xi Jinping paid his first-ever visit to the central bank on Oct. 24 since ...
October 27, 2023
BY
Jessica Mao
,
Xin Ning
and
Olivia Li
China Unleashes New Bonds, Monetary Expansion in Response to Growing Developer Debt Crisis
In a bid to sustain the economy, Beijing resorts to the issuance of new bonds and the printing ...
October 19, 2023
BY
Grace Hsing
and
Olivia Li
The Politics Behind the Rise and Downfall of Evergrande’s Hui Ka Yan
Billionaire arrested after shady asset transfers and filing for bankruptcy protection.
October 14, 2023
BY
Jenny Li
and
Olivia Li
Evergrande Chairman’s Arrest Signals New Twist in Company’s Bankruptcy Saga
Hui Ka Yan, the chairman of China’s Evergrande Group, was taken by Chinese police in early September and ...
October 7, 2023
BY
Grace Hsing
China’s Evergrande Shares Tumble as Hong Kong Trading Resumes
Shares of Chinese real estate developer Evergrande Group have finally been allowed to show their true colors, reporting ...
August 28, 2023
BY
Aldgra Fredly
China Cuts Key Interest Rate Amid Property Slump, Currency Risks
The People's Bank of China (PBoC) trimmed a key interest rate and left a separate policy rate unchanged ...
August 21, 2023
BY
Andrew Moran
Former Chinese Banking Regulator Accused of Graft, Serving as a ‘Revolving Door’
China's communist regime recently expelled a former executive regulator of small and medium-sized banks from the Chinese Communist Party ...
April 6, 2023
BY
Mary Hong
Numerous Chinese Property Tycoons Fell from Hurun 100 Richest List
Amid China's sinking real estate market, a number of industry tycoons were dropped from this year’s Hurun 100 ...
November 14, 2022
BY
Shawn Jiang
and
Olivia Li
China Evergrande to Sell Crystal City Project for $575 Million
China Evergrande Group said on March 30 it will sell its Crystal City Project in the eastern city ...
April 1, 2022
BY
Reuters
Russian-Ukrainian War Is Accelerating the Bursting of China’s Economic Bubble, Says China Expert
Commentary The Russian-Ukrainian war will not only harm both countries but it will also severely damage the global ...
March 14, 2022
BY
Winnie Han
Evergrande Sells 4 Projects to State-Owned Firms for $337 Million
HONG KONG—China Evergrande Group said on Friday it sold stakes and "right to debt" in four developments to ...
February 25, 2022
BY
Reuters
Evergrande Faces Huge Debt Maturity as Sales Fall by Nearly 40 Percent in 2021
Evergrande's sales in 2021 fell by nearly 40 percent, and the crisis is still brewing. At the beginning ...
January 15, 2022
BY
Shawn Jiang
China Evergrande Secures Payment Extension as More Developers Race to Avert Defaults
HONG KONG/SHANGHAI—China Evergrande Group on Thursday secured a crucial approval from onshore bondholders to delay payments on one ...
January 13, 2022
BY
Reuters
China Evergrande Moves From Shenzhen HQ Building to Cut Costs
SHENZHEN, China—Heavily indebted property firm China Evergrande Group said on Monday that it has moved out of its ...
January 11, 2022
BY
Reuters
China’s Evergrande Ordered to Demolish 39 Buildings on World’s Largest Artificial Island
Before resuming trading on Jan. 4, China's troubled real estate giant Evergrande Group issued a notice disclosing a ...
January 11, 2022
BY
Kathleen Li
As Pressure Mounts, China Evergrande Seeks Delaying Onshore Bond Payment
BEIJING/HONG KONG—China Evergrande Group will seek a six-month delay in the redemption and coupon payments of a 4.5 ...
January 6, 2022
BY
Reuters
‘Return Our Money!’ Evergrande Investors Protest at Office of Chinese Developer
GUANGZHOU, China—Investors in financial products issued by China Evergrande Group protested outside the cash-strapped company's offices in Guangzhou ...
January 4, 2022
BY
Reuters
Top Authorities Dismissed in Guangzhou Amid Evergrande Debt Crisis
News Analysis Recently, the Chinese Communist Party (CCP) announced that the two highest-ranking authorities of Guangzhou were removed ...
December 22, 2021
BY
Kathleen Li
Evergrande, Kaisa Cut by Fitch to ‘Default’ After Missed Payment Deadlines
HONG KONG/LONDON—Ratings agency Fitch downgraded property developers China Evergrande Group and Kaisa Group on Thursday, saying they had ...
December 9, 2021
BY
Reuters
Evergrande Moves Toward Restructuring; State Swoops in to Contain Risk
HONG KONG—China Evergrande Group has set up a risk management committee as the cash-strapped property developer inches closer ...
December 6, 2021
BY
Reuters
Top 10 Asian Funds Hit Hard by Chinese Property Debt
A German data service released an analysis report on China Evergrande on Nov. 17, revealing that the default ...
November 27, 2021
BY
Kathleen Li
Evergrande Dodges Default Again; Property Sector Debt Concerns Linger
SINGAPORE/HONG KONG—Cash-strapped developer China Evergrande Group once again averted a destabilizing default with a last minute bond payment ...
November 11, 2021
BY
Reuters
Chinese Developer Fantasia’s Missed Bond Payment Indicates Political Struggle: Analyst
News analysis As the default of Chinese property developer Evergrande looms, with $300 billion in liabilities in question, ...
October 16, 2021
BY
Winnie Han
Six Evergrande Executives Fined for Early Redemption of Investments
Six executives who redeemed Evergrande wealth investment products in advance have returned all the money they received to ...
October 14, 2021
BY
Kathleen Li
What You Need to Know About Evergrande
News Analysis The financial woes of Evergrande have rippled through global financial markets, while investors are bracing for ...
October 3, 2021
BY
Edward Cheng
Chinese State-Owned Firm Buys Stake in Evergrande-Linked Bank to Contain Contagion Fears
A Chinese state-owned firm stepped in to buy a stake in a regional bank from China Evergrande Group ...
October 2, 2021
BY
Kathleen Li
TOP NEWS
Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
NEW
By
T.J. Muscaro
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
3hr
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
3hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
5hr
By
Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
5hr
By
Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
6hr
By
Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
10hr
By
Lawrence Wilson
US Bankruptcy Filings Increase 7 Percent Yearly
11hr
By
Naveen Athrappully
How a Tiny Insect Decimated Florida’s Citrus, and What Orchardists Are Doing About It
12hr
By
Jacob Burg
Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
17hr
By
Melanie Sun