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China Evergrande Group

  • Chinese Developer Evergrande Ordered to Liquidate; Trading Suspended
    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, 2024BY Aldgra Fredly
  • China’s Xi Makes Unprecedented Visit to Central Bank as Chinese Developers Struggle With Insolvency
    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, 2023BY Jessica Mao, Xin Ning and Olivia Li
  • China Unleashes New Bonds, Monetary Expansion in Response to Growing Developer Debt Crisis
    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, 2023BY Grace Hsing and Olivia Li
  • The Politics Behind the Rise and Downfall of Evergrande’s Hui Ka Yan
    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, 2023BY Jenny Li and Olivia Li
  • Evergrande Chairman’s Arrest Signals New Twist in Company’s Bankruptcy Saga
    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, 2023BY Grace Hsing
  • China’s Evergrande Shares Tumble as Hong Kong Trading Resumes
    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, 2023BY Aldgra Fredly
  • China Cuts Key Interest Rate Amid Property Slump, Currency Risks
    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, 2023BY Andrew Moran
  • Former Chinese Banking Regulator Accused of Graft, Serving as a ‘Revolving Door’
    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, 2023BY Mary Hong
  • Numerous Chinese Property Tycoons Fell from Hurun 100 Richest List
    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, 2022BY Shawn Jiang and Olivia Li
  • China Evergrande to Sell Crystal City Project for $575 Million
    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, 2022BY Reuters
  • Russian-Ukrainian War Is Accelerating the Bursting of China’s Economic Bubble, Says China Expert
    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, 2022BY Winnie Han
  • Evergrande Sells 4 Projects to State-Owned Firms for $337 Million
    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, 2022BY Reuters
  • Evergrande Faces Huge Debt Maturity as Sales Fall by Nearly 40 Percent in 2021
    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, 2022BY Shawn Jiang
  • China Evergrande Secures Payment Extension as More Developers Race to Avert Defaults
    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, 2022BY Reuters
  • China Evergrande Moves From Shenzhen HQ Building to Cut Costs
    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, 2022BY Reuters
  • China’s Evergrande Ordered to Demolish 39 Buildings on World’s Largest Artificial Island
    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, 2022BY Kathleen Li
  • As Pressure Mounts, China Evergrande Seeks Delaying Onshore Bond Payment
    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, 2022BY Reuters
  • ‘Return Our Money!’ Evergrande Investors Protest at Office of Chinese Developer
    ‘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, 2022BY Reuters
  • Top Authorities Dismissed in Guangzhou Amid Evergrande Debt Crisis
    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, 2021BY Kathleen Li
  • Evergrande, Kaisa Cut by Fitch to ‘Default’ After Missed Payment Deadlines
    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, 2021BY Reuters
  • Evergrande Moves Toward Restructuring; State Swoops in to Contain Risk
    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, 2021BY Reuters
  • Top 10 Asian Funds Hit Hard by Chinese Property Debt
    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, 2021BY Kathleen Li
  • Evergrande Dodges Default Again; Property Sector Debt Concerns Linger
    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, 2021BY Reuters
  • Chinese Developer Fantasia’s Missed Bond Payment Indicates Political Struggle: Analyst
    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, 2021BY Winnie Han
  • Six Evergrande Executives Fined for Early Redemption of Investments
    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, 2021BY Kathleen Li
  • What You Need to Know About Evergrande
    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, 2021BY Edward Cheng
  • Chinese State-Owned Firm Buys Stake in Evergrande-Linked Bank to Contain Contagion Fears
    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, 2021BY Kathleen Li
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