(WSJ) China has asked the local authorities to be ready for a potential downfall of Evergrande Group, remaining adamant against a bailout of the property developer. Beijing has urged the…
(Financial Times) BlackRock and HSBC increased their holdings in Evergrande bonds a few months before the liquidity crisis hit the Chinese developer. Fig: Evergrande Bond Prices BlackRock, through its high-yield fund,…
(Seeking Alpha) China’s Evergrande shares at Frankfurt Stock Exchange rose 32% after its subsidiary Hengda Real Estate announced an interest payment due on Thursday. Hengda Real Estate unit said that…
(Reuters) Chinese property developer Evergrande Group extended losses by a further 10.2% on Monday to claim an 11-year low of HK$2.28 as fears grow over loan defaults. The fall in…
(Bloomberg) China has warned lenders to cash-strapped developer Evergrande Group not to expect interest payments due on September 20 as massive debt restructuring looms. Fig: Evergrande’s Dollar Bonds The warnings,…
China’s largest property developer Evergrande New Energy Vehicle Group’s entry into electric cars has caught investor’s imaginations. According to Yahoo! Finance, the company, now with a market value of $87…