Evergrande said its ability to continue will depend on implementation of its offshore debt restructuring plan, and successful talks with the rest of the lenders on repayment extensions
The PBOC ordered local banks to restrict southbound purchases under the Bond Connect scheme, in a bid to limit the supply of yuan offshore, sources say
Shanghai blue chips saw another fall, but the Nikkei, Hang Seng and other key regional indexes all saw gains on Wednesday
Markets in Asia rose after a week of declines, with the Hang Seng Index rebounding nearly 1% as beaten down China shares climbed up, while the Nikkei was up by a similar amount
Hedge fund boss said China needed to slash its debts as "burdensome debt service payments are freezing the economy, especially at the provincial level"
Debt-laden Chinese builder seeks protection via the US bankruptcy code, which shields non-US firms undergoing restructuring from creditors that hope to sue them or tie up assets in the US
The PBOC's unexpected move on Tuesday comes as data for July showed weak retail sales and industrial growth. Analysts say more support is urgently needed to avoid a 'downward spiral'
Shares of China's biggest private developer tumble by 18% on Monday after trading was suspended in 11 onshore bonds issued by the group
With its regional governments facing unprecedented debt woes, economists say Beijing has realised it needs to urgently throw cash at the problem
Reports that China's third biggest developer is considering a debt restructuring, coupled with a warning that it might report up to $7.6 billion in losses for the first half, spooked investors
Shares of Country Garden, which had liabilities of $194 billion as of end-2022, fell 14% on Tuesday. The firm said its usable cash had declined due to a deterioration in sales and refinancing
Analysts say the days of pretending local governments will resolve their debt crises appear over, with Politburo leaders expected to provide rare central budget funds to slash debts totalling at least $12.8 trillion