Local developers' shares and bonds fell further on Wednesday after Evergrande missed a third round of interest payments on dollar bonds in three weeks
With liabilities equal to 2 per cent of China's GDP, Evergrande has sparked concerns its woes could spread through the financial system and reverberate around the world.
Fitch downgrades the troubled property giant as another payment deadline is closely watched by investors as the developer's next big test.
A step-by-step look at how Evergrande's problems have snowballed up to pivotal week when bond interest payment was due
(AF) Star hedge-fund manager Jim Chanos believes the China Evergrande crisis could have a bigger impact on Chinese investors...
China wants to show it can manage financial crises prudently without damaging fundamental trust in its governance or markets, says S&P Global.
One bank is said to be making provisions for non-payment of loan while others prepare to roll over some of their near-term debt obligations
Evergrande's financial woes have potentially destabilising consequences for the banking and financial system that may reverberate through the economy.
China's grossly indebted property developer has reportedly won a reprieve with at least one creditor agreeing to extend payment deadlines for its bonds