Concerns about the spillover risks of a messy collapse have led to speculation the state may support the group and 'buy time' till it can sell its subsidiaries off, before a buy-up of projects or stakes in the core unit
China wants to show it can manage financial crises prudently without damaging fundamental trust in its governance or markets, says S&P Global.
Xu Jiayin (aka Hui Ka Yan) has put on a brave front to rally his troops while his empire teeters near collapse
(AF) China Evergrande said six of its executives had cashed out early from investment products that the troubled property...
Hong Kong led the equity sell-off as the struggles of China’s second biggest property developer sends shockwaves across the region’s trading floors
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
Shares of Sunac, China's fourth-largest property developer, dropped more than 10%, while state-backed Greentown China shed almost 7%.
Investors in China Evergrande Group bonds face a moment of truth on Thursday when interest payments totaling $119.5 million come...
Evergrande, with over $300 billion in liabilities, is in the throes of a liquidity crisis that has left it racing to raise funds. It has a bond interest payment of $83.5 million due on Thursday.