Tag: evergrande

China's real estate sector has been under enormous financial stress.
Chinese Developers Showing Sign of Weakness Amidst Evergrande Crisis
For the past few months, Chinese real estate firm Evergrande has been one of the focus points of the international investment community. The company has taken more than $300 billion in debts and is now...
Evergrande Crisis Could Cause a Damaging Domino Effect While Powerful CCP Families Profit
On Sep 22, in an attempt to assure concerned western investors, the Evergrande Group announced that it will pay RMB$232 million (US$35.9 million) in interest on bonds due in September 2025 with a coupon rate...
Many regions in China are facing a power crisis due to carbon emission targets and rising coal prices.
Power Cuts, Coal Shortages and Evergrande Failure Threatening Chinese Economy
China is facing an acute power crisis, something which can have a severe impact on one of the biggest economies in the world and a critical global manufacturing center. The power crisis has been triggered...
S&P Ratings Warn Evergrande Might Not Receive Support From Beijing, Worrying Investors
S&P Global Ratings has warned that Chinese real estate company, China Evergrande, which is currently facing financial issues, might not receive any aid from Beijing as some experts believe.  Evergrande has raked up a massive...
Evergrande Fails to Pay $83.5-Million Interest Payment
Chinese real estate giant, Evergrande, has failed to pay off its interest payments due on Sept. 23, deepening worries that the business is going to collapse and threaten China’s financial system.  The firm was due...
Last-minute Debt Deal Keeps Evergrande Afloat, but Crisis Is Far From Over
The Evergrande Group has struck a last minute deal to avoid defaulting on a bond payment worth an estimated $35.9 million that is due this Thursday Sept. 23. “In a statement filed with the Shenzhen...
The Chinese real estate group, Evergrande, is facing issues with debt repayments.
China’s Evergrande Conglomerate Reels Under Payment Issues, Threatening Chinese Economy
China’s real estate giant, Evergrande, is teetering on the brink of bankruptcy, unable to service its debts. One of the most indebted private conglomerates in China, the company’s shares, listed in Hong Kong, have crashed...
Trading of Bonds Suspended for Chinese Real Estate Giant Evergrande as Prices Plummet
Once the world’s most valuable real estate company, the Evergrande Group, had trading of its bonds suspended by China’s stock exchanges on Monday Sept. 6. The Shanghai Stock Exchange (SSE) said in a statement that...
Chinese Real Estate Giant Evergrande Teetering on the Brink of Bankruptcy
Evergrande, one of the world’s most indebted real estate developers, is reportedly so crippled with debt that it is teetering on the brink of bankruptcy.  The company, which employs upwards of 200,000 people and claims...
Hong-Kong_Security-officials
Hong Kong’s National Security Council Caught Up in Luxurious Dinner Party Scandal
On July 13, various media reported that three senior Hong Kong security officials and members of Hong Kong's National Security Council had attended a luxurious dinner party held by the mainland real estate company Evergrande...