Tag: evergrande-group

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Weibo Influencer Banned for Offering Advice on How to Boost China’s Birth Rate
Chinese economist and influencer Ren Zeping was banned from Weibo on Jan. 12 after publishing a string of audacious posts stating authorities should print extra money to pump up the birthrate. In an article published...
Evergrande, China's largest property developer, is facing a liquidity crisis with total debts of around $300 billion. The problems faced by the company could impact China’s economy, and the global economy at large.
Chinese Property Developers Owe $173 Billion in Wages in January
Property developers in communist China faced major problems in 2021. Plagued by several issues like the inability to pay debts and slowing consumer demand, many real estate firms faced a severe cash shortage. Looking at...
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Chinese Property Developers to Raise Funds Through Supply Chain Asset-Backed Securities
The Chinese real estate sector is going through tough times as many developers are facing financial troubles, and are unable to pay their suppliers or debt holders. To help deal with the issue, Chinese regulators...
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Fed Warns of American Consequences for China’s Real Estate Crisis
China’s real estate crisis, triggered by several property companies being unable to service their debts, is one of the most-watched developments by investors world wide. Now, the U.S. Federal Reserve has warned that the situation...
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Chinese Real Estate Developers Plunge Into Deeper Troubles
While investors are fixated on the fate of Evergrande, the Chinese real estate developer isn’t the only property company in the country facing trouble. Several other firms in the sector are having difficulty repaying debts...
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China Evergrande Group Secures Extension On Defaulted Bond
China’s debt-ridden property developer Evergrande Group has managed to secure an extension on a defaulted bond. Evergrande has been granted a three-month plus extension on a $260 million bond after the company offered extra collateral....
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Offshore Investors in Trouble as Evergrande Favoring Domestic Obligations
With liabilities of more than $300 billion, China’s Evergrande Group is the one of most indebted property developers in the world. Having failed to make payments on some of its debts, Evergrande is making offshore...
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Chinese Property Companies Hit With Credit Downgrades as Evergrande Crisis Deepens
Property firms in China are going through one of the most difficult times in recent memories, with real estate giant Evergrande and a host of other companies unable to pay loans and suffering from a...
Trading of Evergrande Shares Halted; Worries Concerning Chinese Property Market Deepen
On Oct. 4, Evergrande halted trading of its shares on the Hong Kong Stock Exchange (HKSE) pending a “major transaction,” which some believe involves Chinese state companies buying up portions of the firm’s assets.   Evergrande...
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...
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...