Evergrande Liquidation May Send Ripples Through China's Crumbling Financial Markets
The liquidation ruling for the developer, which has $240 billion of assets, will likely jolt already fragile Chinese capital and property markets.
Jan 29, 2024, 09:11 AM IST
China Evergrande Group suspends shares in Hong Kong amidst debt crisis
The property developer's struggle to reduce its 2 trillion yuan ($310 billion) of debt to comply with tighter official curbs on borrowing has prompted fears a default might trigger a financial crisis.
Jan 03, 2022, 12:40 PM IST
China Evergrande crisis: Real estate firm closer to potential default after missing interest deadline
China Evergrande has run short of cash. It owes more than $305 billion.
Sep 24, 2021, 12:29 PM IST
DNA: Global economy may plunge due to China's real estate market!
Chinese real estate giant Evergrande is facing a tough situation this week, with global stock markets on high alert. Earlier in the week, the company started repaying investors with assets in its wealth management business as it is facing difficulties in raising money to meet its liabilities.
Sep 21, 2021, 23:14 PM IST
