China Evergrande

The Latest

  • Some users say WeChat blocks China Evergrande messaging groups
    Some users say WeChat blocks China Evergrande messaging groups
    Some instant messaging groups used by people owed money by property giant China Evergrande Group to organize protests and discuss claims have been blocked on Tencent Holdings' WeChat platform, group members said on Wednesday.
  • China Evergrande To Sell $1.5 Billion Stake In Shengjing Bank
    China Evergrande
    China Evergrande will sell 1.75 billion of its shares in Shengjing Bank to state-owned Shenyang Shengjing Finance Investment Group.
  • China Evergrande to sell $1.5 billion stake in Shengjing Bank to state firm
    China Evergrande to sell $1.5 billion stake in Shengjing Bank to state firm
    Cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management company as it scrambles to raise funds.
  • Unpaid by Evergrande, supplier sells Porsche and home to rescue his business
    Unpaid by Evergrande, supplier sells Porsche and home to rescue his business
    Guo Hui, whose cleaning business is owed 20 million yuan ($3.1 million) by embattled real estate giant China Evergrande, is counting on the government to fix a crisis that has left his own company on the brink of bankruptcy.
  • China asking state-backed firms to pick up Evergrande assets - sources
    China asking state-backed firms to pick up Evergrande assets - sources
    Beijing is prodding government-owned firms and state-backed property developers such as China Vanke Co Ltd to purchase some of embattled China Evergrande Group's assets, people with knowledge of the matter said.
  • China Evergrande's electric car unit's shares tumble 26% after warning
    China Evergrande's electric car unit's shares tumble 26% after warning
    Shares of China Evergrande's electric car unit plunged as much as 26% on Monday after it warned it faced an uncertain future unless it got a swift injection of cash and after it said it will not proceed with plans to issue RMB shares.
  • Evergrande misses payment deadline, EV unit warns of cash crunch
    Evergrande misses payment deadline, EV unit warns of cash crunch
    China Evergrande's electric car unit warned on Friday it faced an uncertain future unless it got a swift injection of cash, the clearest sign yet that the property developer's liquidity crisis is worsening in other parts of its business.
  • HSBC, StanChart may face secondary shockwaves from Evergrande crisis - analysts
    HSBC, StanChart may face secondary shockwaves from Evergrande crisis - analysts
    HSBC and Standard Chartered could face spillover damage to their profits and balance sheets from the debt crisis enveloping China Evergrande Group even though the two banks say they have limited their direct exposure, analysts have warned.
  • China's mom-and-pop investors, builders and homebuyers caught in Evergrande debt crisis
    China's mom-and-pop investors, builders and homebuyers caught in Evergrande debt crisis
    At an eerily quiet construction site in eastern China's Suzhou, worker Li Hongjun says property developer Evergrande's debt crisis means he will soon run out of food. Christina Xie, who works in export in the bustling southern city of Shenzhen, fears Evergrande has swallowed her life savings.
  • Second-Largest China Evergrande Shareholder To Offload Entire Stake
    China Evergrande
    Chinese Estates Holdings said it plans to sell its stake in China Evergrande and exit the company completely.
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