13 January 2022
A property crisis in China is deepening as the number of debt-ridden developers grows after Beijing capped their loans.
Real estate giant Evergrande is struggling to pay back $300bn in loans
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13 January 2022
A property crisis in China is deepening as the number of debt-ridden developers grows after Beijing capped their loans.
Real estate giant Evergrande is struggling to pay back $300bn in loans
12 January 2021
Investors are bracing for more volatility as payment deadlines loom for some of China's property sector's most indebted firms. Bloomberg's Rebecca Choong Wilkins reports on "Bloomberg Markets: China Open."
3 January 2022
Repayment challenges are piling up for stressed Chinese property developers. The heavily indebted industry needs to find nearly $200 billion to cover mounting bills this month from bond maturities to back wages. Bloomberg's Stephen Engle reports on "Bloomberg Daybreak: Asia."
18 December 2021
China's second largest real estate developer Evergrande has been officially declared in default by credit agencies
The ramifications of this will be felt by homebuyers and millions who rely on the sector ...........
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7 December 2021
Some China Evergrande Group bondholders had yet to receive overdue coupon payments by the end of a month-long grace period, signaling a possible default by the developer as it prepares for one of China's largest-ever debt restructurings. Rebecca Choong Wilkins reports on "Bloomberg ......
27 October 2021
Chinese authorities told Hui Ka Yan, the billionaire founder of China Evergrande Group, to use his personal wealth to alleviate the deepening debt crisis of the troubled real estate developer, according to people familiar with the matter. John Liu reports on "Bloomberg Daybreak: Asia."
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22 October 2021
Amid projections that a staggering 97 percent of Afghan households could fall below the poverty line by the middle of next year, the United Nations Development Programme has launched a $670 million trust fund to provide economic relief. Also, Evergrande makes a key
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22 October 2021
China Evergrande Group avoids default by paying a bond coupon before the weekend’s deadline. According to Bloomberg sources, the firm has wired the $83.5 million payment and bondholders will receive funds by tomorrow. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak
8 October 2021
Oct.08 -- After months of resilience in the face of concern over China Evergrande Group, the country’s $12 trillion domestic credit market has begun to show signs of strain. Bloomberg’s Rebecca Choong Wilkins reports on “Bloomberg Markets: China Open.”
5 October 2021
Oct.05 -- Lucia Kwong, head of Asia property equity research at Deutsche Bank AG, discusses China’s property sector, the possibility of contagion from China Evergrande Group and her outlook for the market. She speaks on “Bloomberg Markets: China Open.”
4 October 2021
Oct.04 -- China Evergrande Group and its property services arm were halted in Hong Kong stock trading amid a report that the developer agreed to sell a controlling stake in the unit to raise much needed cash. Bloomberg’s Stephen Engle reports on “Bloomberg Daybreak: Europe.”