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China Evergrande selloffs on default worries, onshore bond temporarily suspended

Shares of China Evergrande Group plunged as much as 11% to their lowest since July 2015. The tumble came a day after the company’s stock briefly fell below its 2009 initial public offering price. Fitch Ratings has further downgraded the indebted developer's credit rating by three notches.
1 month ago|Beijing, China

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The Guardian
The GuardianL

China property market rocked as giant Evergrande struggles to repay $300bn debts

Shares in Hong Kong-listed firm slump 10% and bond trade suspended amid fears of contagion in shaky Chinese real estate marketShares in the embattled Chinese property giant Evergrande have slumped again after two credit downgrades in two days amid concerns that it will default on its massive $300bn debt pile.Evergrande, which is one of the world’s most indebted companies, has seen its shares tumble 75% this year. They fell by almost 10% on Thurs…

1 month ago|London, United Kingdom
Reuters
ReutersC

China Evergrande selloffs on default worries, onshore bond temporarily suspended

SHANGHAI/HONG KONG - Indebted China Evergrande Group's shares and bonds were under fresh pressure on Thursday after media reports that the company would suspend interest payments due on loans to two banks later this month and also all payments to its wealth management products. Investors are factoring in an increasing likelihood of a default. Regulators have warned that Evergrande's

1 month ago|United Kingdom
Independent.ie
Independent.ieR

China wants to cool its property market without triggering a financial and debt crisis

Warnings that China’s campaign to cool its property market will go too far are multiplying.

2 months ago|Ireland
Today
Today

China Evergrande shares, bonds dive further on default worries

HONGKONG/SHANGHAI -China Evergrande Group's shares and bonds came under fresh pressure on Thursday after the indebted developer failed to repay interest for some of its trust loans on time.

2 months ago|Singapore
OAN
OANR

China Evergrande shares, bonds dive further on default worries

September 9, 2021By Clare Baldwin and Andrew GalbraithSHANGHAI/HONG KONG (Reuters) -Indebted China Evergrande Group’s shares and bonds came under fresh pressure on Thursday after reports that it would suspend interest payments due on loans to two banks later this month, and also payments to its wealth management products. Regulators have warned that Evergrande’s 1.97 trillion yuan ($304.7 billion) of liabilities could spark broader risks to Chin…

1 month ago|San Diego, United States
Bloomberg Quint
Bloomberg Quint

China Evergrande Shares Plunge 11% to Lowest Since July 2015

(Bloomberg) -- Shares of China Evergrande Group plunged as much as 11% to their lowest since July 2015, on continued concerns over the financial health of the indebted developer.Continue Reading. Read more on Markets by BloombergQuint.

1 month ago|
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