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The $70 million mansion of the Evergrande founder is up for sale.
Evergrande founder Hui Ka-yan's $70 million mansion, located in Hong Kong's most expensive affluent neighborhood, has been put up for sale by its management.
Evergrande's stunning man-made island, the world's largest, before its bankruptcy.
Hai Hoa Island is 1,5 times larger than Dubai's artificial Palm Island and is considered "a magnificent masterpiece" by Evergrande Group.
The chairman of real estate group Evergrande has been placed under house arrest.
According to Reuters, Xu Jiayin, chairman of China Evergrande Group, was placed under house arrest by Chinese authorities in early September.
With the arrest of another asset manager, Evergrande shares fell another 25%.
Evergrande's stock fell 25% after police arrested several employees at a subsidiary of the conglomerate that manages assets.
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COVID-19 Year 2: Global Economy in Turmoil
Despite the projected global growth rate of 5,6% in 2021, this figure does not reflect a bright outlook for the world economy in the second year of the COVID-19 pandemic.
Evergrande defaults on bond payments.
Fitch Ratings downgraded Evergrande Real Estate Group's rating to "limited default" after the company failed to pay interest on two tranches of bonds during the grace period.
China Evergrande is maneuvering to avoid default.
China Evergrande has just sold 1,66 billion HengTen shares to raise additional cash to avoid default.
China has asked the Evergrande owner to sell his personal assets to pay off debts.
Chinese officials have asked Evergrande chairman Xu Jiayin to sell off some of his personal assets to help pay off the company's debt.
Evergrande narrowly avoided bankruptcy at the last minute.
On November 11th, Bloomberg reported that real estate company Evergrande managed to pay its overdue interest on its USD bonds, avoiding a last-minute default.
Evergrande's debt crisis is on the verge of collapse, leaving many Chinese real estate companies in dire straits.
The crisis surrounding the Evergrande real estate "debt bomb" in China is spreading across the industry, with many other companies also struggling to pay off their debts.
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Truyền thông nhà nước Trung Quốc mới đây công bố bài báo nêu 10 cách chính phủ đang quản lý những rủi ro kinh tế chính của nước này.
China: Evergrande tensions will eventually pass, 'shared prosperity' will remain.
According to experts, the measures China is using to change its economic development model towards "shared prosperity" could backfire.
Evergrande crisis: Millennials in China are afraid to buy houses.
Hundreds of thousands of millennials in China are hesitant to even consider buying a home, fearing they will be pouring their life savings into a project with no completion date in sight.
Evergrande's crisis spread to Sweden.
The electric vehicle division of Evergrande in Sweden is seeking new investors after cutting 300 jobs.
Evergrande sells stake in bank, raising $1,55 billion to pay off debt.
Evergrande real estate group expects to raise 10 billion yuan (US$1,55 billion) after selling a portion of its stake in Shengjing Bank.
Will the Evergrande crisis spread to Vietnam?
Many people are concerned that the collapse of China Evergrande will have an impact on the domestic real estate market.
Evergrande's debt crisis: Real estate billionaire pours money into cars, obsessed with football.
Evergrande, China's second-largest real estate developer, is at risk of default and could trigger a major crisis.
Market trends last week: Turbulence due to Evergrande's 'debt bomb,' domestic routes set to open soon.
Global finance is in turmoil over Evergrande, Phu Quoc delays welcoming international tourists, and domestic flights are about to open... these are the highlights of the market news this past week (September 17-24).
Evergrande is starting to put pressure on the electric vehicle manufacturer Evergrande NEV.
Chinese electric vehicle manufacturer Evergrande NEV appears to be paying the price for the debt scandal involving its parent company, real estate conglomerate Evergrande.
China prepares for the collapse of Evergrande.
On September 23, the Wall Street Journal reported that Beijing had instructed local Chinese authorities to prepare for the collapse of the Evergrande conglomerate.
From Evergrande's 'debt bomb': Is the company's bond issuance under control?
Although experts believe Evergrande's bond issuance will not have a ripple effect on Vietnam, they also warn of potential risks when companies issue bonds, especially in the real estate sector.
Which billionaire is behind the Evergrande 'debt bomb'?
The Evergrande debt crisis, which rocked global financial markets, is closely associated with the name of one of Asia's leading billionaires.
Burdened with debt, Evergrande, the "time bomb," is forcing employees to lend him money.
Chinese real estate developers owe $300 billion on approximately 1,6 million apartments, and may be borrowing money to employ tens of thousands of people.
Two massive projects by the debt-ridden Evergrande
In addition to its high-rise apartment projects, Evergrande also has two massive construction projects: the $1,7 billion lotus-shaped stadium and the $22,9 billion Ocean Flower Island.
How dangerous is China Evergrande's $300 billion debt trap?
China Evergrande's massive $300 billion debt has sent chills down the spines of its customers, bondholders, and business partners.
Evergrande's real estate "debt bomb" challenges China's policies.
China's tough policies on its real estate sector are facing challenges as one of the country's largest developers risks defaulting on its debts.
Wall Street plunges over fears of Evergrande's 'debt bomb'.
Not only in the US, but also in Hong Kong and Europe, stock markets have fallen sharply due to concerns about the impact if the Evergrande "debt bomb" explodes.
China's economy is at risk due to the real estate conglomerate's 'debt bomb'.
Chinese real estate giant Evergrande is on the verge of default, and the consequences could spread throughout the country's financial system.
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