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The Latest Breaking News from China Evergrande Group

China Evergrande Group Says To Delist From Hong Kong

Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange as a heavier-than-expected debt burden weighed on its liquidation process.

International Business Times

Explainer: Why China Evergrande Group, world's most indebted real estate developer, was ordered to liquidate and what happens next

China Evergrande Group, once China's top-selling developer and now world's most indebted real estate company, was ordered by a Hong Kong court to undergo liquidation due to its inability to manage an overwhelming debt load and to reach an agreeable restructuring plan with its creditors.

The Times of India

China Evergrande Ordered To Liquidate Amid $300B Debt

A Hong Kong court on Monday has ordered China Evergrande Group to liquidate, leading to shares of the property developer crashing.

International Business Times

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China Evergrande winding-up hearing adjourned to Dec. 4 by Hong Kong court

A Hong Kong court has adjourned a winding up hearing for property developer China Evergrande Group’s until Dec. 4

The Independent UK

China Evergrande soars after property developer's stocks resume trading

Shares of debt-laden property developer China Evergrande Group have soared after they resumed trading in Hong Kong following a suspension last week

The Independent UK

Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong

The Hong Kong stock exchanges says share trading of heavily indebted Chinese property developer China Evergrande Group has been suspended

The Independent UK

China puts Evergrande’s billionaire founder under police control

BEIJING: Hui Ka Yan, the billionaire chairman of beleaguered property developer China Evergrande Group, has been placed under police control, according to people with knowledge of the matter.

The Times of India

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Markets Today: Stocks Slip on Additional Hawkish Fed Comments

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.41%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.44%. Stock index futures this morning are moderately lower. Stock markets worldwide are under pressure today on concerns that global central banks will have to keep interest...

Barchart

Teetering China property giants undercut Xi Jinping’s push to end crisis

Fresh drama at property developers including China Evergrande Group is jeopardizing President Xi Jinping’s latest efforts to end the housing crisis.

The Times of India

Is China’s Property Debt Crisis Set to Worsen?

A multi-year downturn in China’s property market looks to continue as a raft of rescue measures from Chinese authorities have fallen flat. Disappointing home sales in China’s largest cities suggest that policy support measures have failed to turn around buyer sentiment. There are fears that China’s property debt crisis will...

Barchart

Markets Today: Stocks Lower on Concern about Hawkish Global Central Banks

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.32%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.33%. Stock index futures this morning are mildly lower, following losses in European stocks, on speculation global central banks will keep interest rates higher for longer to...

Barchart

Chinese police detain wealth management staff at the heavily indebted developer Evergrande

Police in a southern Chinese city say they have detained some staff at China Evergrande Group’s wealth management unit in the latest trouble for the heavily indebted developer

The Independent UK

China’s struggling property giant Evergrande files for bankruptcy protection in US

The company’s chapter 15 protection will protect its US assets while it attempts a restructuring deal

The Guardian - AU

Country Garden’s losses fan worst fears on China property market

BEIJING: Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese developer is on the brink.

The Times of India

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Bangkok Post

Evergrande debt plan put to the test

HONG KONG: Embattled property developer China Evergrande Group expected a signal on Thursday of the level of creditor backing for its offshore debt restructuring proposal, with investors to be given an incentive for early support.

Bangkok Post

China Evergrande winding-up lawsuit again adjourned

HONG KONG: China Evergrande Group, the world’s most indebted developer, said it expects to receive restructuring support from offshore creditors by as early as February, helping its plea to adjourn a winding-up hearing again.

The Guardian - UK

A Ponzi scheme by any other name: the bursting of China’s property bubble

Only state intervention can save the day, but the pain is likely to fall on ordinary citizens, say observers

Bangkok Post

China Evergrande faces winding-up lawsuit in Hong Kong

HONG KONG: A winding-up petition has been filed against giant property developer China Evergrande Group at the Hong Kong high court, the judiciary's website showed.

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Reuters

Exclusive-Evergrande discussing staggered payments, debt-to-equity swaps for $19 billion offshore bonds-sources

China Evergrande Group is considering repaying offshore public bondholders owed around $19 billion with cash instalments and equity in two of its Hong Kong-listed units, two sources said, as the world's most indebted developer struggles to emerge from its financial crisis.

Benzinga

Tencent's Social Media Removes Posts Questioning China's Strong Economic Data

Tencent Holdings Ltd's (OTC:TCEHY) social media site WeChat deleted at least two reports by notable economists questioning China's surprisingly strong economic data, Bloomberg reports. JD.com Inc (NASDAQ:JD) chief economist Shen Jianguang argued over multiple contradictions behind the robust data. Tencent also removed a similar post by China Evergrande Group's former chief economist Ren…

Benzinga

Is The Evergrande Crisis Over?

The looming collapse of China Evergrande Group (OTC:EVGPF), the world’s most indebted property developer, has roiled financial markets for months, threatening a contagion with far-reaching implications on China and the wider economy.

Benzinga

China's Property Market Decline To Send Iron Ore Supply Up

The China Evergrande Group (HKG:3333) crisis has had a mammoth of an impact on the metals market. For instance, in the fourth quarter last year, demand for steel in the country dropped lower than analysts’ expectations, and in the case of iron ore, the stage is set for low prices…

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