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The Latest Breaking News from Evergrande

£138m price agreed for Mayfair mansion in London's most expensive home sale of 2023

Billionaire Adar Poonawalla is set to buy Aberconway House in the biggest deal of the year

Evening Standard

China’s Evergrande wins more time to restructure debts

Hong Kong court gives property developer until 29 January to formulate deal for creditors

The Guardian - UK

China's Evergrande Liquidation Case Adjourned Until January: HK Court

Heavily indebted Chinese property giant Evergrande has until late January to put together a restructuring plan, a Hong Kong court ruled Monday, extending a deadline that could lead to its liquidation.

International Business Times

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What We Know About Evergrande's Financial Future

A Hong Kong court on Monday gave Chinese property giant Evergrande until the end of January to put together a restructuring plan, offering the embattled firm much-needed breathing room as it teeters on the brink of bankruptcy.

International Business Times

Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts

A Hong Kong court will convene a hearing Monday on troubled Chinese property developer Evergrande's plans for restructuring its more than $300 billion in debts

The Independent UK

China's real estate crisis has helped punch a $37 billion hole in the balance sheet of one of the country's largest shadow banks

But be wary of a hard landing narrative, warns one economist, as the risk of contagion pushes Beijing to offer stronger support for real estate.

Fortune

Crumbling buildings and broken dreams: China’s unfinished homes

Tens of millions of homes lie vacant across China following the country’s credit-fuelled construction boom.

Al Jazeera

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China holds major financial conference as leaders maneuver to get slowing economy back on track

China’s leaders are expected to search for ways to mend the country's fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing

The Independent UK

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’s founder is no longer a billionaire after the man once worth $42 billion loses 98% of his wealth

Property tycoon Hui Ka Yan was once Asia’s second-richest person.

Fortune

China’s Country Garden risks default after ‘missing bond payment’

Property developer denies claims founder and chair have left country amid reports it missed key deadline

The Guardian - UK

China’s Country Garden warns it could default on debt

Property developer has about $200bn in liabilities and says its sales are ‘under remarkable pressure’

The Guardian - UK

China's Country Garden warns its first-ever default could come soon as its September sales plunge by over 80% year-on-year

In a stock filing Tuesday, developer Country Garden said it expects to miss some of its foreign debt payments.

Fortune

Evergrande, the ‘runaway’ developer that could become a wrecking ball for China’s economy

The regulatory crackdown that sparked arrests and a debt crisis in China’s second-biggest developer may do more harm than good to market, say analysts

The Guardian - AU

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France 24

Crypto in the courtroom: FTX founder Sam Bankman-Fried goes on trial for fraud

Sam Bankman-Fried, the 31-year-old founder of cryptocurrency exchange FTX, will go on trial in New York this Tuesday. He stands accused of defrauding millions of customers who traded on his platform by using their funds to prop up his hedge fund Alameda Research. Also in this edition, Evergrande shares start…

The Guardian - UK

Evergrande shares soar as trading in crisis-hit China firm resumes

Stock was suspended after report billionaire founder Hui Ka Yan was under police surveillance

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

Fortune

Evergrande spirals even further after halting its shares and admitting its billionaire chairman is detained due to 'suspicion of illegal crimes'

Evergrande's shares only resumed trading a month ago—and have lost 80% of their value since then.

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The Independent UK

Stock market today: Asian shares fall over China worries, Seoul trading closed for a holiday

Asian shares were mostly lower Thursday in subdued trading on looming worries about China property woes

The Guardian - AU

Evergrande halts share trading as woes mount for China property giant

Suspension comes a month after developer resumed trading and follows its chair reportedly being put under police surveillance

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 Guardian - UK

Morrisons boss to step down; UK approval of Rosebank oilfield condemned as ‘environmental vandalism’ – as it happened

Supermarket names Rami Baitiéh as CEO; go-ahead for Equinor to develop largest oilfield in UK waters outrages campaigners

The Guardian - UK

Chair of China’s Evergrande reportedly put under police surveillance

Another missed bond payment raises doubts over future of world’s most indebted property developer

The Independent UK

Stock market today: Asian shares mostly lower after Wall Street retreat deepens

Shares in Asia are mostly higher, shrugging off a sharp decline on Wall Street that took benchmarks back to where they were in June

Fortune

Chinese social media censored a top economist for his bearish predictions. He now warns that China's property crisis will take a decade to fix

Hong, now chief economist for a Shanghai-based hedge fund, thinks China would be lucky if the real estate sector halves in size.

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