Stand News says hampers were worth HK$3,338 although officials cannot receive any gift which costs more than HK$3,000

Evergrande shares hit a record low on Wednesday after a missed debt payment left the firm at risk of becoming China's biggest defaulter, and trading in Kaisa Group stock was suspended

If the struggling property developer fails to find $82.5m in interest payments due last month, it would put the group at risk of becoming China's biggest-ever defaulter

Unlike a couple of months ago, the fallout has been broadly contained, with policy makers in Beijing becoming more vocal and markets more familiar, analysts say

The commercial building is situated in Canberra's Central Business District and has a net leasable area of 40,000 square metres, the report said

Some bondholders did not receive coupon payments due on Monday in what could be group's first offshore default on a public bond. That will trigger cross-defaults on $19bn bonds in global markets

Default shows some developers continue to struggle even as Beijing has started to marginally relax financing to meet developers' normal funding needs

Evergrande shares plunged 19% to a multi-year low as a 30-day grace period on an $82.5m payment ends on Monday, while developer Sunshine 100 defaulted.

China developers including Country Garden, Greentown China and China Vanke are all considering issuing asset-backed securities.

Evergrande, with more than $300 billion in liabilities, has already failed to pay coupons worth $82.5 million as it stumbles from debt deadline to debt deadline

Tightened lending curbs in China's real estate sector early this year has exacerbated financial troubles at some property developers, triggering sector-wide liquidity stress

The demands were due to rating downgrades and the company warned shareholders it might be unable to pay up due to a liquidity crunch