The Hong Kong-headquartered company says its controlling shareholder Wong Sai Chung has vowed to back the firm through its liquidity crisis
A leading People's Bank of China official has moved to reassure the markets any impact a China Evergrande collapse might have on its financial institutions will be manageable
Struggling real estate giant failed to pay nearly $150 million of coupons on three bonds due on Monday, after missing two other bond payments in September
Analysts say Beijing could ease its clampdown to deleverage the property sector or ease up on some of its moves if it begins to seriously undermine the country's economic well-being.
Shares of Chinese real estate firms slip as investors worry about the debt crisis that has hit the property sector, including China Evergrande Group, following fresh rating downgrades.
As default looms for ailing property giant China Evergrande, its bond investors abroad are looking at what legal options they have to safeguard their cash
China has the ability to address the Evergrande crisis, although there is a risk of the developer's pain escalating to cause broader financial stress, the Fund says
Leading property association will hold a meeting with members on Friday to assess the difficulties builders are facing across the country and advise on policy implementation
Bondholders said Evergrande hadn’t stumped up $150 million for a coupon payment due Monday, its third missed payment in as many weeks
Developers rush to delay payment deadlines, while Evergrande looks to have missed a third payment and Beijing is allegedly probing lenders' links to large builders
The Shanghai-based firm has total liabilities of $1.01billion as impact of China Evergrande’s struggles continues to be felt across country’s property sector
And another real estate firm, Modern Land, is seeking to delay repayment on a dollar bond in a bid to avoid a default as Evergrande’s struggles continue