Business

Wealth management products like Evergrande's are a big hidden risk for China's troubled property market, economists say

Evergrande supports wealth management products Marc Fernandes/NurPhoto via Getty Images According to an economics consulting, wealth management
Business

What will happen if Evergrande collapses, and how China will manage the fallout

Evergrande paid $83 million in interest on dollar bonds before the deadline. However, payments like these are just a small part of the $300 billion
Business

Evergrande is not running out of money yet, says a bond expert who expects China's government to 'force collaborations' between stakeholders

Warut Promboon (Bondcritic's credit research chief), stated that Evergrande was too large for the Chinese government. Warut stated that Evergrande
Business

China's Evergrande says it has resumed construction work on nearly a dozen additional projects, just days after it managed to avoid a default

China's Evergrande stated in a statement, that it had resumed work on over 10 projects in six cities. This statement was issued just days after the
Business

The Evergrande crisis is spreading. Here are other Chinese property developers that are in default or wobbling.

Evergrande is on the edge of default. Getty Images/STR/ Evergrande China's property developers have grown at a breakneck pace over the past decade,
Evergrande sends funds for its $83.5 million bond interest payment, says Chinese state-owned media
Business

Evergrande sends funds for its $83.5 million bond interest payment, says Chinese state-owned media

Beijing housing development by Evergrande, a Chinese property developer. According to Chinese state media Securities Times, Evergrande has paid the
Business

China's Evergrande plunges as much as 14% after $2.6 billion sale falls through, as trading resumes in Hong Kong

Evergrande, a large Chinese property developer, is on the verge of default. NOEL CELIS/AFP via Getty Images Evergrande stock dropped as high as 14%
Evergrande is 'just the beginning': Professor says more firms must exit China's property sector
Business

Evergrande is 'just the beginning': Professor says more firms must exit China's property sector

A top expert on China's housing market said that China's realty sector must be "substantially smaller." This is necessary to maintain a stable and
Business

Evergrande's deal to sell a majority stake in its property services unit to smaller rival has been put on hold, report says

Getty Images Reuters reported that Evergrande's plan to sell a majority of its property services unit was canceled. Hopson Development Holdings was
Business

US futures get a lift from robust earnings, despite inflation and Evergrande fears

Although traders have been encouraged by earnings, they are still worried about inflation. Brendan McDermid/Reuters After the benchmark indices rose