Evergrande is the world's most indebted real estate developer and has been at the centre of an unprecedented liquidity crisis in China's property sector, which accounts for roughly a quarter of the world's second-largest economy. Once China's top-selling developer, Evergrande's financial crisis became public in 2021 and since then it and a string of its peers have defaulted on their offshore debt obligations amid slowing home sales and fewer new avenues for fundraising, triggering fears of wider contagion that could spread to the country's banks. China's central bank and banking watchdog summon senior executives and issue a rare warning that Evergrande must reduce its debt risks and prioritise stability.
Related Keywords
Hong Kong , China , Chinese , Hui Ka Yan , Kane Wu , Sumeet Chatterjee , Roxanne Liu , Xie Yu , Liu Yongzhuo , Kim Coghill , Clare Jim , A Hong Kong , Evergrande Property Services , Pricewaterhousecoopers , Hengda Real Estate Group , Hong Kong High Court , China National Administration Of Financial Regulation , Reuters , China Construction Bank Asia , China Evergrande Group On , China Evergrande Group , China Construction Bank , Hong Kong Listed , National Administration , Financial Regulation , Evergrande Life Insurance , Evergrande Financial Wealth Management ,
comparemela.com © 2020. All Rights Reserved.