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Evergrande moves toward restructuring; state swoops in to contain risk

China Evergrande Group has set up a risk management committee as the cash-strapped property developer inches closer to a debt restructuring that has loomed for months over global markets and the. | December 7, 2021

Hong kongCity ofUnited kingdomClare jimShuyan wangAnne marie roantreeAndrew galbraithGuo zi wenJason neelyAddleshaw goddardKarl clowryCarmel crimminsKaisa group holdings ltdMorgan stanleyChina holdings ltdChina aoyuan property group ltd

World holds its breath as Evergrande teeters on the brink of collapse

Evergrande has debts of more than £300bn, with Asian and Western banks braced for the largest default since Lehman Brothers in 2008.

Hong kongUnited kingdom generalUnited kingdomAddleshaw goddardXu jiayinKarl clowryLehman brothersRoyal bankTiger faith asset managementBluebay assetStandard chartered

Evergrande Moves Toward Restructuring; State Swoops in to Contain Risk

HONG KONG China Evergrande Group has set up a risk management committee as the cash-strapped property developer inches closer to a debt restructuring that has loomed for months over global markets and the world's second-largest economy.

Hong kongCity ofUnited kingdomGuo zi wenAddleshaw goddardNoel celisKarl clowryKaisa group holdings ltdMorgan stanleyChina evergrande groupChina holdings ltdChina aoyuan property group ltdConita hungTiger faith assetGetty imagesHoldings ltd

Evergrande is heading for restructuring; The state reduces the risk by Reuters

© Reuters. FILE PHOTO: A sign of the China Evergrande Center building is seen in Hong Kong, China, on September 23, 2021. REUTERS / Tyrone Siu By Clar

Hong kongCity ofUnited kingdomGuo zi wenClare jimAddleshaw goddardKarl clowryKaisa group holdings ltdChina evergrande groupChina holdings ltdChina aoyuan property group ltdConita hung tiger faith asset managementCoronavirus omicronHoldings ltdPresident guo zi wen

World holds its breath as Evergrande teeters on the brink of collapse

Evergrande has debts of more than £300bn, with Asian and Western banks braced for the largest default since Lehman Brothers in 2008.

Hong kongUnited kingdom generalUnited kingdomAddleshaw goddardXu jiayinKarl clowryLehman brothersRoyal bankTiger faith asset managementBluebay assetStandard chartered

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