PROPERTY
<strong>Evergrande halts trading</strong>
Troubled Chinese property developer giant China Evergrande Group (恆大集團) and all its units yesterday morning suspended trading in Hong Kong, it said in a notice to the Hong Kong Stock Exchange, without giving a reason. “Accordingly, all structured products relating to the company will also be halted from trading at the same time,” the notice said. Shares of Evergrande Property Services Group Ltd (恒大物業) and China Evergrande New Energy Vehicle Group Ltd (恆大新能源汽車) were suspended. The suspension the second this year comes ahead of an expected US$2 billion repayment obligation tomorrow, and another US$1.4 billion next
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Microsoft Corp s Bing,
the only major foreign search engine available in China, said it
has been required by a relevant government agency to suspend
its auto suggest function in China for 30 days. . | December 17, 2021