Just three months after narrowly avoiding collapse, the world's most indebted developer China Evergrande Group is teetering on the brink again and investors are still unclear how much or for how long the problems could reverberate.
Some offshore bondholders of China Evergrande Group did not receive coupon payments by the end of a 30-day grace period, four people with knowledge of the matter said, pushing the cash-strapped property developer closer to formal default.
Some offshore bondholders of China Evergrande Group did not receive coupon payments by the end of a 30-day grace period, four people with knowledge of the matter said, pushing the cash-strapped property developer closer to formal default.
Macau's gaming regulator has ordered junket operators in the world's largest gambling hub to stop offering credit to customers, according to brokerage firm Bernstein.
China’s property magnates face a choice between giving up control or risking insolvency as the industry’s liquidity crisis deepens. It’s a marked contrast to previous crunches, when founder-chairs mostly came up with ways to cling to their controlling stakes.