China’s major stock exchanges are facing a tough start to the year as proceeds from initial public offerings in Hong Kong, Shanghai and Shenzhen shrink. US exchanges are strengthening their lead and ranking.
BANGKOK (AP) — A Hong Kong court’s order to liquidate China Evergrande, the world’s most heavily indebted real estate developer, is only a tentative step toward resolving a debt crisis
China Evergrande Group: Evergrande owes $340 billion to its creditors. Experts say it s unclear if Monday s order will be enforced in mainland China, where the company and 90% of its assets are based.
A Hong Kong court has ordered China Evergrande, the world’s most heavily indebted real estate developer, to be liquidated following a failed effort to restructure $300 billion owed to banks