Evergrande Liquidation to Leave Little for Creditors to Claim bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
China Evergrande Group creditors are set to recover just a fraction of the billions of dollars worth of the builder’s debt they hold, with most of its assets likely hard to access for liquidators.
By Engen Tham, Clare Jim and Julie Zhu SHANGHAI/HONG KONG (Reuters) - For more than a decade, Chinese developers' debt-fuelled construction boom enric.
China’s shadow banking industry, worth about $4.4 trillion, or roughly the size of Britain’s economy, is scrambling for new business after the collapse of the property sector.
SHANGHAI/HONG KONG For more than a decade, Chinese developers’ debt-fueled construction boom enriched the country’s shadow banks, who were eager to capitalize on the needs of an industry desperate for credit and too risky for traditional lenders.