Evergrande, China’s second-largest property developer, is $300 billion in debt. That’s equivalent to 2% of China’s GDP.
Monthly Archives For September 2021
Alarmed by Evergrande, China’s lenders hold back on new credit for property developers
As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent …
China’s property sector risks falling into bear market – Citibank
China’s home prices are at risk of “meaningful downside” regardless of what happens to China Evergrande Group, Bloomberg reports, citing analysts at Citigroup. Key quotes It …
China Property Watch – September 2021
Fitch Ratings expects the consolidation among Chinese property-management (PM) companies to accelerate as homebuilders have been spinning off and seeking publi …
China shares end lower as materials weigh; property sector down
Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.31%, while Japan’s Nikkei index closed up 2.06%.
China Evergrande: from ‘controlled demolition’ to near-certain default and state takeover, money managers outline views on unfolding debt crisis
As China Evergrande Group fights for survival under more than 1.97 trillion yuan (US$305 billion) of liabilities, speculation is mounting that a painful restructuring is inevitable. The stock has …
8 Stocks on the Right Side of China’s Regulatory Crackdown
China wants to beat the West in next-generation technology and shift wealth distribution in the country. Some listed Chinese companies benefit from these objectives.
China’s central bank calls cryptocurrency-tied deals illegal, bitcoin drops 4.5%: report
The People’s Bank of China on Friday called cryptocurrency-tied deals in the country illegal, sending bitcoin shares about 4.5% percent lower, according to a report.
Strong exports to speed up China’s economic recovery report
The Chinese economy is expected to maintain its recovery over the rest of 2021 thanks to the countrys strong exports according to research by the Asian D …
China Deems All Crypto-Related Transactions Illegal in Crackdown
China’s central bank said all cryptocurrency-related transactions are illegal and must be banned, sending the strongest signal yet on its determination to crack down on the industry.
Bitcoin slips after China central bank vows to crack down on crypto trading
Bitcoin fell nearly 5% on Friday after China’s central bank said it would crack down on cryptocurrency trading, banning overseas exchanges from providing services to mainland investors. The largest …
Bitcoin, Ether Tumble as China Intensifies Crackdown on Crypto
Bitcoin, Ether and other digital tokens tumbled as China intensified its push to rein in crypto speculation and mining.
China’s Central Bank Says All Cryptocurrency Transactions Are Illegal
The People’s Bank of China will ban financial institutions, payment companies, and internet platforms from facilitating cryptocurrency trading.
