An exterior view of the China Evergrande Centre in Hong Kong on March 26, 2018. Photo: Reuters

Evergrande, facing credit squeeze, looks to domestic market for fundraising

  • As China’s property market cools, concerns have been circulating over the financial stability of property developers
  • The parent company of Evergrande has received approval to raise 1.21 billion yuan (US$174.21 million) through the issuance of asset-backed securities, the Shanghai Stock Exchange said on Friday
Topic |   Bonds

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An exterior view of the China Evergrande Centre in Hong Kong on March 26, 2018. Photo: Reuters
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