Unfinished apartment buildings at a China Evergrande Group construction site in Beijing, China, in January 2021. Photo: Bloomberg
Unfinished apartment buildings at a China Evergrande Group construction site in Beijing, China, in January 2021. Photo: Bloomberg
Business

Evergrande, Kaisa and other indebted developers get a break as China’s rate cuts release funds to relieve their cash crunch and mounting debt

  • The Hang Seng Mainland Properties Index, which tracks the performance of property developers traded on the Hong Kong stock exchange, rose by as much as 5.2 per cent
  • China Evergrande Group, Kaisa Holdings, Sunac China Holdings and other Chinese developers all soared

Pearl Liu
Pearl Liu

Updated: 6:52pm, 20 Jan, 2022

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Unfinished apartment buildings at a China Evergrande Group construction site in Beijing, China, in January 2021. Photo: Bloomberg
Unfinished apartment buildings at a China Evergrande Group construction site in Beijing, Ch