Evergrande is the only top-10 Chinese developer to be in breach of Beijing’s ‘three red lines’ and is barred from adding any new debt. Photo: Reuters
Evergrande is the only top-10 Chinese developer to be in breach of Beijing’s ‘three red lines’ and is barred from adding any new debt. Photo: Reuters

Could Evergrande, which owed US$104.1 billion at the end of last year, collapse like HNA Group?

  • Concerns mount after provincial government speaks to developer about diluting Evergrande’s controlling stake in regional bank
  • Reports of banks rejecting IOUs issued by Evergrande to suppliers go viral on Chinese social media

Topic |   China property
Evergrande is the only top-10 Chinese developer to be in breach of Beijing’s ‘three red lines’ and is barred from adding any new debt. Photo: Reuters
Evergrande is the only top-10 Chinese developer to be in breach of Beijing’s ‘three red lines’ and is barred from adding any new debt. Photo: Reuters
READ FULL ARTICLE