The China Evergrande Centre in Hong Kong. ‘We will diffuse our debt risk and maintain the stability of the property and financial markets with our greatest determination and utmost effort,’ the company said on Friday. Photo: Bloomberg
The China Evergrande Centre in Hong Kong. ‘We will diffuse our debt risk and maintain the stability of the property and financial markets with our greatest determination and utmost effort,’ the company said on Friday. Photo: Bloomberg

China Evergrande vows to ‘unwaveringly’ follow Beijing’s orders after being summoned by regulators

  • Evergrande says it will be ‘at full stretch and by all means possible’ keep operations stable and cut debt in line with Beijing’s wishes
  • Shares of China Evergrande Group companies take a beating following Friday’s statement

The China Evergrande Centre in Hong Kong. ‘We will diffuse our debt risk and maintain the stability of the property and financial markets with our greatest determination and utmost effort,’ the company said on Friday. Photo: Bloomberg
The China Evergrande Centre in Hong Kong. ‘We will diffuse our debt risk and maintain the stability of the property and financial markets with our greatest determination and utmost effort,’ the company said on Friday. Photo: Bloomberg
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