The debt crisis at Shenzhen-based China Evergrande Group looms large over its home province, which has moved to ensure homebuyers’ rights are protected. Photo: EPA-EFE The debt crisis at Shenzhen-based China Evergrande Group looms large over its home province, which has moved to ensure homebuyers’ rights are protected. Photo: EPA-EFE
The debt crisis at Shenzhen-based China Evergrande Group looms large over its home province, which has moved to ensure homebuyers’ rights are protected. Photo: EPA-EFE

Evergrande crisis: Guangdong province moves to ensure social stability, issues notice warning homebuyers of potential risks

  • Provincial regulator warns homebuyers about transferring money to bank accounts not designated by the local government, among other warnings
  • The notice is aimed at protecting homebuyers’ rights but is likely to worsen developers’ cash flow problems

Topic |   China Evergrande Group
The debt crisis at Shenzhen-based China Evergrande Group looms large over its home province, which has moved to ensure homebuyers’ rights are protected. Photo: EPA-EFE The debt crisis at Shenzhen-based China Evergrande Group looms large over its home province, which has moved to ensure homebuyers’ rights are protected. Photo: EPA-EFE
The debt crisis at Shenzhen-based China Evergrande Group looms large over its home province, which has moved to ensure homebuyers’ rights are protected. Photo: EPA-EFE
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