Chinese authorities are carefully scrutinising China Evergrande’s assets as they evaluate the next course of action for the embattled developer. Photo: EPA-EFE
Chinese authorities are carefully scrutinising China Evergrande’s assets as they evaluate the next course of action for the embattled developer. Photo: EPA-EFE

Evergrande crisis: China auditing assets of distressed property developer and chairman Hui Ka-yan, sources say

  • A thorough assessment of Evergrande’s assets will help the authorities to decide whether a bailout involving state-owned entities is necessary, sources said
  • Beijing has repeatedly sought to reassure investors, but it has not yet indicated how it plans to stabilise Evergrande and the broader property market

Chinese authorities are carefully scrutinising China Evergrande’s assets as they evaluate the next course of action for the embattled developer. Photo: EPA-EFE
Chinese authorities are carefully scrutinising China Evergrande’s assets as they evaluate the next course of action for the embattled developer. Photo: EPA-EFE
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