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

Topic |   China Evergrande Group
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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