The Evergrande Center in Shanghai seen on September 22 with China’s national flag on the foreground. The developer’s debt burden continues to dominate market attention. Photo: AFP
The Evergrande Center in Shanghai seen on September 22 with China’s national flag on the foreground. The developer’s debt burden continues to dominate market attention. Photo: AFP

Hong Kong stocks surge as China injects more liquidity amid speculation Evergrande to avert full-blown default

  • Stocks rallied on mounting speculation Evergrande to restructure debt and stem a sector-wide crisis as China’s central bank injected more liquidity
  • Mainland markets also gained following a record streak of robust trading volume in Shanghai and Shenzhen

The Evergrande Center in Shanghai seen on September 22 with China’s national flag on the foreground. The developer’s debt burden continues to dominate market attention. Photo: AFP
The Evergrande Center in Shanghai seen on September 22 with China’s national flag on the foreground. The developer’s debt burden continues to dominate market attention. Photo: AFP
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