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China Evergrande Group
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 / company

China Evergrande Group

(恒大集团)

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China Evergrande Group
China Evergrande Group
恒大集团
News and analysis about China Evergrande Group, one of the country's biggest property developers by sales volume. Coverage includes Evergrande's real estate projects in mainland China and Hong Kong, as well as its forays into so-called new energy vehicles (NEVs), and its stake in the football club Guangzhou FC, known as the Guangzhou Evergrande Football Club until 2021.
Chairman / President
Yu Fachang
CEO / Managing Director
Lin Chun
CFO / Finance Director
Wong Chun Sek
Industry
Property
Website
ebchina.com
Headquarters Address
China Everbright Center, 25 Taipingqiao Avenue, Xicheng District, Beijing, China
Stock Code
SSE: 601818
SSE: 360013
SEHK: 6818
Year Founded
1990
Hui Ka-yan, then-chairman of China Evergrande Group, attends the company’s 2017 results meeting at the Four Seasons Hotel in Hong Kong. Photo: David Wong
Evergrande crisis

Founder of China’s Evergrande Group Hui Ka-yan pleads guilty in fraud trial

Milestone in downfall of company that was once the world’s largest developer is unlikely to move the market, analysts say.

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China property

Sofa so bad: China’s home-furnishing sector hits a do-or-die stretch

China's economic recovery

China’s manufacturing powerhouse cuts 2026 GDP growth target after missing mark

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China property

Mainland China’s home prices extend slide, deepening property downturn

New home prices fall again in December, with declines across most cities, as second-hand values plunge year on year.

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People skate on a frozen lake at Chaoyang Park in Beijing, with residential buildings in the background. Photo: AP
China property

China’s developers diminish further amid unending property downturn

Only 10 developers manage to break US$14 billion in 2025 sales, down from 43 in 2020.

China property

Beijing trims property resale tax in fresh push to stabilise housing market

Under new rules, sellers will pay just 3 per cent VAT if they offload a property within two years of purchase, down from 5 per cent.

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China consumption

China vows city-specific fixes to clear housing glut, stabilise property sector

Housing minister pledges to empower local governments to buy unsold inventory and shift towards selling only finished homes with a ‘what you see is what you get’ model.

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Residential buildings are seen under construction in Fuyang, Anhui province, on December 15. Photo: Getty Images
China property

China Vanke wins bondholders’ reprieve, averts default for now

Holders of the 2 billion yuan note approve extension of grace period to January 28, but deny proposal to defer principal payment for a year.

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China property

China Vanke’s managers have no plans to sell shares as firm fights for survival

Vanke, responding to queries from investors, says top managers have not notified it about their intentions so far.

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China property

Vanke’s bondholders reject payment extension, raising default risk

The rejection in a three-day vote that ended late on Friday gives the developer a grace period of five business days to pay 2 billion yuan of onshore bond.

The construction site of a residential complex being built by Chinese real estate developer Vanke in Nanjing in eastern China’s Jiangsu province on February 13, 2025. Photo: AFP
Banking & finance

Hong Kong launches HKEX Tech 100 Index in pivot towards innovation-driven growth

Unveiling of benchmark tracking Hong Kong-listed tech firms comes amid a wave of property stock delistings.

The HKEX Tech 100 Index “covers the leading innovative sectors in our listed issuer universe that have transformed the DNA of Hong Kong’s markets”, says HKEX CEO Bonnie Chan. Photo: Handout
China property

UBS predicts 2.4 million China property foreclosures as loan defaults rise

Apartments seized from small businesses could reach more than 2.4 million by 2027, according to UBS’ John Lam.

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China property

As I see it | China’s extended property slump was always expected

History has shown that when real estate bubbles burst, the economic damage is usually severe and prolonged.

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China property

China Vanke hit with fresh S&P downgrade amid mounting default concerns

Once a bellwether for China’s property sector, China Vanke now faces a CCC- rating, negative CreditWatch and a tight refinancing window.

The downgrade reflected Vanke’s “unsustainable” financial commitments, according to S&P ratings agency. Photo: Shutterstock
Hong Kong

Joy City’s Hong Kong exit throws mainland China’s property strains into relief

Cofco’s Joy City Property is quitting the Hong Kong bourse after 12 years, joining the wave of mainland developers that have already exited.

After 12 years, Joy City Property is delisting from the Hong Kong bourse. Photo: Jelly Tse
China property

UBS’ China property optimist retreats from bullish calls, foresees deeper slump

Home prices in mainland China are expected to fall for at least another two years as more people prefer renting over buying, John Lam says.

China property

Evergrande’s iconic Canadian hotel to be sold after default

Fairmont Le Chateau Montebello has hosted luminaries including Grace Kelly and Margaret Thatcher.

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China property

Evergrande liquidators set month-end deadline for bids on property services unit

Liquidators caution that the sale of Evergrande Property Services is at a preliminary stage and many of the details have yet to be finalised.

Liquidators are exploring the sale of China EVergrande Group’s property services unit. Photo: EPA-EFE
China property

Chinese developer’s property management arm hit by share seizure in Hong Kong

More than 72 per cent of Redsun Services Group’s shares are seized as Chinese developer’s debt woes deepen after defaulting on a pledge.

China's economic recovery

China’s micro-drama craze turns idle real estate projects into lavish film sets

The fast-growing entertainment sector brings life to vacant buildings, but industry insiders say the broader impact remains limited.

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China property

US advisory firm Alvarez & Marsal plans major expansion in China

A&M’s core businesses in China have rapidly expanded in response to rising demand from local corporations, the firm says.

Alvarez & Marsal plans to further expand its presence in China. Photo: Reuters
China property

Hong Kong court names Evergrande’s liquidators as receivers of founder’s assets

‘There is a total failure on the part of Hui to comply with the disclosure order,’ writes Justice Herbert Au-yeung Ho-wing.

Hui Ka Yan of China Evergrande. Photo: AFP
China property

China’s property sector shows fragile signs of stabilisation amid ongoing challenges

August figures continued their month-on-month decline, though the sluggish sector’s year-on-year numbers narrowed marginally.

Hong Kong

Evergrande eyes sale of stake in US$1.3 billion property services unit

Evergrande liquidators explore sale as soon as November after receiving non-binding offers.

Hong Kong stock market

Hong Kong stocks gain the most in 2 weeks after Fed’s Powell hints at rate cut

Mainland developers Longfor, Vanke and China Resources Land jump after Shanghai eases property-buying rules.

Hong Kong stocks made a positive start to the week on Monday. Photo: Jelly Tse
Evergrande crisis

Editorial | Evergrande delisting brings painful economic chapter to a close

The move comes at the right time as the Hong Kong stock exchange must maintain the integrity of listed companies and its own credibility.

An unfinished residential compound developed by China Evergrande Group is seen on the outskirts of Shijiazhuang, Hebei province, on February 1, 2024. Photo: Reuters
China economy

China retail slowdown, Trump-Putin summit, Wang Yi visits India

This week: Weak retail sales stoke China economy concerns; Trump and Putin prepare for Alaska talks; US and China extend tariff truce by three months. Next week: Wang Yi visits India and Pakistan; Xiaomi posts earnings; Ronaldo may play in Hong Kong, and more.

China property

China’s home prices slide as support measures fail to budge sentiment

Drop in new home prices across 70 major cities matches the previous month, which was the sharpest decline since October.

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