Evergrande crisis
TOPIC
 / company

Evergrande crisis

Evergrande crisis
Evergrande crisis
Latest news and analysis about the China Evergrande Group, the world’s most indebted property developer. Fears are rising about Evergrande’s ability to repay its cascading pile of debt against the backdrop of muted property sales in mainland China and efforts by Beijing to rein in the property sector in the past year.
A security guard stands near a development by Vanke in Beijing on December 23, 2025. Photo: Reuters
China property

Expect no ‘systemic shock’ from Vanke’s ‘technical default’: HSBC

Even an ‘aggressive’ haircut would pose limited downside risks to key developers, bank says.

China property

China’s developers diminish further amid unending property downturn

China's economic recovery

No ‘piecemeal’ steps: Chinese journal urges more support for property sector

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.

videocam
17
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.

videocam
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.

videocam
Advertisement
Advertisement
Advertisement
China property

Shanghai launches clampdown on property market doom-mongering

City’s internet regulators shut down 70,000 accounts in a ‘special campaign’ against pessimistic content as real estate jitters continue.

videocam
Shanghai has launched a “special campaign” against online content that talks down the property market. Photo: Shutterstock
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.

videocam
7
China Evergrande Group

Evergrande’s iconic Canadian hotel to be sold after default

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

China property

China’s property slump could hinder growth 5 more years: ex-finance minister

Lou Jiwei says real estate is an unlikely source of systemic risk, but proactive policy is necessary to counteract its drag on the economy.

5
China’s former finance minister Lou Jiwei at an event in 2016. Photo: Simon Song
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

Developer China Vanke reports US$2.3 billion loss amid sales slowdown

Persistent property-market weakness ratchets up pressure on the developer despite increased support from its largest state-owned shareholder.

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 property

China’s property market poised to decline at least through 2026: S&P analyst

Nationwide primary property sales are expected to fall 8 per cent in 2025 and between 6 to 7 per cent in 2026.

A man rides a scooter past a housing complex by Chinese property developer Country Garden Holdings in Tianjin, northern China. Photo: AFP
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.

videocam
Actors rehearse on the set of a micro-drama during a filming session at a hospital, in Zhengzhou, Henan province on July 17, 2024. 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.

China Evergrande Group

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.

Advertisement
Advertisement
Advertisement
China property

Hong Kong developer Road King defaults on debt payments

Listed firm suspends nearly US$80 million in interest payments and distributions while seeking restructuring discussions with creditors.

A view of Crescent Green, developed by Road King Infrastructure, in Kam Tin North, Yuen Long. Photo: Handout
China property

4 years after Evergrande crash, Chinese families still stuck in ‘broken houses’

China’s faltering property sector continues to be a drag on consumption, with much of middle class wealth stored in homes that have not regained value.

videocam
17
China Evergrande Group

Liquidators hire UBS and Citic to sell Evergrande’s property services unit

Court-appointed liquidators are working with UBS Group and Citic Securities to seek potential buyers for the subsidiary, Evergrande Property Services Group.

China Evergrande Group

Evergrande delists from HKEX in milestone for China’s property crisis

The delisting of other struggling Chinese property developers might follow, according to Kaiyuan Capital’s Brock Silvers.

China Evergrande Group amassed more than US$300 billion in liabilities at its peak. Photo: Shutterstock
China’s economic stimulus

New committee, bailout talk: is China launching a fresh property rescue effort?

China’s central bank has set up a new ‘financial stability committee’ and pledged to defuse risks in key regions and institutions.

videocam
6
Evergrande Group and other Chinese developers have still yet to complete construction on a large number of projects that ground to a halt amid an industry-wide debt crunch. Photo: Reuters
China property

China Evergrande nears delisting as 18-month suspension deadline expires

Trading in the company’s shares has been suspended since January 29, 2024, after a Hong Kong court ordered its liquidation.

videocam
China property

Cifi creditors approve US$7.9 billion offshore debt restructuring plan

The group’s offshore debt obligations will decrease by around US$5.3 billion, or 66 per cent of the total, according to the company.

China Evergrande Group

Evergrande chairman Hui Ka-yan refuses to disclose assets, liquidators say

Hui expressed his intention to the court on April 23 that he would not be disclosing his assets, a lawyer for the liquidators said.

videocam
Evergrande chairman Hui Ka-yan pictured in November 2017. Photo: Visual China Group via Getty Images
China property

Hong Kong court grants Sunac until August to finalise restructuring plan

Sunac’s financial adviser told creditors last week that the firm expects to complete its restructuring by the end of 2025 or early next year.

videocam
Sunac, which defaulted on a dollar bond in 2022, is the first major Chinese builder to pursue a second debt plan since the sector’s debt crisis began. Photo: SOPA Images/LightRocket via Getty Images
China property

China’s Sunac reaches deal with key creditors on offshore debt revamp plan

Two groups of creditors, holding about 26 per cent of Sunac’s existing debt, could choose to receive two types of mandatory convertible bonds.

videocam
China property

Country Garden: restructurings covering at least 8 bonds get creditor approval

Country Garden gets approval for restructuring eight bonds, making progress in its debt-management plan.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement