Search For "evergrande"
Protest in China's Henan underscore risks bank faces as real estate sector
Updated : 3 years, 7 months ago IST
Beijing [China], August 12 (ANI): Recent protests in China's Henan province underline the risks being faced by banks as the real estate sector continues to struggle.
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China Evergrande falls short of promised restructuring plan: Report
Updated : 3 years, 7 months ago IST
Beijing [China], July 31 (ANI): China Evergrande Group, one of the largest property developers in the country by sales has said that it will unveil the restructuring plan within 2022, amid the constantly drowning economy due to the COVID-19 pandemic.
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China deploys bad-loans expert to clean up Henan's funding woes
Updated : 3 years, 7 months ago IST
Beijing [China], July 26 (ANI): Ahead of China's twice-a-decade leadership conclave, Beijing deployed a bad-loans expert to clean up Henan's festering banking and property mess.
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Chinese real estate firm Evergrande ousts top executives after loans come
Updated : 3 years, 7 months ago IST
Beijing [China], July 24 (ANI): China Evergrande, the embattled Chinese property developer, has ousted its CEO and chief financial officer after authorities conducted an internal investigation into why bank seized over USD 2 billion from the firm's property services arm.
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China scrambles to defuse anger over frozen bank accounts
Updated : 3 years, 8 months ago IST
Hong Kong, July 18 (ANI): To address rising public anger over frozen deposits at some rural banks in the country, the Chinese bank regulator has pledged to boost capital buffers for thousands of small banks which are facing worsening balance sheets amid a weak economy and a slump in the prop
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Evergrande stops trading on Hong Kong Stock Exchange
Updated : 3 years, 11 months ago IST
Hong Kong, March 21 (ANI): Trading in the shares of China's major property developer, Evergrande Group, was suspended on the Hong Kong stock exchange on Monday.
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Billionaire George Soros warns against investing in China amid real estate
Updated : 4 years, 1 month ago IST
London [UK], February 1 (ANI): Hedge-fund billionaire George Soros has warned against investing in China which is witnessing a decline in the real estate boom, citing the example of Evergrande which is finding it difficult to pay its debts in the face of government policies designed to curb
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Chinese property giant Evergrande ordered to demolish 39 buildings
Updated : 4 years, 2 months ago IST
Hong Kong, January 5 (ANI): Evergrande, which was China's second-largest property developer by sales in 2020, is reeling under more than USD 300 billion of total liabilities and has been ordered to demolish 39 buildings.
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Chinese property giant Evergrande suspends trading of shares in Hong Kong
Updated : 4 years, 2 months ago IST
Beijing [China], January 5 (ANI): China's property giant Evergrande Group Evergrande has suspended trading in Hong Kong as the heavily indebted company contends with an ongoing real estate crisis, CNN has reported.
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After Evergrande, another Chinese real estate developer Kaisa at risk of d
Updated : 4 years, 4 months ago IST
Hong Kong, November 6 (ANI): After China's property giant Evergrande Group faced a debt repayment deadline, another real estate developer Kaisa Group is at risk of default, escalating fears of further problems in the country's embattled property sector.
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China to pilot test levying property tax in selected cities amid Evergrand
Updated : 4 years, 4 months ago IST
Beijing [China], October 24 (ANI): China has decided to pilot testing property tax levies in selected cities during the coming five years, to garner experiences before proceeding with formal legislation, reported local media.
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Analysis: Unprecedented developments likely as Xi plans to extend reign
Updated : 4 years, 4 months ago IST
Tokyo [Japan], October 22 (ANI): After the removal of term limits in 2018, President Xi Jinping is heading into a third term and could rule China indefinitely.
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