Chinese property developer
UBS Analyst Who Cut Evergrande Turns Bullish on Chinese Property Market: When it comes to Chinese real estate, John Lam is a lone wolf.
bloomberg.com/news/articles/2024-04-25/ubs-analyst-who-cut-evergrande-turns-bullish-on-property
Probe of PwC's Evergrande conduct casts shadow on Big Four auditors: HONG KONG -- Growing scrutiny of PwC's audit work on bankrupt developer China ...
asia.nikkei.com/Business/Markets/China-debt-crunch/Probe-of-PwC-s-Evergrande-conduct-casts-shadow-on-Big-Four-auditors
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Hong Kong's audit watchdog to investigate PwC audit role in Evergrande: Hong Kong's audit watchdog Accounting and Financial Reporting Council (AFRC) said on ...
reuters.com/world/china/hong-kongs-audit-watchdog-investigate-pwc-audit-role-evergrande-2024-04-19/
China's economy grew 5.3% in the first quarter, beating expectations: On a quarter-on-quarter basis, China's GDP grew 1.6% in the first quarter ...
cnbc.com/2024/04/16/chinas-q1-gdp-grew-5point3percent-in-the-first-quarter-beating-expectations.html
Probe of PwC's Evergrande conduct casts shadow on Big Four auditors: HONG KONG -- Growing scrutiny of PwC's audit work on bankrupt developer China ...
asia.nikkei.com/Business/Markets/China-debt-crunch/Probe-of-PwC-s-Evergrande-conduct-casts-shadow-on-Big-Four-auditors
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Global economy now has its own ‘Three-Body Problem’: TOKYO -- Analysts at Fitch Ratings have been a busy bunch in recent months warning of debt landmines in the ...
asiatimes.com/2024/04/global-economy-now-has-its-own-three-body-problem/
PwC Denies Allegations in Anonymous Letter on Evergrande Work: PricewaterhouseCoopers LLP said it will investigate an anonymous letter circulating on social ...
trib.al/hrcjkEH
China Real Estate Rich Lost $100 Billion-Plus in Housing Bust: The runup in mainland property prices minted dozens of billionaires. The sector’s collapse has ...
bloomberg.com/news/features/2024-04-04/china-real-estate-rich-lost-100-billion-plus-in-housing-bust
Paid articlePaid Country Garden Appoints Legal Adviser, Urges Creditor Patience: Distressed Chinese property developer Country Garden Holdings Co. said it has engaged Linklaters ...
bloomberg.com/news/articles/2024-04-07/country-garden-appoints-legal-adviser-urges-creditor-patience
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Xi's power: Keepers of secrets live dangerously in China: Minister of Justice is a high-risk job in China, and the third former incumbent is currently under ...
faz.net/aktuell/politik/ausland/china-ermittlungen-gegen-dritten-ehemaligen-justizminister-19633928.html
Paid articlePaid China Real Estate Rich Lost $100 Billion-Plus in Housing Bust: The runup in mainland property prices minted dozens of billionaires. The sector’s collapse has ...
bloomberg.com/news/features/2024-04-04/china-real-estate-rich-lost-100-billion-plus-in-housing-bust
Paid articlePaid China's distressed property developer losses start to pile up: HONG KONG -- The severity of the financial damage to China's distressed property developers ...
asia.nikkei.com/Business/Markets/China-debt-crunch/China-s-distressed-property-developer-losses-start-to-pile-up
China and Hong Kong stocks lost nearly $5 trillion in 3 years — more than India's market cap
cnbc.com/2024/04/03/china-and-hong-kong-sold-off-nearly-5-trillion-worth-more-than-indias-stock-market.html
Evergrande's liquidators say company, SJ and Tianji withdraw Chapter 15 applications in US
reuters.com/business/evergrandes-liquidators-say-company-sj-tianji-withdraw-chapter-15-applications-2024-03-24/
China’s Country Garden faces sales slump as financial turmoil continues: China’s Country Garden faces sales slump as financial turmoil continues
wionews.com/business-economy/chinas-country-garden-faces-sales-slump-as-financial-turmoil-continues-707104
China Accuses Evergrande of $78 Billion Fraud, Worse Than Luckin and Enron: China Evergrande Group’s alleged $78 billion revenue overstatement escalates the ...
bloomberg.com/news/articles/2024-03-19/china-accuses-evergrande-of-78-billion-fraud-among-worst-ever
Paid articlePaid Chinese authorities are examining the role of PricewaterhouseCoopers(PwC) in China Evergrande Group's accounting practices after the developer was accused of a ... Show more
Chinese cities to close local financial asset exchanges to defuse risks: Four Chinese provinces and cities are shutting down their financial asset exchanges as ...
reuters.com/world/china/chinese-cities-close-local-financial-asset-exchanges-defuse-risks-2024-03-26/
China Evergrande's flagship unit, founder punished for securities fraud: China Evergrande Group founder Hui Ka Yan will be barred from the securities market for ...
reuters.com/business/chinas-regulator-ban-evergrande-chairman-entering-securities-market-life-2024-03-18/
Hints of a yuan versus yen currency war: TOKYO – The costs of a chronically weak yen just grew by US$18 trillion as China’s economy, Asia’s biggest ...
asiatimes.com/2024/03/hints-of-a-yuan-versus-yen-currency-war/
Country Garden Wind-Up Lawsuit Shows Power of Small Creditors Like Kingboard: Chinese property giant Country Garden Holdings Co. just got a public nudge that may ...
bloomberg.com/news/articles/2024-02-28/small-creditors-become-big-headaches-for-china-s-soured-builders
Quick Glance: Country Garden Faces Liquidation Petition - China's Property Woes
- Liquidation petition filed for non-payment of $205 million loan
- Hong Kong-listed Kingboard files petition in local court, hearing set for May 17
- Country Garden opposes petition, continues debt revamp plan
- Petition could worsen real estate crisis, strain Chinese economy
Evergrande Founder’s Ex-Wife Sues Son Over $128 Million in Loans: The ex-wife of China Evergrande Group’s founder Hui Ka Yan filed a lawsuit against his second ...
trib.al/q1q05lh
Time for China to move past GDP growth targets: Sometimes, good news on China’s economy is actually bad news for the broader global economy and financial system ...
asiatimes.com/2024/03/time-for-china-to-move-past-gdp-growth-targets/
How Country Garden Plays Into China’s Real Estate Crisis (2007 HK): China’s real estate crisis is rumbling on, depriving the world’s No. 2 economy of one of its ...
bloomberg.com/news/articles/2024-03-01/how-country-garden-plays-into-china-s-real-estate-crisis-2007-hk
Hong Kong Luxury Mansion Linked to Evergrande Founder Hui Ka Yan Put on Sale: Another Hong Kong mansion tied to China Evergrande Group’s founder Hui Ka Yan has ...
bloomberg.com/news/articles/2024-03-01/luxury-house-linked-to-evergrande-s-hui-put-on-sale-in-hong-kong
Quick Glance: Luxurious Evergrande Chairman's Estate Listed Amid Liquidation
- Another property owned by Evergrande's chairman, Hui Ka Yan, has been listed for sale amidst the liquidation process.
- Evergrande, known as the world's most indebted property developer, faced a default on its offshore debt at the end of 2021.
- The estate is located in an exclusive residential enclave on the Peak in Hong Kong, offering stunning views of the skyline.
- While Evergrande's assets in Hong Kong have been either seized or liquidated following the default, Chairman Hui Ka Yan's personal assets are expected to remain separate from the liquidation process.
China to improve home sales in ‘forceful, orderly’ way: BEIJING: China will improve home sales in a “forceful” and “orderly” way, Housing and Urban-Rural ...
thestar.com.my/business/business-news/2024/03/11/china-to-improve-home-sales-in-forceful-orderly-way
China Evergrande's liquidators prepare to sue PwC over audits, FT reports: The liquidators of property developer China Evergrande are preparing for a potential ...
reuters.com/legal/china-evergrandes-liquidators-prepare-sue-pwc-over-audits-ft-reports-2024-02-17/
Quick Glance: Everton climbs out of relegation zone after draw
- Amadou Onana's goal secures Everton a draw against Crystal Palace.
- The draw lifts Everton out of the Premier League relegation zone.
- Jordan Ayew leads Palace in the second half post Roy Hodgson's resignation.
- Palace is five points clear of relegation, with Everton and Luton tied in points.
A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China: From afar, China Evergrande Group had all the makings of a killer distressed-debt trade: $19 ...
trib.al/MuRnetn
Exclusive: Deutsche Bank to file liquidation suit against Chinese developer Shimao, sources say
reuters.com/business/deutsche-bank-file-liquidation-suit-against-chinese-developer-shimao-sources-say-2024-03-01/
China’s got a fixable lost-in-translation problem: As Xi Jinping’s regulators tighten their grip on quantitative trading, they are inadvertently giving global ...
asiatimes.com/2024/03/chinas-got-a-fixable-lost-in-translation-problem/
Andrew Left, Banned for Evergrande Warning, Now Wants an Apology: US short-seller Andrew Left wants an apology from Hong Kong’s market regulator — and a refund.
bloomberg.com/news/articles/2024-03-26/andrew-left-banned-for-evergrande-warning-now-wants-an-apology
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China’s Real Estate Crisis Plan Continues to Baffle. What to Know.: Smaller, more targeted government intervention in the property sector offers little guidance ...
barrons.com/articles/chinas-real-estate-crisis-plan-continues-to-baffle-what-to-know-07f430d6
Paid articlePaid China Evergrande's liquidators prepare to sue PwC over audits, FT reports: The liquidators of property developer China Evergrande are preparing for a potential ...
reuters.com/legal/china-evergrandes-liquidators-prepare-sue-pwc-over-audits-ft-reports-2024-02-17/
CX Daily: China Targets Payments Problem to Win Over Foreigners - mailchi.mp/caixin/cx-daily-june-9-asias-ruined-run-of-pandemic-success-279432
The right way to stabilize China stock markets: China’s latest effort to signal officials are serious about stabilizing slumping equities already seems to be ...
asiatimes.com/2024/02/the-right-way-to-stabilize-china-stock-markets/
One of the World’s Most Expensive Luxury Property Markets Is Becoming a Lot Cheaper
wsj.com/real-estate/one-of-the-worlds-most-expensive-luxury-property-markets-is-becoming-a-lot-cheaper-1529c5bb
Restructuring specialists boost Hong Kong staff as China property crisis stokes demand
reuters.com/world/china/restructuring-specialists-boost-hong-kong-staff-china-property-crisis-stokes-2024-02-26/
China Mortgage Stimulus Does Little to Boost Alibaba, Other Stocks. It’s a Worry.
barrons.com/articles/alibaba-stock-china-stimulus-e87d547f
Paid articlePaid China Builder Logan Faces Renewed Liquidation Risk in Hearing: Chinese builder Logan Group Co.’s representatives will appear at a Hong Kong court hearing Friday ...
bloomberg.com/news/articles/2024-02-15/china-builder-logan-faces-renewed-liquidation-risk-in-hearing
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China Used to Be the World’s Best Growth Story. Now It’s a Value Play.: Consumer confidence has plummeted, Beijing is focused on security and stability ...
barrons.com/articles/china-stock-market-value-growth-economy-91580433
Paid articlePaid China’s Property Crisis Is Causing Pain for Many. ‘All We Can Do Is Wait.’: There’s widespread anger over unfinished homes and insufficient action by policy ...
barrons.com/articles/chinas-property-crisis-is-causing-pain-for-many-318efe30
Paid articlePaid Five Things You Need to Know to Start Your Day: Asia: Good morning. The Chinese equity whipsaw pauses before the Lunar New Year. The S&P 500 hovers near the ...
bloomberg.com/news/newsletters/2024-02-08/five-things-you-need-to-know-to-start-your-day-asia
Bloomberg Evening Briefing: Supreme Court Skeptical of Trump Ballot Challenge: Get caught up.
bloomberg.com/news/newsletters/2024-02-08/bloomberg-evening-briefing-supreme-court-skeptical-of-trump-ballot-challenge
Australia News Today: Woodside Talks, PNG Leader: Good morning, it’s Amy here in Melbourne. We’re gearing up for RBA Governor Michele Bullock’s appearance before ...
bloomberg.com/news/newsletters/2024-02-08/australia-news-today-woodside-talks-png-leader
Evergrande Is Finished. China’s Property Woes Aren’t.: Chinese officials must act forcefully to stabilize the country’s real-estate sector and protect its wider ...
on.wsj.com/3SCCFG1
Quick Glance: China Evergrande Faces Liquidation Amid Property Turmoil
- A Hong Kong court ordered the liquidation of China Evergrande Group, marking a legal turning point for the heavily indebted property developer.
- The wind-up process could result in a change in management and the resolution of some issues, Judge Linda Chan stated on Monday morning at the city's High Court.
Uneven path to finish Evergrande's abandoned housing in Chinese city: In the heart of the northern Chinese city of Shijiazhuang, a fence displaying the slogan ...
reuters.com/business/uneven-path-finish-evergrandes-abandoned-housing-chinese-city-2024-02-02/
China’s Evergrande, owing more than $300 billion, ordered to liquidate: It is unclear whether China will comply with the Hong Kong court’s ruling against the ...
washingtonpost.com/world/2024/01/28/china-evergrande-property-developer-liquiidate/
After seven postponements, the Hong Kong High Court has finally issued a liquidation order against Chinese property giant Evergrande Group this week as China ... Show more
The rise of the TikTok news anchor : A horde of pocket Cronkites will read the papers and tell you, like, what they say
economist.com/united-states/2024/01/25/the-rise-of-the-tiktok-news-anchor
Investors may be getting the Federal Reserve wrong, again : Why expectations of imminent interest-rate cuts could be misplaced
economist.com/finance-and-economics/2024/01/24/investors-may-be-getting-the-federal-reserve-wrong-again
Quick Glance: Inflation Slows, Economy in Focus
- Prices rose just 0.2% in December, in line with pre-pandemic levels and barely above the Fed’s 2% target.
- Core prices rose just 0.2% in December from the previous month and 2.9% from a year earlier - the smallest increase since March 2021.
- Data suggests the economy is achieving a 'soft landing,' with inflation returning to the Fed’s target without a recession.
- Over the past six months, prices are up just 1.9%, actually below the Fed’s 2% target.
Evergrande Faces Renewed Liquidation Risk in Wind-Up Hearing: China Evergrande Group will once again try to fend off liquidation at court hearings in Hong Kong ...
bloomberg.com/news/articles/2024-01-27/evergrande-faces-renewed-liquidation-risk-in-wind-up-hearing
Paid articlePaid 🔊Today on Reuters World News daily podcast: - Iran-backed militia kills US troops - Evergrande liquidation ordered - Junta-led countries quit ... Show more reut.rs/3SfXeaa
Crude oil edges lower on China worries as tensions fester in West Asia: Brent crude futures dipped 23 cents to $83.32 a barrel by 0937 GMT while U.S ...
business-standard.com/markets/commodities/crude-oil-edges-lower-on-china-worries-as-tensions-fester-in-west-asia-124012900476_1.html
Hong Kong court orders liquidation of China's Evergrande - News | Khaleej Times: High Court judge is expected to hand down her detailed reasons for the order and ...
khaleejtimes.com/business/markets/hong-kong-court-orders-liquidation-of-chinas-evergrande
Quick Glance: Evergrande: Pressure Mounts on Chinese Real Estate Giant
- Significant drop in Evergrande shares in Hong Kong following announcement.
- New agreement between China's Supreme Court and Hong Kong's Department of Justice takes effect.
- Investor Top Shine Global files lawsuit against Evergrande for failing to honor share buyback agreement.
- Majority of Evergrande's debt owed to mainland China lenders with limited legal recourse.
China's vice premier urges more support for listed firms amid market rout: Chinese Vice Premier He Lifeng on Monday called for greater support for listed ...
reuters.com/world/china/chinas-vice-premier-urges-more-support-listed-firms-amid-market-rout-2024-01-29/
A Hong Kong court orders the liquidation of property giant China Evergrande Group; North Korea tests its new submarine-launched cruise missile; France says it ... Show more
Evergrande: Bond Traders Learned a Twisted Lesson From Its Fall: Investors are penalizing China Inc. while clamoring for notes issued elsewhere in Asia ...
bloomberg.com/opinion/articles/2024-02-01/evergrande-bond-traders-learned-a-twisted-lesson-from-its-fall
Chinese property firm Evergrande's EV company says its executive director detained
abcnews.go.com/Business/wireStory/chinese-property-firm-evergrandes-ev-company-executive-director-106185767
Quick Glance: Evergrande's EV Head Detained
- The head of Evergrande's electric vehicle (EV) arm has been detained by authorities.
- Evergrande, once China's biggest real estate developer, has reported over $300 billion in liabilities and is a symbol of the nation's property crisis.
- The announcements come after the failure of a deal to sell a stake in Evergrande NEV to NWTN, a Dubai-based firm specializing in clean-energy vehicles.
Evergrande back in court, Marcos in Vietnam, Myanmar takeover anniversary: Welcome to Your Week in Asia.A Hong Kong court will consider a winding-up petition for ...
asia.nikkei.com/Spotlight/Your-Week-in-Asia/Evergrande-back-in-court-Marcos-in-Vietnam-Myanmar-takeover-anniversary
China's property market slide worsens despite government support: China's troubled property market ended last year with the worst declines in new home prices in ...
reuters.com/world/china/chinas-dec-new-home-prices-fall-fastest-pace-since-feb-2015-2024-01-17/
Morning Bid: Forget China's overbuilding fallout - it's jobs, jobs and Fed: A look at the day ahead in Asian markets.
reuters.com/markets/asia/global-markets-view-asia-graphic-2024-01-29/
China Evergrande EV unit says trade in shares halted: China Evergrande New Energy Vehicle Group (0708.HK) said on Monday that trade in its Hong Kong-listed ...
reuters.com/world/china/china-evergrande-ev-unit-says-trade-shares-halted-2024-01-08/
Quick Glance: VW utilizing ChatGPT for driver conversations by mid-year
- Volkswagen integrating ChatGPT to enable driver conversations by mid-year.
- First vehicles with ChatGPT available in North America and Europe from early second quarter.
- AI system capable of recognizing and responding to various demands, such as temperature adjustments and displaying nearby restaurants.
China Evergrande EV unit says trade in shares halted: China Evergrande New Energy Vehicle Group (0708.HK) said on Monday that trade in its Hong Kong-listed ...
reuters.com/world/china/china-evergrande-ev-unit-says-trade-shares-halted-2024-01-08/
Troubled China Shadow Bank Zhongzhi Files for Bankruptcy: Chinese shadow banking giant Zhongzhi Enterprise Group Co. filed for bankruptcy ...
bloomberg.com/news/articles/2024-01-05/troubled-china-shadow-bank-zhongzhi-files-for-bankruptcy
Paid articlePaid Reuters Daily Briefing: January 8, 2024
- Alaska 737 cockpit voice recorder data erasure renews industry safety debate
- US Secretary of State Antony Blinken ... Show more
China Evergrande's EV share sale deal lapses: A share sale plan between China Evergrande New Energy Vehicle Group (0708.HK), the electric vehicle arm of property ...
reuters.com/world/china/china-evergrandes-ev-share-sale-deal-lapses-2024-01-01/
Quick Glance: Over 100 Killed in 'Terrorist Attacks' near Tomb of Iranian Guards' Soleimani
- Two explosions at ceremony in Kerman, Iran, kill over 100 and injure many more.
- Iranian officials blame unspecified 'terrorists' for remotely detonated explosive attacks.
- At least 103 dead and 211 injured; one of the worst attacks in Iran.
- Cemetery evacuated and closed; Iran threatens strong response to the crimes.
China Evergrande's EV share sale deal lapses: A share sale plan between China Evergrande New Energy Vehicle Group (0708.HK), the electric vehicle arm of property ...
reuters.com/world/china/china-evergrandes-ev-share-sale-deal-lapses-2024-01-01/
Real Estate Set to Stay a Top Distressed Debt Problem in 2024: High interest rates along with housing and retail woes hit sector hard
bloomberg.com/news/newsletters/2024-01-06/real-estate-set-to-stay-a-top-distressed-debt-problem-in-2024
China’s Stocks Have Fallen for Three Years. Are They Finally Ready to Rally?: The country reportedly is preparing a $280 billion fund to prop up shares ...
barrons.com/articles/chinas-stocks-evergrande-crisis-d615ad97
Paid articlePaid China Credit Market Sees Calm, Low Stress After Government Rescue
bloomberg.com/graphics/china-credit-2023-12/
Evergrande EV exec detained in China: A top executive of China Evergrande's electric vehicle company has been detained by police in the latest sign of ...
euronews.com/business/2024/01/08/evergrandes-ev-company-says-police-have-detained-one-of-its-top-executives
IMF ups emerging Asia growth forecast, warns of China property risks but says India is a bright spot
cnbc.com/2024/01/31/imf-ups-emerging-asia-growth-forecast-warns-of-china-property-risks-but-says-india-is-a-bright-spot-.html
Quick Glance: China's Economic Plenum Delay Raises Concerns
- Beijing's reluctance to boost economic growth and absence of clear reform directives worry experts and foreign business groups.
- Subdued economic recovery and mixed policy signals weigh on investment and confidence.
- National security and party unity take precedence, while other issues rank lower.
- Mixed government messaging contributes to uncertainty, eroding confidence in the market.
Evergrande EV unit suspends talks with Dubai's NWTN on redrafting deal: China Evergrande New Energy Vehicle (0708.HK) (NEV) said on Friday it has suspended ...
reuters.com/business/autos-transportation/evergrande-ev-unit-suspends-talks-with-dubais-nwtn-redrafting-deal-2024-02-02/
Investing in emerging markets: The China drama in the portfolio: The stock markets are reaching new records, only in China have prices been falling for years ...
faz.net/aktuell/finanzen/finanzmarkt/schwellenlaender-aktien-das-china-drama-im-depot-19492149.html
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