evergrande
Hong Kong (AFP) - Le régulateur de Hong Kong va ouvrir une enquête sur le rôle de PwC dans les pratiques comptables du géant chinois de l'immobilier Evergrande, placé en liquidation judiciaire et accusé par la Chine d'une importante fraude. Basé à Foshan, dans le sud de la Chine, Evergrande a été le plus grand promoteur immobilier de Chine. Il a accumulé les dettes jusqu'à afficher un passif de plus de 300 milliards de dollars et est ainsi devenu emblématique de la crise immobilière qui sévit depuis des années dans la deuxième économie mondiale. Le mois dernier, l'entreprise a été accusée par ...
AFP (Français)
China's economy expanded by 5.3% in the first quarter compared to a year earlier, buoyed by government schemes to boost economic demand. The figure, up from 1.6% on the previous quarter, beat a Reuters analyst forecast of 4.6%. "Generally speaking, the national economy got off to a good start in the first quarter... laying a good foundation for... the whole year," said China's National Bureau of Statistics. The agency nonetheless added that economic stability is not yet solid. Since the Covid-19 pandemic, China has struggled with a slowdown in demand and a lengthy property crisis. In the last ...
Euronews (English)
New York (AFP) - Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it attempts to restructure. Evergrande, once China's top property developer, was found in 2021 to be struggling with more than $300 billion in liabilities, as it came under intense pressure after officials tightened scrutiny of the real estate industry. The company's woes have come to symbolize the growing crisis in China's sprawling property sector, which accounts for a huge portion of the world...
AFP
In hisDaily Market Notes report to investors, while commenting on Evergrande, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more Tenuous StartAs the new year begins, the screen opened up green across the board, as expected, and then pulled back to slightly red before heading north again. As optimistic investors at large want to be, and are traditionally as each year begins, this is no “normal” year. Chinese ChillThe news out of China than Evergrande, the largest property developer in the world who has defaulted on its debt, has stopped trading its stock in Hong Kong with n...
ValueWalk
China Evergrande Group (HKG:3333) suspended the trading of its shares in the Hong Kong Stock Exchange as the affected real estate developer is preparing a restructuring plan. In a statement, Evergrande did not reveal the reason behind the move. Q3 2021 hedge fund letters, conferences and more Evergrande DebacleAs reported by CNN Business, the trading halt was pending an “announcement containing inside information,” while the eyes of investors are on how the company will be able to repay its debt. Total liabilities of Evergrande top $300 billion, and its bankruptcy could ensue a property market...
ValueWalk
Credit rating agency Fitch Ratings has downgraded fallen real estate developer China Evergrande Group (HKG:3333) to “restricted default” after it failed to meet its financial obligations. Analysts have been warning that the default could ignite a property market crisis in the Asian giant. Q3 2021 hedge fund letters, conferences and more Evergrande's DefaultAs reported by CNN, Fitch Ratings has downgraded Evergrande has defaulted on its debt as the company’s month-long due payments went unannounced once the grace period expired Monday. According to the news outlet, “Fitch said the downgrade ref...
ValueWalk
China Evergrande Group (HKG:3333) is on the brink of formal default as the 30-day grace period has gone unpaid. The real estate giant was expected to make some coupon payments to offshore bondholders, and now it is set to become the biggest defaulter in China. Q3 2021 hedge fund letters, conferences and more Evergrande CrisisAs informed by Reuters, should Evergrande not make interest payments of $82.5 million due last month it will face cross-default on the company’s international bonds worth $19 billion. The developer said Monday it had created a risk-management committee to help mitigate and...
ValueWalk
Evergrande’s debt issues are a symptom of China’s deep structural problems. If the crisis spills over wider, gold may benefit, but we are still far from such a scenario. Q3 2021 hedge fund letters, conferences and more Evergrande Is Struggling To Meet The Interest Payments____ Beijing, we have a problem! Evergrande, one of China’s largest real estate developers and biggest companies in the world, is struggling to meet the interest payments on its debts. As the company has more than $300 billion worth of liabilities, its recent liquidity problems have sparked fears in the financial markets. The...
ValueWalk
Chinese company Evergrande Property Services Group Ltd (HKG:6666) may have avoided a default for now, providing some relief for Chinese equities and European markets this morning, but the company isn’t out of the woods yet, says EXANTE’s senior analyst, Victor Argonov. Q3 2021 hedge fund letters, conferences and more Evergrande Is Not Out Of The Woods Yet"In a surprise, but welcoming, development, China Evergrande made a last minute overdue interest payment to its offshore bondholders overnight. That was according to the state-owned Securities Times. The company had already missed the payment ...
ValueWalk
In hisDaily Market Notes report to investors, while commenting on Sinic Holdings (Group) Co Ltd (HKG:2103) being downgraded by the S&P Global Ratings, Louis Navellier wrote: Q3 2021 hedge fund letters, conferences and more Bullish Retail InvestorsOur recent survey indicates retail investors are bullish heading into the fourth quarter. While there are many crosscurrents in the markets which could provoke concern, the survey results and associated commentary suggests that investors are buoyed by the prospect of a robust earnings season. That more investors were uncertain about the direction of t...
ValueWalk
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