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UNCOVERED: 6 - Caught on Camera

A Ponzi scheme by any other name: the bursting of China’s property bubble

Only state intervention can save the day, but the pain is likely to fall on ordinary citizens, say observers

The Guardian - UK · Sep 25, 2022

Evergrande lenders appoint receiver to seize Hong Kong HQ

Crisis at debt-laden Chinese property developer deepens in wake of default last year and failure to sell building

The Guardian - UK · Sep 8, 2022

China’s biggest property developer Country Garden sees profits plunge 96%

The company blames the ‘severe depression’ in the property market and says ‘only the fittest will survive’

The Guardian - AU · Aug 30, 2022

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China property sales could plunge by one-third, analysts say, as crisis deepens

Amid reports Beijing is planning massive bailout, S&P predicts sales slump will heighten liquidity squeeze and trigger more defaults

The Guardian - AU · Jul 26, 2022

China's mortgage boycott is escalating. Now Evergrande suppliers have stopped paying bank loans

The property crisis in China may have entered a dangerous phase as mortgage boycotts spread and banking corruption shakes confidence, with the shadow of COVID outbreaks and lockdowns also hanging over the economy.

ABC News · Jul 26, 2022

Evergrande ousts top two executives

BEIJING: The embattled Chinese real estate giant Evergrande has ousted its CEO and chief financial officer after an internal investigation into why banks seized over US$2 billion from its property services arm.

Bangkok Post · Jul 23, 2022

Mortgage strikes threaten China’s economic and political stability

Analysis: worsening meltdown in the country’s debt-laden property market is at the heart of a problem that comes at a precarious time for the Communist party

The Guardian - UK · Jul 19, 2022

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Chinese developer Shimao misses $1bn bond payment

BEIJING: Chinese developer Shimao Group said it has failed to make payment on a US$1 billion bond that matured Sunday, one of the biggest such defaults so far this year in the country's troubled property sector.

Bangkok Post · Jul 4, 2022

Evergrande Faces Creditor Petition in Hong Kong for Liquidation

Samoan Islands-registered company seeks court ruling as troubled real estate giant works to restructure $300 billion of liabilities

Caixin Global · Jun 27, 2022

China Evergrande faces winding-up lawsuit in Hong Kong

HONG KONG: A winding-up petition has been filed against giant property developer China Evergrande Group at the Hong Kong high court, the judiciary's website showed.

Bangkok Post · Jun 27, 2022

China’s World Cup dream more distant after Covid leaves football in a mess

Delayed Super League is due to start on Friday but the football calendar has been torn apart by the impact of coronavirus

The Guardian - UK · Jun 2, 2022

Exclusive-Evergrande discussing staggered payments, debt-to-equity swaps for $19 billion offshore bonds-sources

China Evergrande Group is considering repaying offshore public bondholders owed around $19 billion with cash instalments and equity in two of its Hong Kong-listed units, two sources said, as the world's most indebted developer struggles to emerge from its financial crisis.

Reuters · May 27, 2022

Chinese developer Sunac defaults as Beijing struggles to save the trillion-dollar sector

China's third-largest developer, Sunac, is the latest to default on some of its bonds, despite a "relatively healthy" financial situation and a chairman who has previously been willing to repay debts with his own money.

ABC News · May 19, 2022

Evergrande Dodges Onshore Default With Six-Month Debt Extension

Bondholders agree to delay payments due Friday as debt-laden real estate developer faces peak in obligations coming due amid restructuring effort

Caixin Global · May 6, 2022

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Benzinga · Apr 26, 2022

E-House Comes Unhinged in China's Real Estate Crash, Joining List of Victims

Key takeaways: • E-House defaulted on $298 million worth of bonds that matured April 18, though it said this week that bondholders had agreed on a restructuring plan

Caixin Global · Apr 19, 2022

Fisher: Uncertainty Is Sky-High, So Buy Stocks Before It Fades

The first-quarter fog will lift this year, catalyzing Chinese stocks’ long-awaited rebound

Benzinga · Mar 23, 2022

More Trouble Looms For Evergrande As Angry Debtors Prepare To Take Legal Action: FT

A group of distressed debt investors in the U.S. and U.K. are prepared to take action against Evergrande Group (OTC:EVGPY), the Financial Times reports. The investors included Saba Capital, Redwood Capital Management, and Ashmore. The action came after the indebted property developer admitted that undisclosed lenders took $2.1 billion in cash from its…

The Guardian - AU · Mar 23, 2022

Evergrande delays publishing annual results over ‘drastic change’ in prospects

Chinese property giant will reveal how it will restructure its $300bn debt by July, amid confusion about how banks seized $2bn from one its divisions

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InsideEVs · Mar 18, 2022

EV News To Use: Top Stories Ford, GM, Evergrande, Futuristic Charging

In order to increase EV adoption, we need to spread the good word. If people know about EVs, they're more likely to buy one. Here are some stories to share.

Caixin Global · Mar 15, 2022

Evergrande Wins Regulatory Approval to Start Selling EVs

As a result of meeting national standards, two models will benefit from government subsidies

Benzinga · Mar 9, 2022

Is The Evergrande Crisis Over?

The looming collapse of China Evergrande Group (OTC:EVGPF), the world’s most indebted property developer, has roiled financial markets for months, threatening a contagion with far-reaching implications on China and the wider economy.

The Independent UK · Feb 10, 2022

Report: Troubled Chinese builder promises 600,000 apartments

A newspaper says a Chinese real estate developer that is struggling under $310 billion in debt is promising to deliver 600,000 apartments this year

Caixin Global · Jan 27, 2022

Evergrande Will Come Up With a Plan to Restructure Its Debt — Within Six Months

The developer says it’s working on a draft with a government-appointed risk management committee, and is resuming construction on projects

The Guardian - UK · Jan 20, 2022

Evergrande bondholders warn of legal action over ‘lack of engagement’

Group says it hopes going public will prompt action from heavily indebted property developer

Caixin Global · Jan 18, 2022

Evergrande Transfers Projects to Partners for Debt Relief

Deals aim to reduce property giant’s liabilities while ensuring completion of more than 1 million residences for buyers

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