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November 30, 2021

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Macau casino shares tumble amid arrests, junket mogul detained

Reuters
A logo of Macau junket operator Suncity Group is seen at a gaming fair in Macau, China November 18, 2015. REUTERS/Bobby Yip//File Photo Register now for FREE unlimited access to reuters.com Register HONG KONG, Nov 29 (Reuters) – Macau casino stocks slid on Monday, rattled by the arrests of 11......

Even in tech hub Shenzhen, China’s property market succumbs to chills

Reuters
Buildings are seen in Shenzhen, China September 18, 2018. . REUTERS/Jason Lee Register now for FREE unlimited access to reuters.com Register SHENZHEN, China, Nov 29 (Reuters) – Life used to be good for Jerry Tang, who left his rural hometown in 2014 to become a real estate agent in Shenzhen......

China Evergrande sells entire stake in streaming platform HengTen to ease debt burden

Reuters
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song HONG KONG, Nov 18 (Reuters) – China Evergrande Group (3333.HK) is selling its entire stake in streaming services firm HengTen Network Group (0136.HK) to raise HK$2.13 billion ($273.5......

China Oct new home prices fell the most since Feb 2015

Reuters
Apartment blocks are pictured in Beijing, China December 16, 2017. REUTERS/Jason Lee/File Photo Oct new home prices on-month drop biggest since February 2015 Annual growth of Oct new home prices slowest since January 2016 Number of cities reporting prices gains fewest since March 2015 BEIJING, Nov 15 (Reuters) – China’s......

Evergrande dodges default again; property sector debt concerns linger

Reuters
Bondholders receive overdue coupon payments – source Chinese property shares, bonds stage relief rally Broader liquidity concerns remain, more debts coming due SINGAPORE/HONG KONG, Nov 11 (Reuters) – Cash-strapped developer China Evergrande Group once again averted a destabilising default with a last minute bond payment but the reprieve did little......

Investors await Evergrande’s overdue $148 million payment amid contagion fears

Reuters
A man rides an electric bicycle past the construction site of Guangzhou Evergrande Soccer Stadium, a new stadium for Guangzhou FC developed by China Evergrande Group, in Guangzhou, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo Nov 10 (Reuters) – The uncertainty ahead of Wednesday’s deadline for cash-strapped China......

China state council think-tank met developers, banks, says source, as debt woes mount

Reuters
The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo SHANGHAI/BEIJING, Nov 9 (Reuters) – A think-tank of China’s powerful state council met real estate developers and banks in Shenzhen city, a source with direct knowledge of the meeting told Reuters, amid intensifying worries over......

Chinese developer Kaisa unit misses payment, debt worries mount

Reuters
A construction site by Chinese property developer Kaisa Group is seen at an area of downtown Shanghai, February 17, 2015. REUTERS/Carlos Barria SHENZHEN, China/HONG KONG, Nov 4 (Reuters) – Chinese property developer Kaisa Group Holdings Ltd (1638.HK) said on Thursday its finance unit had missed a payment on a wealth......

Analysis: China’s property woes put prestige global projects in play

Reuters
LONDON, Oct 31 (Reuters) – China’s property sector woes could spell trouble for prestige mega-projects in London, New York, Sydney and other top cities as the developers behind them scramble for cash. While China Evergrande Group’s (3333.HK) struggles have dominated the crisis, the risk to multi-trillion dollar global property markets......

Bottled water, vaccines and electric vehicles propel China’s biggest earners

Reuters
Evergrande boss and other property moguls slide down rich list Former No. 1 Jack Ma down to No. 5 TAL Education and Tencent founders curbed by regulation Hoshine Silicon CEO biggest mover HONG KONG, Oct 27 (Reuters) – Bottled water, vaccine development, short video platform TikTok and electric vehicle technology......

China’s Modern Land misses bond payment; property shares drop

Reuters
Men work at the construction site of a highrise building in Beijing, China, October 18, 2021. REUTERS/Thomas Peter Modern Land cites liquidity issues for non-payment State planner, forex regulator meet with overseas issuers Hang Seng mainland property index falls more than 5% HONG KONG/SHANGHAI, Oct 26 (Reuters) – Modern Land......

China’s Evergrande says resumes work on more than 10 projects

Reuters
An aerial view shows residential buildings at the construction site of Evergrande Cultural Tourism City, a China Evergrande Group project whose construction has halted, in Suzhou’s Taicang, Jiangsu province, China October 22, 2021. REUTERS/Xihao Jiang BEIJING, Oct 24 (Reuters) – China Evergrande Group(3333.HK) said on Sunday it had resumed work......

China Evergrande lines up funds for interest payment to avert default -source

Reuters
Evergrande remits funds for interest payment to trustee -source Company faced end of 30-day grace period for payment on Oct. 23 Evergrande shares jump, drive gains in other developers Next 30-day grace period expires Oct. 29 for Sept. 29 payment HONG KONG/SHANGHAI, Oct 22 (Reuters) – China Evergrande Group (3333.HK)......

Hong Kong finance chief says city’s exposure to Evergrande ‘very minimal’ -SCMP

Reuters
The logo of China Evergrande is seen at outside China Evergrande Centre building in Hong Kong, China September 23, 2021. REUTERS/Tyrone Siu/File Photo Oct 3 (Reuters) – Hong Kong’s exposure to debt-laden developer China Evergrande Group (3333.HK) is “very minimal” at 0.05%, or HK$14 billion ($1.79 billion), of banking assets,......

Malaysia’s help needed to ease global chip shortage, Taiwan says

Reuters
A 12-inch wafer is seen at Taiwan Semiconductor Manufacturing Co. (TSMC) in Hsinchu June 15, 2010. REUTERS/Pichi Chuang TAIPEI, Oct 1 (Reuters) – Malaysia’s help is needed to resolve the global shortage of auto semiconductors, especially when it comes to packaging, a sector affected by the country’s COVID-19 curbs, Taiwan......

Evergrande set to miss second offshore bond coupon payment this month, sources say

Reuters
Some Evergrande bondholders had not received coupon on Wednesday Evergrande was facing Wednesday deadline for $47.5 mln payment Company sold $1.5 billion stake in Shengjing Bank Shares in Evergrande rise as much as 17% HONG KONG, Sept 29 (Reuters) – At least some of China Evergrande’s offshore bondholders had not......

China Evergrande to sell $1.5 bln stake in Shengjing Bank to state firm

Reuters
Shengjing demands repayment of debts due to it Evergrande says sale will help stabilise Shengjing Evergrande faces bond interest payment deadline HONG KONG, Sept 29 (Reuters) – Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group (3333.HK) said on Wednesday it plans to sell a 9.99 billion yuan......

China asking state-backed firms to pick up Evergrande assets – sources

Reuters
An aerial view shows the construction site of Guangzhou Evergrande Soccer Stadium, a new stadium for Guangzhou FC, developed by China Evergrande Group, in Guangzhou, Guangdong province, China. Picture taken September 26, 2021 with a drone. REUTERS/Thomas Suen HONG KONG, Sept 28 (Reuters) – Beijing is prodding government-owned firms and......

PBOC promises to protect consumers as China Evergrande teeters

Reuters
The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song Housing consumers rights to be safeguarded – PBOC Evergrande shares up, bonds remain at distressed prices EV unit slides after cash warning Wednesday payment deadline looms BEIJING/HONG KONG,......

China steps up funding oversight of Evergrande property projects -Caixin

Reuters
An Evergrande sign is seen at the Evergrande Automotive R&D Institute Headquarters of China Evergrande Group in Shanghai, China September 24, 2021. REUTERS/Aly Song/Files BEIJING, Sept 26 (Reuters) – Several local governments in China have set up special custodian accounts for property projects of its most indebted developer, Evergrande (3333.HK),......

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