Hui Ka Yan speaks during a news conference on the sidelines of the fourth session of the 12th National People’s Congress in 2016 in Beijing. Etienne Oliveau/Getty Images Hui Ka Yan has made repe...
Tag: Evergrande
China Evergrande nears its make-or-break moment
China Evergrande (OTCMKTS:EGRNF) could be forced to wind down its operations this month, in one of the biggest corporate failures in modern times. The company, which was once the biggest real estate d...
Evergrande’s Billionaire Founder Begins New Year With Another Pledge To Pay Down Debt
Evergrande founder Hui Ka Yan has started the new year with a new pledge. South China Morning Post via Getty Images Hui Ka Yan, the embattled founder of real estate developer China Evergrande Group, s...
Chinese Real Estate Tycoons Gain Almost $4 Billion After Beijing Surprises Market With Sweeping Support
Wu Yajun (left), cofounder-chair of Longfor Group Holdings, and Yang Huiyan, co-chair of Country Garden. Courtesy of Longfor; courtesy of Yang Huiyan Two of China’s richest female real estate tycoons—...
Beleaguered Billionaire Hui Ka Yan Struggles To Hold Onto His Crumbling Empire
Hui Ka Yan, a member of the CPPCC National Committee and chairman of Evergrande Group, attends a press conference at the fifth session of the 12th CPPCC National Committee on March 9, 2017 in Beijing,...
China’s Evergrande crisis worsens as lender seizes HQ in Hong Kong
A lender has taken possession of Evergrande’s Hong Kong headquarters after the cash-strapped Chinese property developer defaulted on a loan and made two unsuccessful attempts to sell the building. Ea...
China on Alert for Evergrande Restructuring Plan After Shakeup
(Bloomberg) — The clock is ticking for the world’s most indebted developer, whose liquidity woes sparked a broader debt crisis in China’s property industry that’s gone on to engulf more home bui...
Bitcoin Miner Marathon Strikes Power Deal; Electric Carmaker Faraday Deflates As Short Squeeze Ends
Marathon Digital uses powerful computers like these to mine for bitcoin in datacenters and supercharged its operations with an agreement this week. Getty The U.S. stock market is heating up with the d...
Hong Kong Short Sellers Press Their Bets, Week In Review
China Last Night KraneShares Week in Review It has been a difficult week for markets globally as the US and Asia saw sharp equity declines on recession fears in the US and a higher-than-expected infla...
Billionaire Hui Ka Yan’s Evergrande Faces First Winding-Up Lawsuit In Restructuring Process
Hui Ka Yan, chairman of China Evergrande Group.(Photo by Paul Yeung/Bloomberg) © 2019 Bloomberg Finance LP Billionaire Hui Ka Yan’s embattled China Evergrande Group has been hit with its first known w...
The World’s Largest Real Estate Companies In 2022
One Manhattan West near Hudson Yards in New York is one of Brookfield Asset Management’s crown jewels. Getty Images Rising inflation across the globe had investors searching for safety in real a...
Home Sales Tumble, New York Property Seized: Evergrande Update
(Bloomberg) — New-home sales in 23 major Chinese cities plunged 33% by area during a five-day national holiday compared with a year earlier, despite policy makers’ pledges of support for the pro...
Chinese Home Sales Plunge 29% as Covid Bites: Evergrande Update
(Bloomberg) — China’s new-home sales tumbled by 29% last month, the most since July, as the latest Covid-19 outbreak threatened to prolong a property slump. Most Read from Bloomberg A Bloomberg ...
Bank RRR Cut Anticipation Lifts Markets
China Last Night KraneShares Key News Asian equities had a mixed night, as China, Hong Kong, and Japan outperformed. At the same time, India, the Philippines, and Thailand got an early start to the lo...
Hong Kong Internet Stocks Cheer Proposed CSRC Rule Change
China Last Night KraneShares Key News Saturday night the China Securities Regulatory Commission (CSRC), China’s SEC, issued a “Notice on Public Solicitation of Comments on the “Provisions on Strengthe...
Trip.com Beats Expectations Following Tencent’s Tumble
China Last Night KraneShares Key News Asian equities were mixed overnight after a choppy US equity session yesterday in advance of NATO talks on Ukraine. The US reinstated tariff exemptions on 352 Chi...
Evergrande Investors Left Baffled by $2.1 Billion in Seized Cash
(Bloomberg) — Investors in China Evergrande Group are still in the dark over just how $2.1 billion of deposits at its property-services unit came to be used as security for pledge guarantees and...
China’s Embattled Evergrande Says It Can’t Publish Annual Report On Time
A view of evergrande Center office building in Shanghai, China.(Photo credit should read Wang Gang / … [+] Costfoto/Future Publishing via Getty Images) Future Publishing via Getty Images China E...
Pinduoduo Harvests Profits In Agriculture Push
China Last Night KraneShares Key News Asian equities were mixed overnight as equity markets in China, Taiwan, and Singapore gained while Hong Kong, India, and South Korea were off and Japan was closed...
Evergrande Stock is Suspended in Hong Kong, PBOC May Act
Evergrande Group was suspended in Hong Kong on Monday. Additionally, Evergrande onshore bonds were suspended as well as Evergrande Property Services Group Ltd and Evergrande New Energy Vehicle Group L...
Trading Suspended; Ronshine Auditor Resigns: Evergrande Update
(Bloomberg) — China Evergrande Group and its other units were suspended in Hong Kong Monday pending an announcement containing “inside information,” according to exchange filings that didn’t ela...
China Evergrande and Its Units Suspend Trading in Hong Kong
(Bloomberg) — Embattled Chinese real estate developer China Evergrande Group along with its other units suspended trading in Hong Kong Monday morning, according to exchange filings. Most Read fr...
A Quiet End To A Wild Week, Week In Review
Week in Review This week saw heightened volatility in the internet sector as the Hang Seng TECH Index was down over -11% on Monday as Asian investors appeared to be taking the Holding Foreign Companie...
Evergrande Aims To Announce Restructuring Plan Within Six Months
The sale office in front of unfinished apartment buildings at the construction site of a China … [+] Evergrande Group development in Beijing, China, on Thursday, Jan. 6, 2022. (Photo by Andrea V...
China’s Top Property Tycoons See Fortunes Drop $30 Billion With Even More Losses Expected
Hui Ka Yan, Yang Huiyan and Sun Hongbin have all seen their fortunes tumble this year. Bloomberg The days of property moguls dominating China’s wealth rankings appear to be at an end. Beijing’s campai...
Hong Kong Stocks Become An Oasis Of Green In A Sea Of Red, Week In Review
China Last Night KraneShares Week In Review China reported Monday that the country’s GDP grew at a better than expected +8% in 2021, though Q4 GDP disappointed at only +4%. Monetary policy easing was ...
World’s Worst-Performing Bank Lent Billions to China Evergrande
(Bloomberg) — It was once hailed as the future of Chinese banking, a privately run lender that would mint money by outmaneuvering its state-owned rivals. Most Read from Bloomberg An ill-fated pu...
TGHKSWGF! Thank Goodness HK Stocks Were Green Friday! Week In Review
China Last Night KraneShares Week In Review Nearly 3 million electric vehicles were sold in China in 2021, according to full year sales data reported Monday. Tencent sold its $3 billion stake in South...
China Evergrande Wants To Delay Early Redemption Of $700 Million Onshore Bonds
Aerial view of buildings on Ocean Flower Island, or Haihua Island, an artificial archipelago built … [+] by the Evergrande Group, on November 29, 2021 in Danzhou, Hainan Province of China. Zhu B...
Tencent Sets Sail To Some Sea Shares
China Last Night KraneShares Key News Asia equities were largely higher as Japan, Australia, Taiwan, and India outperformed. The Hang Seng bounced around the room, managing a +0.06% gain as volume inc...