Luxury Hong Kong tower The Corniche is not doing so well, and developers are feeling the pressure
A huge project started about six years ago, The Corniche is supposed to be this luxury apartment situation in Hong Kong.
Evergrande
China Evergrande's EV unit gets the green light for restructuring
Evergrande Auto just got the go-ahead from its shareholders to sell two of its subsidiaries.
Evergrande’s founder denied invite to key political meeting
The property market in China isn’t doing too well at the moment, with the market being pretty overdeveloped. The company at the forefront of these issues is Evergrande. Once a real estate giant that built its company on debt, Evergrande is now swimming in about US$300 billion in
Everything you need to know about Evergrande’s first default
For Evergrande, the company reportedly owes billions of dollars to around 171 domestic banks and 121 other financial firms across the world. And on Monday, the developer defaulted on overdue interest on two dollar bonds.
What’s been happening with Evergrande?
* It’s been all over the news, but China’
What’s new with Evergrande as it continues teetering on the edge of default?
Not only did Evergrande offer these high returns, but apparently, they also offered Gucci bags and Dyson products to individual investors who invested in over three million yuan worth of WMPs during a Christmas promotion last year.
* Since China Huarong Asset Management Co., Ltd., or just Huarong, was bailed out
Who is the founder of Evergrande, Xu Jiayin?
By 2017, Evergrande was considered the largest real estate developer in the world, and Xu’s net worth was estimated to be at US$45.3 billion.
* It has been nearly one month since Xu Jiayin (許家印), or Hui Ka Yan in Cantonese, stepped down as chairman of his company,
Your questions on Evergrande Group, answered
Evergrande Real Estate Group is a big part of that and, at one point, the company was the largest property developer in China.
Who’s Evergrande?
* The real estate industry is one of China’s largest industries as it accounts for as much as 29% of China’s entire gross