Caproasia.com | The leading source of data, research, information & resource for financial professionals, institutional investors, professional investors and private investors (UHNWs, & HNWs). Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.





China Government Warns of Payment Default by China Evergrande, Debts of $300 Billion

17th September 2021 | Hong Kong

The China Government Ministry of Housing and Urban-Rural Development has warned of loan, bonds and interest payment default by China Evergrande, which may be due on 20th September 2021 (Monday).  China Evergrande is one of the largest property conglomerate in China with more than 1,300 real estate projects & 200,000 employees and business interests in electric cars, healthcare, consumer products etc, and has more than $300 billion of outstanding debts.  China Evergrande is suffering from severe cashflow and little working capital, due to significant decline in property sales and obligations on interest payments.  Should China Evergrande defaults, the banking industry may start to face a loan write-down or lengthy recovery on their loans to China Evergrande, suppliers will receive an uncertain recovery, and homebuyers and investors will face uncertainties on their property purchase and investments. 

“ China Government Warns of Interest Payment Default by China Evergrande, Debts of $300 Billion “

 


China Evergrande Founded by Hui Ka Yan

China Evergrande Electric Car
China Evergrande Electric Car

China Evergrande is founded in 1996 by Hui Ka Yan (Xu Jiayin).  In 2009, China Evergrande went public in Hong Kong.  At one point, Hui Ka Yan had a personal fortune of more than $30 billion.  In 2021, his personal fortune is estimated at around $7 billion to $11 billion.

China Evergrande is one of the largest property conglomerate in China with more than 1,300 real estate projects & 200,000 employees and business interests in electric cars, healthcare, consumer products etc.

 

Related:



Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs

Join 14,000+ leading financial professionals and professional investors in Asia. Stay ahead of your peers & competition.
For press release, email to press@caproasia.com
For editorial, media kit, listing on TFC, events, seminars or research & data services, email to mail@caproasia.com


Previous articleWorld Economic Forum 2022 in Davos Switzerland on 17th to 21st January 2022
Next articleUnited States SEC Awards $110 Million to Whistleblower
Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia