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2020-10-05

Is China’s biggest property developer truly too big to fail?

Regulators want Evergrande to save itself by raising cash and cutting its debts


https://www.economist.com/finance-and-economics/2020/10/03/is-chinas-biggest-property-developer-truly-too-big-to-fail




Hui’s China Evergrande Group sealed a deal last week with a group of investors that waived their right to force a $13 billion repayment by the property firm, avoiding a potential default that would have sent shock waves across financial markets in China and beyond.


https://www.bloomberg.com/news/articles/2020-10-03/how-evergrande-s-billionaire-founder-skirted-his-latest-crisis



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