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China's indebted real estate giant Evergrande suspends shares in Hong Kong

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Baocheng Liu, director of the Centre for International Business Ethics at the University of International Business and Economics in Beijing, told Euronews that if Evergrande were to collapse, the "ripple effects are going to be huge".

Added on the 03/01/2022 17:26:12 - Copyright : Euronews EN

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  • Evergrande suspends securities trading on Hong Kong Stock Exchange

    Shenzhen/Beijing, Oct 4 (EFE/EPA).- The indebted Chinese real estate giant Evergrande said Monday it had suspended trading of its securities listed on the Hong Kong Stock Exchange, without offering further details on the matter.The group reported this suspension, which also affects "all structured products related to the company," in a statement issued through the Hong Kong stock market, which returned to activity Monday after a three-day hiatus.The company climbed 15 percent on the stock market Wednesday after announcing the sale of a large part of its shares in a bank to a state company and after the debt rating agency Fitch lowered the rating of the group's long-term debt due to the uncertainty about its offshore bonds. (Camera: ARCHIVE). ARCHIVE FOOTAGE OF THE EVERGRANDE GROUP HEADQUARTERS BUILDING IN SHENZHEN, GUANGDONG PROVINCE; AND THE EVERGRANDE CITY PLAZA IN BEIJING, CHINA.

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    Hong Kong, Oct 4 (EFE/EPA).- The indebted Chinese real estate giant Evergrande said Monday it had suspended trading of its securities listed on the Hong Kong Stock Exchange, without offering further details on the matter.The group reported this suspension, which also affects "all structured products related to the company," in a statement issued through the Hong Kong stock market, which returned to activity Monday after a three-day hiatus.The company climbed 15 percent on the stock market Wednesday after announcing the sale of a large part of its shares in a bank to a state company and after the debt rating agency Fitch lowered the rating of the group's long-term debt due to the uncertainty about its offshore bonds. (Camera: JEROME FAVRE). SHOT LIST: PEDESTRIANS WALK PAST A STOCK TICKER OUTSIDE EXCHANGE SQUARE, THE BUILDING HOUSING THE HONG KONG STOCK EXCHANGE, IN HONG KONG.

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    Beijing (China), Sep 21 (EFE / EPA) .- (Camera: Wu Hong) Chinese real estate giant Evergrande, whose stock market crash in recent days has dragged stock markets around the planet, faces with uncertainty the interest payment of 84 million dollars (about 71.6 million euros) whose maturity is next Thursday.FOOTAGE OF GIANT CHINESE REAL ESTATE EVERGRANDE IN BEIJING, CHINA.

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    Shanghai (China), Sep 21 (EFE / EPA) .- (Camera: Alex Plavevski). The Chinese real estate giant Evergrande, whose stock market crash in recent days has dragged stock markets around the planet, faces with uncertainty the interest payment of 84 million dollars (about 71.6 million euros) whose maturity is next Thursday.FOOTAGE FROM THE OFFICES OF CHINESE REAL ESTATE GIANT EVERGRANDE IN SHANGHAI, CHINA.

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