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The founder of Evergrande just lost 2 Hong Kong mansions collectively valued at $200 million to a creditor

Wed, 11/22/2023 - 04:58

Tech Insider : Economy

Evergrande founder and chairman Hui Ka Yan — Evergrande founder and chairman, Hui Ka Yan.
Nora Tam/South China Morning Post/Getty Images

Real Estate, economy, News, China, real-estate, Property, Crisis

The founder of Chinese property developer Evergrande — who was once Asia's second-richest person — is no longer a billionaire

Tue, 10/24/2023 - 23:41

Hui Ka Yan — China Evergrande founder Hui Ka Yan.
Bobby Yip/Reuters

Real Estate, Markets, News, China, real-estate, Property, debt-crisis

China's battered economy finally gets some relief as third-quarter growth numbers beat expectations

Wed, 10/18/2023 - 07:15

Tech Insider : Economy, Economy

Beijing, China. — Beijing, China.
Martin Puddy/Getty Images

economy, economy, China, china-economy, china-economy-and-markets, GDP, Inflation

Evergrande shares jumped 42% within 15 minutes of resuming trade amid investigation woes

Mon, 10/02/2023 - 23:29

Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 28, 2023. On August 28, 2023. — An aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, on Aug 28, 2023.
Costfoto/NurPhoto/Getty Images

Markets, News, mi-exclusive, Markets, China, Evergrande, property-crisis

Trading in China Evergrande shares suspended again just a month after they returned from a 17-month hiatus

Thu, 09/28/2023 - 00:15

Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 28, 2023. On August 28, 2023. — Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 28, 2023. On August 28, 2023.
Costfoto/NurPhoto/Getty Images

Markets, News, Markets, mi-exclusive, China, real-estate, Property

Evergrande's billionaire founder is under police control, report says, as Beijing's crackdown on the property giant intensifies

Wed, 09/27/2023 - 11:28

Evergrande — Evergrande's billionaire founder has been placed under police surveillance, Bloomberg reported.
Noel Celis/AFP/Getty Images

Markets, mi-exclusive, Markets, Stocks, Evergrande, China, china-property-market

China's 1.4 billion population can't fill the country's millions of empty homes. Here's 3 things that would.

Mon, 09/25/2023 - 05:05

Aerial photo taken on September 15, 2023 shows a commercial residential property under construction in Qingzhou City in August. — Aerial photo taken on September 15, 2023 shows a commercial residential property under construction in Qingzhou City in August.
NurPhotoCostfoto/NurPhoto via Getty Images

Real Estate, China, housing-crisis, Evergrande

China Evergrande soars 70% to lead Chinese property names higher after another developer dodges default

Wed, 09/06/2023 - 10:20

Evergrande China construction — Evergrande is China's second-biggest property developer.
Noel Celis/Getty Images

Markets, mi-exclusive, Markets, China, china-economy, china-evergrande, Evergrande

China may now never take the US's crown as the world's largest economy

Tue, 09/05/2023 - 05:15

Tech Insider : Economy, Economy

China wealth economy — China's economy now may never surpass the US as the world's largest, according to a survey by Bloomberg Economics.
JOHANNES EISELE/AFP/Getty Images

economy, economy, China, china-economy, china-real-estate-market, Evergrande, country-garden

Foreign investors are dumping Chinese stocks at a record level as fear of economic turmoil persists

Thu, 08/31/2023 - 11:50

Tech Insider : Economy

xi jinping — Xi Jinping
Damir Sagolj/Reuters

Markets, mi-exclusive, China, foreign-investment, property-market, Evergrande, emerging-markets

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