EGRNF News and Press, China Evergrande Group From 09/17/21

Stocks are due for another losing week, their second straight, as concerns about China and supply chain issues weigh on investor sentiment. At the time of this writing (3pm EDT on Friday) the Nasdaq (COMP.IND) is down about 0.7% for the week, with the S&P 500 (SPY) off about 0.7%, and Dow...

The financials of the Chinese companies are whatever the Chinese Communist Party wants them to be. They do not allow outside third-party audits. There is no verification of anything. The Chinese intervention began with DiDi, spread to the tech companies, enlarged to the educational se...

A “big” correction in the present low-volatility context is probably somewhere around 10%, or what we saw in the S&P 500 in September and October last year. As things stand now, barring mutations, wars or counterproductive Fed actions, a likely target for a big corre...

China Evergrande Group (OTCPK:EGRNF) stock falls 2.1% as homebuyers, retail investors and some of its own employees stage protests, demanding repayments on overdue wealth management products, Bloomberg reports. On late Monday, police were sent to the company's Shenzhen headquarters ...

This is not specifically about China Evergrande Group - rather, it is about what that company tells us about the wider market. The government knows that it has the mother of all property development bubbles on its hands - it's trying to deflate it. Deflating, rather than exploding...

Lubo Ivanko/iStock Editorial via Getty ImagesSome lenders, becoming wary of China Evergrande Group's (EGRNF) debt load, are putting brakes on new lending tied to the real estate developer's unfinished residential properties in Hong Kong.HSBC Holdings ([[HSBC]] +2.2%), Bank of China's (BACHF) ...

Shares of Chinese electric-vehicle maker XPeng (NYSE: XPEV) were trading lower on Wednesday after China's state planner told local governments to investigate a series of new-energy-vehicle-related construction projects linked to two major property developers. As of 1 p.m. EST, X...

The wild ride for electric vehicle stocks could be calming down as investors finally pull back on the multi-month buying spree tied to the U.S. election, strong sales reports out of China and a general FOMO (fear of missing out) wave. Electrameccanica Vehicles (SOLO) is down 5.95% in premarke...

Xpeng (XPEV) -5.73%, Li Auto (LI) -5.25%, Nio (NIO) -3..61% and Kandi Technolgies (KNDI) -2.9% are lower in early trading on news of a government investigation into the sector.The National Development and Reform Commission ((NDRC)) asked local officials...

China Evergrande Group (EGRNF) rose 20.61% in Hong Kong trading today after the company reported that its debt-cutting measures were working and the Hong Kong exchange approved its spinoff plan. The company says total indebtedness fell by 53.4B yuan ($7.8B) over the six months ended Sept...