EGRNF News and Press, China Evergrande Group From 12/06/21

Japan's Financial Services Agency plans to propose legislation in 2022 to restrict issuance of stablecoins to banks and wire transfer companies, Nikkei reports. The liquidity crunch that China Evergrande (OTCPK:EGRNF) (OTCPK:EGRNY) is facing is also throwing some attention onto stablecoins' s...

Shares of China Evergrande (OTCPK:EGRNF) ended Monday's session in Hong Kong down 20% to an all-time low of HK$1.81 after the heavily-indebted property developer pushed closer to default. The company already made three 11th-hour coupon payments in the past two months, but faces the ...

The government of China's Guangdong province will send advisers to meet with China Evergrande (OTCPK:EGRNF -8.3%)(OTCPK:EGRNY -3.3%) Chairman Hui Ka Yan after the debt-laden real estate developer said it plans to work with creditors on a restructuring plan for its offshore debt, Bloomberg rep...

My portfolio, built specifically for my retirement ~20+ years from now, rides the November volatility in the market as this year's Santa run begins amidst COVID fears. Rivian finally IPOs as I add shares of this EV monster to hopefully follow in the footsteps of Tesla as America's aut...

While China Evergrande (OTCPK:EGRNF -7.9%) (OTCPK:EGRNY -5.1%) struggled to make coupon payments on its international bonds, Ashmore Group (OTCPK:AJMPF) bought almost $100M more of bonds issued by the Chinese property developer or its subsidiaries, Bloomberg reports, citing data it compiled. ...

In the wake of China Evergrande's (OTCPK:EGRNF) (OTCPK:EGRNY) liquidity crisis and broader distress felt by property developers in China, pricing in the Asia high-yield market has "detached from other credit markets to a degree rarely seen," Guggenheim Global Chief Investment Officer Scott Mi...

For the first time since China Evergrande (OTCPK:EGRNF -5.2%) (OTCPK:EGRNY -3.6%) went public in 2009, Chairman Hui Ka Yan reduces his stake in the company, a sign that he's selling, Bloomberg reports, citing a filing to the Hong Kong Stock Exchange. Hui sold 1.2B Evergrande (OTCPK:EGRNF) on ...

Hong Kong's benchmark provider Hang Seng will remove struggling China-based real estate developer China Evergrande (OTCPK:EGRNF) (OTCPK:EGRNY) from its 50-stock China Enterprises Index, CNBC reports. In turn, Hang Seng will add Chinese Tech giants JD.com (NASDAQ:JD) and NetEase (NASDAQ:NTES) ...

Alibaba Group Holding Limited disappointed with Q2 results. The stock dropped hard and now appears cheap on most metrics. While we recognize the regulatory and political risks, Alibaba is actually being impacted by something far worse. For further details see: Alibaba: I...

The deficit spending that supported the economy in 2020 is showing up in hot inflation numbers in 2021. While I think the inflation numbers will get better in 2022, I do not believe they will get back to pre-pandemic levels because of owners’ equivalent rents and wage gains in ...