EGRNY News and Press, China Evergrande Group ADR From 09/24/21

Credit Suisse (NYSE:CS), at one time the biggest international underwriter of China Evergrande (OTCPK:EGRNF) (OTCPK:EGRNY) bonds, sold off all its exposure to China's second-largest property developer late last year, the Financial Times reports, citing people familiar with the decision. Durin...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Last week, we learned that Chinese real estate giant/corporate conglomerate Evergrande  (OTCMKTS: EGRNY ) is severely lacking in liquidity and couldn’t make payments on its debts. Source: Shut...

Analysts and economists have been warning about a bubble in Chinese residential real estate for at least a decade now. Evergrande’s problems were caused by their giant liabilities, and a recent shift in Chinese Communist Party economic doctrine and policy. The Party is face...

Policymakers in Beijing are in a tough position on what to do about Evergrande. The first and most obvious risk is that of credit-market contagion. Chinese debt has risen sharply for more than three decades, but until the mid-2000s, it attracted little attention. For further...

Financial assets crashed worldwide on Monday as the second-largest property developer Evergrande collapsed. China has been in a property bubble for years, with home price-to-income ratios over 30X and the development of numerous vacant cities around the country. The PBOC already h...

Famed short-seller Jim Chanos said Monday that the debt crisis facing China-based property giant Evergrande (OTCPK:EGRNF)(OTCPK:EGRNY) highlights the "fragility" of the Chinese economic model, which he argues is "off-the-charts" reliant on real estate. In an interview with CNBC, Chanos, found...

Mohamed El-Erian, former PIMCO CEO and chief economic adviser at Allianz, said Monday that worries about a default at China-based property company Evergrande (OTCPK:EGRNF) (OTCPK:EGRNY) haven't reached a "Lehman moment," referring to the collapse of Wall Street bank Lehman Brothers during the...

The major U.S. equity averages saw significant weakness in Monday's pre-market trading, led lower by a drop in Chinese stocks. JD.com, Inc. (NASDAQ:JD), Alibaba (NYSE:BABA) and Baidu (NASDAQ:BIDU) were among the high-profile names losing ground. Other stocks fell on company-specific headlines...

This week was a Triple Witch Week in the markets. Triple Witches are the four days in the calendar year that feature the expiration of four different option indices. While the volume was and still is quite large on Triple Witches, the volatility is usually pretty subdued. The thing to...

The possibility of China property company Evergrande collapsing and overall worries about China's crackdown on indebted firms is taking its toll on Hong Kong shares. The Hang Seng Index (HSI) is down more than 3% with China and Japan closed for a holiday. The benchmark index hit an ...