A Hong Kong court has ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and …
Evergrande, the poster child for China’s property debt crisis, is ordered to liquidate by a Hong Kong court: ‘Enough is enough’
Signage for China Evergrande Group’s Evergrande Plaza in Hefei, China. China Evergrande Group helped trigger China’s real estate crisis just over two years ago. The developer, with more than $300 …
Embattled China Evergrande back in court for liquidation hearing
China Evergrande Group goes back to a Hong Kong court on Monday in a high-profile case to decide whether to liquidate the Chinese property developer that has been at the centre of a spiralling debt …
Hong Kong is facing a repeat of 1998 Asia financial crisis
A year ago, Hong Kong’s finance industry was hoping that a China reopening would unleash pent-up consumer demand and bring deals and prosperity to the city. There is no such illusion left. As the Hang …
Egypt to issue bonds on Hong Kong Stock Exchange: Finance minister
Egypt is poised to issue bonds denominated in the local currency (Hong Kong dollar) on the Hong Kong Stock Exchange, Minister of Finance Mohamed Maait said on Saturday. In addition to the bond …
Evergrande back in court, Marcos in Vietnam, Myanmar takeover anniversary
Welcome to Your Week in Asia. A Hong Kong court will consider a winding-up petition for troubled Chinese property developer Evergrande Group on Monday, while Philippine President Ferdinand Marcos Jr.
China Evergrande: What if the property giant is liquidated?
One of China’s largest real estate developers faces a winding-up petition in a Hong Kong court on Monday. A liquidation of the firm could have far reaching consequences for the world’s second-largest …
Asia-Pacific companies integrate ESG metrics into executive incentive plans amid demands to promote sustainable business practices
Australia, Japan and Singapore companies lead the region in incorporating ESG metrics in their incentive plans Hong Kong and Chinese companies trail their Asia-Pacific peers in tying pay to ESG …
Hong Kong ETFs: What They Are and How They Work
Hong Kong ETFs expose investors to Hong Kong’s financial markets and can be a way to diversify portfolios geographically.
China property: Evergrande’s Hengda unit to sell stake in Shantou project for US$19.4 million as Hong Kong court hearing nears
A unit of China Evergrande Group, the most indebted property developer in mainland China, has agreed to sell its stake in a project in Shantou, southern Guangdong province, continuing to pare down …