China's Evergrande Group, already grappling with an unprecedented debt crisis, has plunged further into uncertainty as trading in its shares was suspended amid reports that the company's chairman, Hui Ka Yan, had been placed under police surveillance.

Evergrande crisis deepens: Chairman under surveillance

The chairman of China's Evergrande group has been placed under police surveillance.

China's Evergrande on verge of liquidation

Authorities in China have reportedly detained employees of troubled real estate giant Evergrande Group, as the company faces a massive debt crisis. The Shenzhen police disclosed Saturday (Sept 16) that several staffers employed by Evergrande’s financial arm have been arrested.

China detains Evergrande employees amid property crisis

Evergrande Group, the world's most-indebted property developer, has revealed a narrower net loss for the first half of this year. The company's financial struggles have been at the heart of a crisis that has sent shockwaves through China's property market since late 2021.

China’s Evergrande reports narrower loss

Evergrande Group, the world's most indebted real estate developer, has announced a considerable reduction in net losses for the first half of the year, attributing it to an increase in income due to "the short boom of the property market" earlier this year.

China Evergrande's first-half net loss shrinks to $4.5 billion

Has China's growth story hit a roadblock? The GDP growth rate has slowed down. The national debt is nearing the IMF red line & now property giant Evergrande has filed for bankruptcy protection. Molly Gambhir reports.

Gravitas: Has China's growth story hit a roadblock? | Evergrande files for bankruptcy protection

Chinese real estate behemoth, evergrande, has filed for protection from creditors in a US Bankruptcy court. Evergrande, which is the world's most indebted property developer, has become the poster child for China's ongoing property crisis. The company has filed for protection under Chapter 15 of the bankruptcy code. This chapter shields non-US Companies that are undergoing restructurings from creditors.

World's most indebted realty firm goes bust

China's Evergrande Group officially filed for bankruptcy in New York on Thursday. The company which was once China's second-largest property developer in terms of sales has been facing substantial borrowing and debt defaults since 2021.

China's Evergrande files for bankruptcy in New York amidst ongoing crisis

Evergrande, the property giant in China, on Monday (July 17) reported that it suffered a loss of USD 96 billion in the year 2021. It also reported USD 135 in liabilities.

Evergrande, China's troubled property giant, reports $96 billion loss

One of the biggest sectors that are facing troubles in China is property sector and here Evergrande has been one of the most indebted property giants.

WION Business News | China's Evergrande loses $770 million in Hong Kong deal

According to land registry records, lender China Construction Bank (Asia) has seized the property of the chairman of the troubled China Evergrande Group's property in Hong Kong's exclusive 'The Peak' neighbourhood.

China: Evergrande chairman Hui Ka Yan's Hong Kong mansion seized by CCB over dues

China's real estate sector has been undergoing a harrowing crisis. The fall of real estate major Evergrande was the tipping point, with other big and small property developers falling like dominos afterwards.

Chinese homeowners forced to live in unfinished, dilapidated apartments as real estate crisis deepens

Struggling developer China Evergrande Group said that one of its subsidiaries, Evergrande Group (Nanchang) Co, Ltd, had been ordered to pay a guarantor 7.3 billion yuan ($1.08 billion) for failing to honour its debt obligations.

Chinese developer Evergrande's unit ordered to pay out $1.1 billion

Amid burgeoning Covid cases in the country and a sweltering heat wave that has brought major cities to a halt, China's economic growth has hit a new two-year low.

China's economic growth drops to 0.4 per cent amid draconian lockdown measures and severe heatwave

China's economic growth drops to 0.4 per cent amid draconian lockdown measures and severe heatwave results

China's Evergrande Crisis continues. The share trading was suspended yesterday as units are unable to publish results by March 31.

China's Evergrande Crisis: Share trading was suspended yesterday

China's property sector crisis has deepened. After reports came that another property giant Shimao had to put all of its projects up for sale and Evergrande attempted another high-profile default.

China: Property giant Shimao had to put all of its projects up for sale

Wang Bin, who is the chairman of China's biggest insurer is being probed by Communist Party's anti-corruption commission. The China Central Commission for Discipline Inspection said in a statement, “Wang suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and investigation.

Chairman of China's biggest insurer being probed by Communist Party's anti-corruption commission

This year, Xi Jinping will claim a record 3rd term. But one crisis could ruin President Xi's big moment. The Evergrande debt crisis. Today, shares of the company were suspended from trading. Palki Sharma tells you how China's property market is struggling.

Gravitas: Will this crisis ruin 2022 for Xi Jinping?

China's second-largest property developer by sales, Evergrande, slides into more financial trouble as it racks over $300 Billion worth of debt. Fitch, a major credit rating agency declares the firm a defaulter.

China's Evergrande crisis: Shares shed 89% last year

Embattled Chinese firm Evergrande recently announced that it has been suspended from trading its shares in Hong Kong. In a statement, the firm said, "At the request of the Company, trading in the shares of the Company was halted at 9:00 am on 3 January 2022 pending the release by the Company of an announcement containing inside information.

Embattled Chinese firm, Evergrande, suspends share trading again

China Evergrande Group has said that it had made initial progress in resuming construction work with its chairman vowing to deliver 39,000 units of properties in December, compared with fewer than 10,000 in each of the previous three months.

China's Evergrande reports progress in work on construction projects

China's real estate firm Evergrande racks up debt of over $300 Billion

For weeks, global markets have been watching the struggles of China Evergrande, a teetering real estate giant weighed down by $300 billion or more in obligations that just barely seemed able to make its required payments to global investors.

China's Evergrande defaults on its debt. Now what?

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