Two major Chinese property firms have defaulted on $1.6 billion worth of bonds to overseas creditors, Fitch rating agency said Thursday, as contagion spreads within the country's debt-ridden real estate sector.

Evergrande defaulted on over $1.2 billion worth bond debt: Fitch

China Evergrande Group has set up a risk management committee as the cash-strapped property developer inches closer to a debt restructuring that has loomed for months over global markets. The group shares were up by 7% in early trading.

China's Evergrande shares up over 7%, inching towards debt restructuring

Shares of China Evergrande Group tumbled 12% to an 11-year low on Monday after the firm said there was no guarantee it would have enough funds to meet debt repayments, prompting Chinese authorities to summon its chairman.

Embattled Chinese firm, Evergrande, braces for debt deadline

Shares of China's Evergrande group are sliding 11% down after the world's most indebted developers said that there was no guarantee that it could have enough funds to meet debt repayments.

'No guarantee on repayments,' says Evergrande world's most indebted developer

Chinese govt has summoned the founder of Evergrande after the company issued a statement saying the company might not have sufficient funds to continue with its duties.

Chinese govt summons founder of firm Evergrande

Shares of China's debt-laden real estate firm Evergrande fell once again by 4.8 per cent after its chairman cut his stake. Evergrande is China's biggest real estate firm and has USD 300 billion in liabilities.

Chinese real estate firm Evergrande's shares dive after Chairman Hui Ka Yan cuts stake

Cash-strapped developer China Evergrande group is selling its entire stake in film and television streaming company Hengten network holdings for $273.5 million. The world's most indebted developer would realise a loss of one billion dollar from the sale of its stake in Hengten, in which Chinese gaming and social media giant Tencent holdings holds around a 20 percent share.

Cash-strapped developer China Evergrande group sells its entire stake in Hengten

China's debt-laden real estate firm Evergrande has announced that it was raising USD 273 million by selling all stake in film production and streaming company HengTen Networks.

Evergrande sells stake in HengTen, the Netflix of China

China's Evergrande Group scrambles to meet debt obligations and liabilities within the deadlines already missed in the past. Evergrande groups founder is freeing up assets from luxury arts, high-end homes, and more.

China's Evergrande Group scrambles to meet debt obligations

China is slowly dismantling Evergrande through a "controlled implosion". Reports say Beijing will let some parts of the business fail. But looking out for foreign investors isn't a priority. Palki Sharma tells you how foreign investors are now exiting China & turning to India.

Gravitas: Beijing wants to take Evergrande apart, foreign investors are losing cash

Embattled Chinese real estate firm Evergrande has once again met a deadline to pay overdue interest on three US-dollar bonds before their grace periods ended. This means that the Chinese developer has averted another potential default.

Embattled Chinese firm, Evergrande, meets deadline again; avoids default

Kaisa Group Holdings Ltd, a Chinese property developer said on Thursday that its finance unit had missed a payment on a wealth management product (WMP). This has added to worries about cash crunch at the debt-strapped company.

Chinese property developer Kaisa misses payment, worrying investors

Embattled Chinese real estate firm Evergrande has narrowly averted catastrophic default by making an interest payment for an offshore bond, Reuters reported quoting sources.

Evergrande makes crucial interest payment: Report

China's Evergrande group has made payments for an offshore bond coupon ahead of expiry a grace period today.

China's Evergrande group makes payments for an offshore bond coupon

The crisis at Evergrande rattled the global markets and triggered a series of defaults within China's real estate sector. But, the hidden debt of local governments poses a much bigger threat to the Chinese economy. Palki Sharma tells you more about China's $8 trillion debt time bomb.

Gravitas: A $8 trillion debt time bomb that China hid

Modern Land reported a missed payment on Tuesday, the latest Chinese property developer to do so, adding to worries about spiralling effects of the debt crisis at behemoth China Evergrande Group and dragging on shares in the sector.

Modern Land: Another Chinese property developer defaults, shares drop

As concerns continue to loom over China Evergrande group, the spillover effect of Chinese real estate companies' debt default risks to the financial industry is generally controllable, state media said. The comment was published in a Xinhua question and answer piece on the chinese economy, for which the news agency said it had interviewed "relevant departments" and "authoritative people".

Concerns continue to loom over Chinese Evergrande group

China's Evergrande on Sunday said that it had resumed work on more than 10 projects in six cities including Shenzhen. The statement comes after it appeared to avert default with a last-minute bond coupon payment last week.

Evergrande resumes work on more than 10 property projects

Stock markets across globe got a boost after the news of troubled Chinese real-estate firm Evergrande making a surprise offshore interest payment a day before the weekend deadline.

Surprise interest payment from Evergrande boosts global markets

Evergrande's last minute effort to avert default, the group has supplied funds to pay interest on a dollar bond, this has happened a day before the deadline.

China's Evergrande makes payment before deadline

Chinese property giant Evergrande's shares plunged Thursday after resuming trading in Hong Kong, with the failure of a unit sale deal deepening fears the indebted firm will collapse and send shockwaves through the world's second-largest economy.

Evergrande shares plunge amid fears over deepening crisis

China's massive debt bubble looks all set to pop. How will a financial meltdown in China affect the world? How will it impact your shopping cart? Palki Sharma tells you why a Chinese slowdown concerns all of us.

Gravitas: What would a Chinese recession look like?

As the crisis at Evergrande continues, 3 more real estate developers have defaulted on their debt obligations in China. But, that is just the tip of the iceberg. Local governments in China could be hiding a $4 trillion "debt bomb". Palki Sharma tells you more.

Gravitas: China's hidden $4 trillion debt bomb

165 countries owe at least $385 billion to China. But, the world barely knows about these loans. This "hidden debt" could trigger an economic crisis. Palki Sharma tells you how.

Gravitas: 165 countries owe at least $385 billion to China

evergrande

Evergrande, News on Evergrande, stories on Evergrande, articles on Evergrande, Evergrande stories at Wion, Evergrande news, Evergrande latest news