Shares of China Evergrande and property services unit suspended: HKEX |World Business Watch |WION


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Shares of China Evergrande and property services unit suspended: HKEX |World Business Watch |WION



Trading in shares of debt-laden China Evergrande was suspended on Monday after it missed a key bond interest payment last week, its second offshore debt obligation in a week, with market watchers jittery as the group’s troubles unravel. Watch this report for more details.

#WorldBusinessWatch #BusinessNews #Evergrande

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32 Comments

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  1. More chinese companies falls, the more likely the global bubble will burst. Your kidding yourselves if you think assets are not connected to each other globally.

  2. Evergrande's debt is about 600 B CNY dollars, this is tiny money, when compared with China's overall economy.
    China just wants to make an example out of Evergrande.
    "Housings and properties are for living, not for speculating."
    Wion should hire some analysts to investigate news before forming an opinion.

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  4. This might sound crazy but people should start stocking up on things as the supply chain will be disrupted massively when China invades Taiwan.

  5. Everyone don't let this moment pass please make the best decision of your life right now by allowing God to come into your life by you praying to God everyday for his help in every decision of your life everyday and in every situation of your life everyday for I guarantee if you do this everyday then your life will get better, you will have more peace, you will be more successful, you will have more happiness, and all your dreams will come true that’s because when you pray to God then God will make all good things possible for you and you must not forget to read the “Holy Bible” everyday and a great place for you to start in the holy Bible is (Psalms 1) and everyday after that read a chapter in Psalms till you finish all the chapters in Psalms then after that start on (Proverbs 1) then everyday after that read a chapter in Proverbs till you finish all the chapters in Proverbs and after that read every chapter of the Holy Bible until you finish it for it will change your life in the most amazing way

  6. Pelosi’s $3.5T “infrastructure bill” is nothing but a safety net for Evergrande to protect her and other career politicians interests in China.

  7. %%#@$!~@!#@%%##$$$$$##
    American virus/American flu
    Coronavirus originated in the United States. Two virus leaks occurred at the U.S. Virus Laboratory in Fort Detrick, Maryland, U.S. in 2019.On October 18, 2019, the 7th Military World Games was held in Wuhan china. American soldiers brought the coronavirus to Wuhan. the United States virus infected the world.Americans are trying to hide the truth

  8. China Evergrande could not pay interest even if it sells $1.7billion worth of bank stock. Evergrande is unable to pay $ 83.5 million and $ 47.5 million in dollar bond interest scheduled for the 23rd and 29th of last month. And more bigger amount of interests are waiting the time comes to pay on this month. Evergrande Group's financial affiliates could pay only 10% of principal and interest to investment product holders at maturity, and could not pay the remaining 90% too. Shengjing Bank, which is under their umbrella, would be sold for US$1.7billion, but the funds were used to repay the money borrowed from Shengjing Bank itself and were not used for interest payments at all. Their bankruptcy announcement, may be a matter of time.

  9. I wonder what The Financial Analyst of the Powerfull of the Investment Bankers of The EU and America were doing that did not realize that the Sunami was coming ! Absolutely strange I can not believe it. We're they eating cowshit ? unbelievable !. My bet is most that most of them are sweating blood and tears. My guess is that CEO of such Investment bankers are Piss off for having such Dumbs!

  10. Western companies who invested can kiss good bye to their investments as Evergrande will need to appease the chinese buyers first to avoid social unrest. The CCP will make sure of this. Blackrock; HSBC Holdings, Ashmore Group, UBS Group, Royal Bank of Canada—will be last on the list for payment if at all as they will bail the Chinese first & foremost but not the USA companies—watch.