HONG KONG, Dec 6 — After lurching from deadline to deadline, China Evergrande Group is again on the brink of default, with its pessimistic comments condemning its stock to a record low just as direct state involvement raises hope of a managed debt restructuring.
Its Friday statement was followed by one from authorities in its home province of Guangdong, saying they would send a team at Evergrande’s request to oversee risk management, strengthen internal control and maintain operations — the state’s first public move to intervene directly to manage any fallout.
Regulators would also likely facilitate debt restructuring discussion with offshore creditors after operations stabilise, the US investment bank said in a report. To stem turmoil, regulators since October have urged banks to relax lending for developers’ normal financing needs and allowed more real estate firms to sell domestic bonds.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia, China agree to maintain peace, stability in South China Sea, says Saifuddin | Malay MailZHEJIANG (China), Dec 4 — Malaysia and China have emphasised on the importance of maintaining peace and stability in the South China Sea, said Foreign Minister Datuk Saifuddin Abdullah. Speaking to the media in a joint press conference with China’s State Councillor and Foreign Minister Wang Yi,... That means nothing.😁 How can China trust a traitor? China is BIG BRO to Malaysia. So if China wants to claim a few islands, its ok for Malaysia
Source: malaymail - 🏆 1. / 86 Read more »
China plans to allow Malaysian students to return and continue their studies, says Saifuddin | Malay MailZHEJIANG (China), Dec. 4 — China is planning to allow international students, including from Malaysia, to return to the country to resume their studies, said Foreign Minister Datuk Saifuddin Abdullah. He said the matter was among those discussed in the inaugural meeting of the Malaysia-China High...
Source: malaymail - 🏆 1. / 86 Read more »
New areas of cooperation an added value in Malaysia-China relations, says Saifuddin | Malay MailHUZHOU, Dec 5 — Malaysia and China will continue to build strong ties through cooperation in various new areas including the digital economy, cybersecurity, vaccine research, cultural diplomacy and filmmaking. Concluding his two-day official visit to China which began on Friday, Foreign Minister...
Source: malaymail - 🏆 1. / 86 Read more »
China Evergrande braces for debt deadline after doubting ability to payHONG KONG: After lurching from deadline to deadline, China Evergrande Group is again on the brink of default, with pessimistic comments from the property developer raising expectations of direct state involvement and a managed debt restructuring.
Source: staronline - 🏆 4. / 75 Read more »
Malaysia, China agree to maintain peace, stability in South China SeaZHEJIANG: Malaysia and China have emphasised on the importance of maintaining peace and stability in the South China Sea, said Foreign Minister Datuk Saifuddin Abdullah. China will and did everything opposite to what it said. Nobody percaya ko lah
Source: staronline - 🏆 4. / 75 Read more »
China threatens countermeasures if US boycotts Beijing OlympicsThose pushing for boycott are 'grandstanding', says its Foreign Ministry. Why does China sounds more like North Korea?
Source: malaysiakini - 🏆 20. / 51 Read more »