Embattled Evergrande warns of growing default risks as pressures mount

said on Tuesday it has engaged advisers to examine its financial options and warned of default risks amid plunging property sales, sending its stock and bond prices sharply lower.

In the latest development, Evergrande said two of its subsidiaries had failed to uphold guarantee obligations for 934 million yuan worth of wealth management products issued by third parties. The company's shares slumped to a six-year low in Hong Kong on Tuesday and the Shanghai bourse halted trading of its listed bonds amid wild swings in its price.

The two firms will assess the group's capital structure, evaluate its liquidity, explore solutions to ease the current liquidity stress and reach an optimal solution for all stakeholders as soon as possible.

People's Republic of China will return to communism. Your money will not be returned. All the money you invested will be gone.

JOmarCer

Stocks drop but government backed IAG prosper wow there’s a surprise

1:24 guy smoking a dart inside, hilarious.

As always, China sneezes and the rest of the world gets sick. Not a coincidence that this happens straight after the U.K, USA and Australia announces The Aukus pact Aukus. $nasdaq NASDAQ100 $AAPL $PTON

Bitcoin

With an energy crisis and sky high gas and electricity prices I think we going to get a few blackouts

This is why people should not invest in China. Horrible accounting practices and no transparency at all leads to this.

And so China will now recognize corporations as people and bail them out too? And so it begins. Better to let it sink. Humans need to stop propping up failing businesses. Let it die; it is natural.

Zivo🚀🚀🚀

Fuuuuuuuuuuuuck thats not good

Xi, the gift that keeps on giving to the U.S. Simultaneously destroys his economy with a debt crackdown when all they have is debt whilst turning the whole world against them with unnecessary military aggression. How long will China put up with this idiot?

this is a disaster

Concerning story indeed, but Weekend Me still has its grip on me, and I can’t help but wonder if the company name is also the medium coffee in Dave Grohl’s coffee shop 🤷🏽‍♀️

这有啥值得说的

Beginning of the End in China. It can be slow or it can be fast. That’s up to them. The tank happens from here and the fire sales that rage will not be pretty. Warned off China yrs ago. Stick a fork in them. They’re done. $CHY 15 cents! I wouldn’t give you 2 cents.

This is why crypto will win. The corruption of the financial system is obscene. The regulators don't protect any individuals, except the rich.

that much? if every person in China donated $1.5 dollars then they could repay their debt... if every person in China donated 5c to ME, i'd be a millionaire - just gonna throw that into the universe

Embrace for impact!!! Yes, we all

horrible

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