Trading resumes on Beijing Stock Exchange, 10 stocks jump

Shanghai: Trading on the Beijing Stock Exchange began on Monday, with shares of 10 companies that recently conducted an initial public offering (IPO) on the new Chinese exchange soared up to six times and triggered circuit breakers. A total of 81 shares began trading to mark the official launch of the exchange – which has … Read more

Investors await Evergrande’s $148 million overdue payment as debt crisis escalates

SHANGHAI/HONGKONG: Cash-strapped China Evergrande Group faced a deadline for making offshore bond payments on Wednesday, while a credit rating downgrade at another property firm added to growing concerns about a liquidity squeeze in the sector. Evergrande, the world’s most indebted developer, has been stumbling from deadline to deadline in recent weeks as it grapples with … Read more

China’s developer Kaisa pleads for help, ‘patience’ as the sector’s debt crisis

SHANGHAI/BEIJING: Casa Group Holdings needs help paying investors, workers and suppliers, the developer told a meeting of banks and property firms, a Chinese government think-tank, according to a source with direct knowledge of the matter. Told. Troubles at China Evergrande Group, the world’s most indebted developer, have sparked offshore defaults, credit rating downgrades and sell-offs … Read more