BANGKOK (AP) — A Hong Kong court’s order to liquidate China Evergrande, the world’s most heavily indebted real estate developer, is only a tentative step toward resolving a debt crisis
China Evergrande Group: Evergrande owes $340 billion to its creditors. Experts say it s unclear if Monday s order will be enforced in mainland China, where the company and 90% of its assets are based.
Hong Kong banks’ net interest margin – the gap between the rate charged on loans and the interest paid for deposits – widened last year to the fattest in four years at 1.68 per cent, the HKMA’s data showed.