Page 9 - Xia Haijun News Today

In rare official comments, Zou Lan, head of financial markets at the People's Bank of China, urged Evergrande to step up asset disposals and the resumption of projects.

Evergrande Group's chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion in debts.

Evergrande Group's chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion in debts.

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These meetings come as the company has missed three loan payments and oversees a number of unfinished developments.

Evergrande Group's chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese developer battles against default on more than $300 billion in debts.

Evergrande’s Goal to Cut $100 Billion Debt Hinges on Stock Sales Bloomberg 1 hr ago Bloomberg News (Bloomberg) -- China Evergrande Group’s target for cutting its $100 billion in debt hinges on more profit-squeezing property price cuts and aggressive equity fundraising from its non-core businesses. After reporting its second straight year of declining profit, the nation’s most indebted developer said on Wednesday that it has made early progress on paring borrowings and un...