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China's developers raised funds across all channels down 70 percent in January…falling for the 11th straight month…underlining investors' persistent cautions.
Shenzhen Wenke Landscape Co. warned in a recent filing of a net loss last year due to Evergrande's 1.8 billion yuan in defaults and unpaid receivables.
A rising number of Chinese companies listed on Wall Street are under pressure to be cut off from U.S. capital markets due to poor performance.
The deepening debt crisis at Chinese developers like Evergrande Group has stifled housing demand and hit the country’s economy.
Municipal governments have been under heavy economic stress, exacerbated by dramatic defaults of developers like Evergrande, and weighted down by sluggish land sales.