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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.
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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.