The Limited Times

Now you can see non-English news...

Real estate: the fall of the Chinese giant Evergrande shakes the markets

2021-09-20T16:48:10.715Z

DECRYPTION - Beijing still seems to be looking for the right solution to reduce the damage caused by the dreaded bankruptcy of the over-indebted real estate giant.



Correspondent in Asia

Panic on the Hong Kong Stock Exchange. On Monday, the price of the Hang Seng index fell by 3.3%, led by the plunge of the action of the Chinese real estate developer on the verge of bankruptcy Evergrande (up to 17% in session). The plight of this giant is fueling investor nervousness and rekindles the specter of a "Lehman Brothers moment" for the world's second-largest economy. The concern from Shenzhen, where aggrieved investors loudly protested outside the beleaguered group's headquarters last week, crossed the Pearl River Delta on this mainland holiday, to catch up with real estate groups in the mainland. former British colony, like Henderson Land which lost 13%. The banking sector is also affected.

Read also

250 billion debts: the fall of the Chinese giant Evergrande

This new heat wave after a turbulent summer is triggered by the approach of two repayment deadlines that await Evergrande, one of which is Thursday.

The real estate group will have to repay bonds

This article is for subscribers only.

You have 86% left to discover.

To cultivate one's freedom is to cultivate one's curiosity.

Continue reading your article for € 1 the first month

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All news articles on 2021-09-20

Similar news:

You may like

Trends 24h

News/Politics 2021-10-15T15:27:30.482Z
News/Politics 2021-10-14T23:39:34.587Z
News/Politics 2021-10-15T12:27:23.189Z

Latest

© Communities 2019 - Privacy