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Evergrande crisis
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Evergrande crisis

Evergrande crisis
Evergrande crisis
Latest news and analysis about the China Evergrande Group, the world’s most indebted property developer. Fears are rising about Evergrande’s ability to repay its cascading pile of debt against the backdrop of muted property sales in mainland China and efforts by Beijing to rein in the property sector in the past year.
A view of unfinished residential buildings developed by China Evergrande Group in Shijiazhuang, in northern China’s Hebei province, on February 1, 2024. Photo: Reuters
China property

Chinese court guidance aims to smooth handling of developer bankruptcies

Framework from Supreme People’s Court aims to end judicial inconsistencies across regions, aid flow of capital for construction continuation.

China Evergrande Group

After Evergrande, new rules spark unease amid developers’ debt resolution

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China's economic recovery

China moves to stabilise property sector with ‘stronger-than-expected’ package

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Accounting and auditing

PwC International must face trial of Evergrande scandals claims: Hong Kong court

Liquidators seek claims of about 38 billion yuan from PwC International for Evergrande audit failures.

Signage appears on the Australian head office building of PWC in Australia. Photo: AP
China Evergrande Group

Editorial | China Evergrande founder’s fall a warning to private sector

Case serves as a stark lesson on the limits of corporate survival and the need for business integrity.

China Evergrande Group

Demise of Hui’s China Evergrande Group engulfs sports empire built on its fortunes

Ex-real estate giant’s forays into football, giant stadium, football school and volleyball matched its ambition – but then the money stopped.

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China property

Chinese court accepts Evergrande liquidation 1 day after founder’s sentencing

Decision of court in Guangdong province against developer’s main onshore unit Hengda Real Estate punctuates company’s long undoing.

A photo taken on December 3, 2022 shows a housing complex by Chinese property developer Evergrande in Huaian, in eastern China’s Jiangsu province. Photo: AFP
China Evergrande Group

Video | Evergrande boss Hui Ka-yan sentenced to life in jail

Hui ⁠Ka-yan given life sentence for ‘multiple combined crimes’ by court in Shenzhen.

China Evergrande Group

Saga of China Evergrande founder Hui Ka-yan ends with life sentence

Sentence for ‘multiple combined crimes’ in Shenzhen court signals end of property sector’s ‘old‑era growth model’, analyst says.

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Hong Kong courts

Evergrande liquidators challenge watchdog’s HK$1 billion settlement with PwC

Developer’s liquidators are seeking to have agreement with PricewaterhouseCoopers Hong Kong quashed on the grounds of an abuse of power.

The Securities and Futures Commission has defended its settlement with PwC Hong Kong. Photo: Yik Yeung-man
China property

In Focus | Bottom fishers? Foreign funds’ moves on China property give hope for rebound

International capital is circling China’s property sector, testing valuations and chasing returns after years of strain.

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Illustration: Dennis Yip
Hong Kong courts

Court rules Evergrande can recover HK$6b debt after ‘fabricated’ claims rejected

Debt stemmed from March 2021, when Evergrande subsidiary State Hero reached agreement to lend HK$5 billion to Yingjia International.

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China property

Opinion | Why China is untangling its banks from the property wreckage

Authorities are rewiring financial architecture to address the systemic risk, breaking the deep structural ties between property and banking.

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Accounting and auditing

Evergrande liquidators seek US$8.4 billion from PwC units in Hong Kong lawsuit

PwC International seeks removal from case as liquidators press claims against global arm as well as the Hong Kong and mainland China units.

A general view of The High Court in Admiralty. Photo: Warton Li
Accounting and auditing

Hong Kong court to hear Evergrande liquidators’ lawsuit against PwC on Monday

PwC faces fresh legal battle after SFC ordered HK$1 billion payout to Evergrande minority shareholders and AFRC imposed HK$300 million fine.

The one-day hearing against PwC is open to the public. Photo: Andy Wong
China property

China’s bond market faces climbing re-defaults as property crisis drags on

Re-defaults erode credit differentiation as homebuyer confidence weakens under slow income growth and high leverage, analysts warn.

Banking & finance

Default in our stars: China banks use satellites to track assets, cut loan risks

Analysts say orbital monitoring of sites, property and other assets provides vital data on borrowers.

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China property

Tycoon Pan Shiyi slams China property ‘Ponzi’ as Evergrande boss pleads guilty

Writing from US in a since-deleted post, Soho China founder warns that property recovery is impossible without buyer trust, as new data shows home sales still plunging.

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An abandoned Evergrande construction project is seen on Tuesday in China’s Anhui province. The founder of the Chinese property giant has pleaded guilty to charges of fraud and bribery, a court said on Tuesday. Photo: AFP
China Evergrande Group

Founder of China’s Evergrande Group Hui Ka-yan pleads guilty in fraud trial

Milestone in downfall of company that was once the world’s largest developer is unlikely to move the market, analysts say.

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China property

Expect no ‘systemic shock’ from Vanke’s ‘technical default’: HSBC

Even an ‘aggressive’ haircut would pose limited downside risks to key developers, bank says.

China property

China’s developers diminish further amid unending property downturn

Only 10 developers manage to break US$14 billion in 2025 sales, down from 43 in 2020.

New construction rises in a residential area in Hangzhou, in eastern China’s Zhejiang province, on January 5, 2026. Photo: CFOTO/Future Publishing via Getty Images
China's economic recovery

No ‘piecemeal’ steps: Chinese journal urges more support for property sector

Top Communist Party journal calls on officials to roll out a stronger policy package in one go, rather than following ‘piecemeal-style’ approach.

People pass by half-finished buildings in Beijing. China’s property market has been mired in a downturn since 2021. Photo: EPA-EFE
China consumption

China vows city-specific fixes to clear housing glut, stabilise property sector

Housing minister pledges to empower local governments to buy unsold inventory and shift towards selling only finished homes with a ‘what you see is what you get’ model.

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China property

China Vanke wins bondholders’ reprieve, averts default for now

Holders of the 2 billion yuan note approve extension of grace period to January 28, but deny proposal to defer principal payment for a year.

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China property

China Vanke’s managers have no plans to sell shares as firm fights for survival

Vanke, responding to queries from investors, says top managers have not notified it about their intentions so far.

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Vanke said it had completed 19 bulk asset transactions in the first three quarters of this year totalling 6.86 billion yuan. Photo: Reuters
China property

Shanghai launches clampdown on property market doom-mongering

City’s internet regulators shut down 70,000 accounts in a ‘special campaign’ against pessimistic content as real estate jitters continue.

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Shanghai has launched a “special campaign” against online content that talks down the property market. Photo: Shutterstock
China property

As I see it | China’s extended property slump was always expected

History has shown that when real estate bubbles burst, the economic damage is usually severe and prolonged.

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China Evergrande Group

Evergrande’s iconic Canadian hotel to be sold after default

Fairmont Le Chateau Montebello has hosted luminaries including Grace Kelly and Margaret Thatcher.

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