Evergrande tests China’s commitment to deleveraging

High-rise flats developed by Evergrande in China
Flats developed by Evergrande

In recent weeks, China’s Evergrande Group has been described by the media as being anything from the next “Lehman moment” to simply “a big mess”.

The empire, founded by billionaire Hui Ka Yan, piled up a total debt load of two trillion yuan ($305 billion) by the end of June, a filing shows. It says its projects house 12 million people, and it holds land reserves of as much as 214 million square metres.

As a liquidity crunch hits the behemoth, the after-effects are rattling not just bondholders

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account