Today Evergrande is seen as a rickety threat to Chinas biggest banks. Cash-strapped developer China Evergrande Group 3333HK has begun repaying investors in its wealth management products with real estate.
Evergrande Reaches Agreement With Spd Bank On Cny60 Billion Of Credit Investment Banking Cash Management Property Development
Today his wealth is a little more modest much of it tied to the companys stock price around 18 billion according Chinas Hurun wealth report.
Evergrande news today. Last week news emerged that Evergrande is severely lacking in liquidity and was therefore unable to make timely payments on many of its debts. An Evergrande failure he added was not good news to the financial.
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