Posted inHong Kong

Evergrande default fears spread to HK banks

China Evergrande Group, the mainland’s largest and the world’s most indebted property developer, is back in the news amid new market fears it may default on its debts. The firm’s shares bounced 7.9% on Thursday on news it had reached a settlement to unfreeze a 132 million yuan (US$20.4 million) project loan with a mainland bank. […]