China's Evergrande Group says will maintain operations, markets stability

Reuters2021-08-20

SHANGHAI, Aug 20 (Reuters) - Chinese property developer Evergrande Group said on Friday it is determined to maintain the stability of its operations, a day after executives of the indebted company were summoned by regulators.

Evergrande said in a statement it would "maintain the stability of the company's operation, resolve debt risks", as well as "maintain the stability of the real estate and financial market".

It also confirmed it had met with the central bank and the banking and insurance regulatory on Thursday, and added that it would fully implement regulatory requirements.

China's central bank and banking and insurance regulator said they had summoned Evergrande's executives to a meeting on Thursday, urging them to keep operations stable and actively diffuse debt risks.

The summons come amid fragile confidence in China's credit markets and concern that a financial crisis at Evergrande could pose a systemic risk as the company struggles to find the cash it needs to pay its lenders.

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2021-08-20
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2021-08-20
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Chinese property developer Evergrande Group said on Friday it is determined to maintain the stability of its operations, a day after executives of the indebted company were summoned by regulators.</p>\n<p>Evergrande said in a statement it would \"maintain the stability of the company's operation, resolve debt risks\", as well as \"maintain the stability of the real estate and financial market\".</p>\n<p>It also confirmed it had met with the central bank and the banking and insurance regulatory on Thursday, and added that it would fully implement regulatory requirements.</p>\n<p>China's central bank and banking and insurance regulator said they had summoned Evergrande's executives to a meeting on Thursday, urging them to keep operations stable and actively diffuse debt risks.</p>\n<p>The summons come amid fragile confidence in China's credit markets and concern that a financial crisis at Evergrande could pose a systemic risk as the company struggles to find the cash it needs to pay its lenders.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160771799","content_text":"SHANGHAI, Aug 20 (Reuters) - Chinese property developer Evergrande Group said on Friday it is determined to maintain the stability of its operations, a day after executives of the indebted company were summoned by regulators.\nEvergrande said in a statement it would \"maintain the stability of the company's operation, resolve debt risks\", as well as \"maintain the stability of the real estate and financial market\".\nIt also confirmed it had met with the central bank and the banking and insurance regulatory on Thursday, and added that it would fully implement regulatory requirements.\nChina's central bank and banking and insurance regulator said they had summoned Evergrande's executives to a meeting on Thursday, urging them to keep operations stable and actively diffuse debt risks.\nThe summons come amid fragile confidence in China's credit markets and concern that a financial crisis at Evergrande could pose a systemic risk as the company struggles to find the cash it needs to pay its lenders.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":838431515,"gmtCreate":1629423132437,"gmtModify":1676530035279,"author":{"id":"3582448988391909","authorId":"3582448988391909","name":"HauSG","avatar":"https://static.tigerbbs.com/d69d0532d6f1ac04316e70c1166f0acd","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Good ?&nbsp;","listText":"Good ?&nbsp;","text":"Good ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/838431515","repostId":2160771799,"repostType":4,"repost":{"id":"2160771799","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1629421043,"share":"https://www.laohu8.com/m/news/2160771799?lang=&edition=full","pubTime":"2021-08-20 08:57","market":"hk","language":"en","title":"China's Evergrande Group says will maintain operations, markets stability","url":"https://stock-news.laohu8.com/highlight/detail?id=2160771799","media":"Reuters","summary":"SHANGHAI, Aug 20 (Reuters) - Chinese property developer Evergrande Group said on Friday it is determ","content":"<p>SHANGHAI, Aug 20 (Reuters) - Chinese property developer Evergrande Group said on Friday it is determined to maintain the stability of its operations, a day after executives of the indebted company were summoned by regulators.</p>\n<p>Evergrande said in a statement it would \"maintain the stability of the company's operation, resolve debt risks\", as well as \"maintain the stability of the real estate and financial market\".</p>\n<p>It also confirmed it had met with the central bank and the banking and insurance regulatory on Thursday, and added that it would fully implement regulatory requirements.</p>\n<p>China's central bank and banking and insurance regulator said they had summoned Evergrande's executives to a meeting on Thursday, urging them to keep operations stable and actively diffuse debt risks.</p>\n<p>The summons come amid fragile confidence in China's credit markets and concern that a financial crisis at Evergrande could pose a systemic risk as the company struggles to find the cash it needs to pay its lenders.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Evergrande Group says will maintain operations, markets stability</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Evergrande Group says will maintain operations, markets stability\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-20 08:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, Aug 20 (Reuters) - Chinese property developer Evergrande Group said on Friday it is determined to maintain the stability of its operations, a day after executives of the indebted company were summoned by regulators.</p>\n<p>Evergrande said in a statement it would \"maintain the stability of the company's operation, resolve debt risks\", as well as \"maintain the stability of the real estate and financial market\".</p>\n<p>It also confirmed it had met with the central bank and the banking and insurance regulatory on Thursday, and added that it would fully implement regulatory requirements.</p>\n<p>China's central bank and banking and insurance regulator said they had summoned Evergrande's executives to a meeting on Thursday, urging them to keep operations stable and actively diffuse debt risks.</p>\n<p>The summons come amid fragile confidence in China's credit markets and concern that a financial crisis at Evergrande could pose a systemic risk as the company struggles to find the cash it needs to pay its lenders.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160771799","content_text":"SHANGHAI, Aug 20 (Reuters) - Chinese property developer Evergrande Group said on Friday it is determined to maintain the stability of its operations, a day after executives of the indebted company were summoned by regulators.\nEvergrande said in a statement it would \"maintain the stability of the company's operation, resolve debt risks\", as well as \"maintain the stability of the real estate and financial market\".\nIt also confirmed it had met with the central bank and the banking and insurance regulatory on Thursday, and added that it would fully implement regulatory requirements.\nChina's central bank and banking and insurance regulator said they had summoned Evergrande's executives to a meeting on Thursday, urging them to keep operations stable and actively diffuse debt risks.\nThe summons come amid fragile confidence in China's credit markets and concern that a financial crisis at Evergrande could pose a systemic risk as the company struggles to find the cash it needs to pay its lenders.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":26,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2160771799"}