Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen

179
17
Favorite

Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen

Bloomberg2021-07-19

(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

179

Report

Comment（17）

IsaacYap90
·2021-07-19
Ok
Reply
2
Report
Hellomafia
·2021-07-19
Iike and comment pls
Reply
5
Report
Fold Replies
- Ck38:
  Ok
  2021-07-19
  Reply
  Report
- Vonz:
  ok
  2021-07-19
  Reply
  Report
- IsaacYap90:
  Ok
  2021-07-19
  Reply
  Report
nAonkA
·2021-07-19
Nice
Reply
8
Report
Fold Replies
- IsaacYap90:
  Ok
  2021-07-19
  Reply
  Report
- Valiant777:
  gd
  2021-07-19
  Reply
  Report
szueyann
·2021-07-19
Please like and comment. Thanks
Reply
6
Report
Fold Replies
- IsaacYap90:
  Ok
  2021-07-19
  Reply
  Report
- 4XKEYQ:
  Done
  2021-07-19
  Reply
  Report
- SirBahamut:
  Done
  2021-07-19
  Reply
  Report
tkysingapore
·2021-07-19
Is this serious?
Reply
5
Report
Fold Replies
- IsaacYap90:
  Ok
  2021-07-19
  Reply
  Report
Zac100x
·2021-07-19
Hi
Reply
2
Report
och
·2021-07-19
Like pls
Reply
3
Report
Fold Replies
- szueyann:
  ok
  2021-07-19
  Reply
  Report
Vin309
·2021-07-19
Like and comment
Reply
5
Report
Fold Replies
- thuiminnReplying toSongYong:
  like and comment back
  2021-07-19
  Reply
  Report
- SongYong:
  ok
  2021-07-19
  Reply
  Report
- szueyann:
  ok
  2021-07-19
  Reply
  Report
View more 1 comments
Cash88
·2021-07-19
Comment
Reply
4
Report
Fold Replies
- Cash88:
  thanks
  2021-07-20
  Reply
  Report
- och:
  [微笑]
  2021-07-19
  Reply
  Report
CharlesKing
·2021-07-19
Like and comment plz???
Reply
4
Report
Fold Replies
- Acella:
  ?
  2021-07-19
  Reply
  Report
- Juin88:
  Aite
  2021-07-19
  Reply
  Report
jk0726
·2021-07-19
??
Reply
3
Report
GodSpeed
·2021-07-19
Pls like comment
Reply
2
Report
Fold Replies
- SiewLooiWan:
  good good
  2021-07-19
  Reply
  Report
- J256:
  Ok
  2021-07-19
  Reply
  Report
dandan_4896
·2021-07-19
info@1-altitude.com
Reply
7
Report
angskk
·2021-07-19
Pls like and comment thks
Reply
2
Report
Fold Replies
- PohYew:
  Ok done
  2021-07-19
  Reply
  Report
- Vin309:
  Ok
  2021-07-19
  Reply
  Report
Roticanai
·2021-07-19
Like
Reply
4
Report
cjw098
·2021-07-19
Awesome!
Reply
6
Report
Fold Replies
- dandan_4896:
  info@1-altitude.com
  2021-07-19
  Reply
  Report
Butt3rc00ki3
·2021-07-19
Like
Reply
4
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1197809141?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-19 11:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1197809141","market":"hk","top_or_hot":-1,"title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Source Link</a>\n\n</div>\n","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03333","symbol_name":"中国恒大","start_time":0,"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","article_id":"1197809141","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","pubTimestamp":1626666663,"sourceInfo":{"source_id":"lsy1612507957220","name":"finance.yahoo"},"weMediaInfo":null,"summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"03333":"中国恒大"},"translate_title":"恒大股票、债券在单位银行存款被冻结后暴跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03333":0.9},"content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":173561865,"gmtCreate":1626670796357,"gmtModify":1703763079159,"author":{"id":"3583568085402852","authorId":"3583568085402852","name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173561865","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":173587789,"gmtCreate":1626670493441,"gmtModify":1703763073129,"author":{"id":"3584755669313626","authorId":"3584755669313626","name":"Hellomafia","avatar":"https://static.tigerbbs.com/79685e00a0dd78270f065873e04783c0","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Iike and&nbsp;comment pls&nbsp;","listText":"Iike and&nbsp;comment pls&nbsp;","text":"Iike and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/173587789","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5259878,"gmtCreate":1626672265854,"gmtModify":1663231154444,"authorId":3583102255464470,"author":{"id":3583102255464470,"authorId":3583102255464470,"name":"Ck38","avatar":"https://static.tigerbbs.com/9b8be8ba545142480a0d1d5dc625e918","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.01.29","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173587789,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5259805,"gmtCreate":1626671536076,"gmtModify":1663231152745,"authorId":3581046107767827,"author":{"id":3581046107767827,"authorId":3581046107767827,"name":"Vonz","avatar":"https://static.tigerbbs.com/5a1cb72de358038a377e7053d898bb82","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173587789,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":5259730,"gmtCreate":1626670810681,"gmtModify":1663231152254,"authorId":3583568085402852,"author":{"id":3583568085402852,"authorId":3583568085402852,"name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173587789,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":173585716,"gmtCreate":1626670300635,"gmtModify":1703763070686,"author":{"id":"3567471451546980","authorId":"3567471451546980","name":"nAonkA","avatar":"https://static.tigerbbs.com/2c5905f2cf61636f82bdd3d58203997c","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/173585716","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5259733,"gmtCreate":1626670821378,"gmtModify":1663231153451,"authorId":3583568085402852,"author":{"id":3583568085402852,"authorId":3583568085402852,"name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173585716,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5259743,"gmtCreate":1626670929780,"gmtModify":1663231153037,"authorId":3582254756506480,"author":{"id":3582254756506480,"authorId":3582254756506480,"name":"Valiant777","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173585716,"type":1,"supId":0,"prevId":0,"content":"gd","text":"gd","html":"gd"}],"langContent":"EN"},{"id":173581366,"gmtCreate":1626670017955,"gmtModify":1703763063521,"author":{"id":"3573721781255613","authorId":"3573721781255613","name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Please like and comment. Thanks","listText":"Please like and comment. Thanks","text":"Please like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/173581366","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5259734,"gmtCreate":1626670829955,"gmtModify":1663231150927,"authorId":3583568085402852,"author":{"id":3583568085402852,"authorId":3583568085402852,"name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173581366,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5259666,"gmtCreate":1626670104393,"gmtModify":1663231149930,"authorId":3575807346407979,"author":{"id":3575807346407979,"authorId":3575807346407979,"name":"4XKEYQ","avatar":"https://static.tigerbbs.com/de3f10a9c3304a65bad52cfc9b4792f0","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173581366,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":5259660,"gmtCreate":1626670081747,"gmtModify":1663231149761,"authorId":3581734227956830,"author":{"id":3581734227956830,"authorId":3581734227956830,"name":"SirBahamut","avatar":"https://community-static.tradeup.com/news/bfb00d5085e2ed1685d99f51539c6bb1","vip":1,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every month","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.11.07","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173581366,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":173580822,"gmtCreate":1626669854066,"gmtModify":1703763059469,"author":{"id":"4087877467924400","authorId":"4087877467924400","name":"tkysingapore","avatar":"https://static.tigerbbs.com/862b53bbb56e2f9d0931f695b228fef1","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Is this serious?&nbsp;","listText":"Is this serious?&nbsp;","text":"Is this serious?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/173580822","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5259735,"gmtCreate":1626670838207,"gmtModify":1663231151833,"authorId":3583568085402852,"author":{"id":3583568085402852,"authorId":3583568085402852,"name":"IsaacYap90","avatar":"https://static.tigerbbs.com/40f66d0266826bb209ee22688d7bbde5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173580822,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":173515161,"gmtCreate":1626669451053,"gmtModify":1703763055235,"author":{"id":"4089614230658220","authorId":"4089614230658220","name":"Zac100x","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173515161","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":173516194,"gmtCreate":1626669259118,"gmtModify":1703763052167,"author":{"id":"3565663543754207","authorId":"3565663543754207","name":"och","avatar":"https://static.tigerbbs.com/1c195b2a32a90ae2210984600e352644","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/173516194","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5259658,"gmtCreate":1626670044129,"gmtModify":1663231152325,"authorId":3573721781255613,"author":{"id":3573721781255613,"authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173516194,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":173518140,"gmtCreate":1626669176680,"gmtModify":1703763050877,"author":{"id":"3555908735229300","authorId":"3555908735229300","name":"Vin309","avatar":"https://static.tigerbbs.com/9ca4de1ca05f1d625f1bcdbc1d790726","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/173518140","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5259600,"gmtCreate":1626669504745,"gmtModify":1663231154055,"authorId":3582403330807441,"author":{"id":3582403330807441,"authorId":3582403330807441,"name":"thuiminn","avatar":"https://static.tigerbbs.com/ab77e304f9cf03ebe236699fa09e54b7","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3581546936450688,"repliedAuthor":{"id":3581546936450688,"authorId":3581546936450688,"name":"SongYong","avatar":"https://static.tigerbbs.com/b9a9d0f6cfe6fbb661560479b389a828","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":173518140,"type":1,"supId":5259570,"prevId":5259582,"content":"like and comment back","text":"like and comment back","html":"like and comment back"},{"id":5259582,"gmtCreate":1626669370146,"gmtModify":1663231153844,"authorId":3581546936450688,"author":{"id":3581546936450688,"authorId":3581546936450688,"name":"SongYong","avatar":"https://static.tigerbbs.com/b9a9d0f6cfe6fbb661560479b389a828","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173518140,"type":1,"supId":5259570,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":5259659,"gmtCreate":1626670051323,"gmtModify":1663231149761,"authorId":3573721781255613,"author":{"id":3573721781255613,"authorId":3573721781255613,"name":"szueyann","avatar":"https://static.tigerbbs.com/cba9c6b1e785a9cf7301a7e6a2ff2354","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173518140,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":5259570,"gmtCreate":1626669244358,"gmtModify":1635226236556,"authorId":3565663543754207,"author":{"id":3565663543754207,"authorId":3565663543754207,"name":"och","avatar":"https://static.tigerbbs.com/1c195b2a32a90ae2210984600e352644","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173518140,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"EN"},{"id":173510999,"gmtCreate":1626668695711,"gmtModify":1703763044577,"author":{"id":"3586517695826971","authorId":"3586517695826971","name":"Cash88","avatar":"https://static.tigerbbs.com/65a02861482d3cada99b9d8f8b4b76eb","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/173510999","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5267515,"gmtCreate":1626743637178,"gmtModify":1663231185832,"authorId":3586517695826971,"author":{"id":3586517695826971,"authorId":3586517695826971,"name":"Cash88","avatar":"https://static.tigerbbs.com/65a02861482d3cada99b9d8f8b4b76eb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173510999,"type":1,"supId":5259573,"prevId":0,"content":"<u>thanks</u>","text":"<u>thanks</u>","html":"<u>thanks</u>"},{"id":5259573,"gmtCreate":1626669280058,"gmtModify":1663231152253,"authorId":3565663543754207,"author":{"id":3565663543754207,"authorId":3565663543754207,"name":"och","avatar":"https://static.tigerbbs.com/1c195b2a32a90ae2210984600e352644","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173510999,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"EN"},{"id":173534538,"gmtCreate":1626668596624,"gmtModify":1703763042639,"author":{"id":"3579391265651951","authorId":"3579391265651951","name":"CharlesKing","avatar":"https://static.tigerbbs.com/d8fbdcf3295ba7f84c1f2205610ea968","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like and comment plz???","listText":"Like and comment plz???","text":"Like and comment plz???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/173534538","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5260259,"gmtCreate":1626677040224,"gmtModify":1663231155129,"authorId":3563150446821026,"author":{"id":3563150446821026,"authorId":3563150446821026,"name":"Acella","avatar":"https://static.tigerbbs.com/2712c4bb0bfbec4d2773e012189db3bc","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173534538,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"},{"id":5259523,"gmtCreate":1626668642163,"gmtModify":1635226240473,"authorId":3581566730662351,"author":{"id":3581566730662351,"authorId":3581566730662351,"name":"Juin88","avatar":"https://static.tigerbbs.com/5225149ab8560afd3cb10ccb70313999","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173534538,"type":1,"supId":0,"prevId":0,"content":"Aite","text":"Aite","html":"Aite"}],"langContent":"EN"},{"id":173535863,"gmtCreate":1626668489952,"gmtModify":1703763040866,"author":{"id":"4087884674407470","authorId":"4087884674407470","name":"jk0726","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173535863","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":173536423,"gmtCreate":1626668393662,"gmtModify":1703763037930,"author":{"id":"3555741898245131","authorId":"3555741898245131","name":"GodSpeed","avatar":"https://static.tigerbbs.com/ee5f7232b69fab8a90a42644f3305575","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Pls like comment","listText":"Pls like comment","text":"Pls like comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/173536423","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5259501,"gmtCreate":1626668438171,"gmtModify":1663231152836,"authorId":3582061758353540,"author":{"id":3582061758353540,"authorId":3582061758353540,"name":"SiewLooiWan","avatar":"https://static.tigerbbs.com/882a76fb2f3809d087f6c6ad77073f77","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173536423,"type":1,"supId":0,"prevId":0,"content":"good <u>good</u>","text":"good <u>good</u>","html":"good <u>good</u>"},{"id":5259521,"gmtCreate":1626668601500,"gmtModify":1635226240682,"authorId":3568246645066934,"author":{"id":3568246645066934,"authorId":3568246645066934,"name":"J256","avatar":"https://static.tigerbbs.com/4c0fb219cf2e82a54daea5531a5407ee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173536423,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":173599406,"gmtCreate":1626667488705,"gmtModify":1703763018257,"author":{"id":"3576232257279797","authorId":"3576232257279797","name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"info@1-altitude.com","listText":"info@1-altitude.com","text":"info@1-altitude.com","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173599406","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":173590709,"gmtCreate":1626667311401,"gmtModify":1703763016792,"author":{"id":"3575447019432232","authorId":"3575447019432232","name":"angskk","avatar":"https://static.tigerbbs.com/14993a1ab2e959534763e33dc2415981","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Pls like and comment thks","listText":"Pls like and comment thks","text":"Pls like and comment thks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/173590709","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5263971,"gmtCreate":1626705245638,"gmtModify":1663231169143,"authorId":3585868227067501,"author":{"id":3585868227067501,"authorId":3585868227067501,"name":"PohYew","avatar":"https://static.tigerbbs.com/056f65ab8ca06f684a0c393f55784976","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173590709,"type":1,"supId":0,"prevId":0,"content":"Ok <u>done</u>","text":"Ok <u>done</u>","html":"Ok <u>done</u>"},{"id":5259566,"gmtCreate":1626669187507,"gmtModify":1663231153349,"authorId":3555908735229300,"author":{"id":3555908735229300,"authorId":3555908735229300,"name":"Vin309","avatar":"https://static.tigerbbs.com/9ca4de1ca05f1d625f1bcdbc1d790726","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173590709,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":173502114,"gmtCreate":1626666988338,"gmtModify":1703763009476,"author":{"id":"3581913988119713","authorId":"3581913988119713","name":"Roticanai","avatar":"https://static.tigerbbs.com/4da10b7952b9a699e2c4703a67642740","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173502114","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":173506168,"gmtCreate":1626666898054,"gmtModify":1703763008006,"author":{"id":"4087214951352220","authorId":"4087214951352220","name":"cjw098","avatar":"https://static.tigerbbs.com/b10ce798b0c326c0c1a981729e007efb","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Awesome!","listText":"Awesome!","text":"Awesome!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/173506168","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5259394,"gmtCreate":1626667503489,"gmtModify":1635226251736,"authorId":3576232257279797,"author":{"id":3576232257279797,"authorId":3576232257279797,"name":"dandan_4896","avatar":"https://static.tigerbbs.com/d8b00e27a4dd6f248e38c3d78f21f188","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":173506168,"type":1,"supId":0,"prevId":0,"content":"info@1-altitude.com","text":"info@1-altitude.com","html":"info@1-altitude.com"}],"langContent":"EN"},{"id":173508146,"gmtCreate":1626666805585,"gmtModify":1703763006547,"author":{"id":"3581548481060535","authorId":"3581548481060535","name":"Butt3rc00ki3","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/173508146","repostId":1197809141,"repostType":4,"repost":{"id":"1197809141","pubTimestamp":1626666663,"share":"https://www.laohu8.com/m/news/1197809141?lang=&edition=full","pubTime":"2021-07-19 11:51","market":"hk","language":"en","title":"Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen","url":"https://stock-news.laohu8.com/highlight/detail?id=1197809141","media":"Bloomberg","summary":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the fr","content":"<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.</p>\n<p>The stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.</p>\n<p>A court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.</p>\n<p>The news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.</p>\n<p>“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”</p>\n<p>Evergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.</p>\n<p>Guangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.</p>\n<p>A representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.</p>\n<p>The latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.</p>\n<p>The stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.</p>","source":"lsy1612507957220","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>Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen</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\">\nEvergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-19 11:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to...</p>\n\n<a href=\"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://finance.yahoo.com/news/evergrande-shares-bonds-slump-unit-022737268.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197809141","content_text":"(Bloomberg) -- China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay debts.\nThe stock tumbled almost 7% on Monday in Hong Kong trading, while Evergrande’s dollar bond due 2025 fell 2.3 cents on the dollar to 62.7 cents, set for its biggest drop in nearly two weeks, Bloomberg-compiled prices show.\nA court in Jiangsu province ordered the freezing of a 132 million yuan ($20 million) bank deposit held by Hengda Real Estate Group and its unit at the request of China Guangfa Bank Co., according to a court ruling released on July 13 that circulated among traders over the weekend. China Chengxin International Credit Rating Co., the country’s largest credit risk assessor, previously added Hengda Real Estate to a watch list, partly because of past-due commercial bill payments.\nThe news deepens concern over the financial health of China’s most indebted developer as Beijing cracks down on excess leverage in the property sector. Founder Hui Ka Yan met last month with officials from the country’s top financial regulator, who urged him to solve Evergrande’s cashflow problems as quickly as possible.\n“Evergrande is on the brink of a crisis,” said Shen Chen, a partner at Shanghai Maoliang Investment Management LLP. “The application for asset freezing and the recent overdue commercial bills indicate that Evergrande’s debt and liquidity situation is deteriorating. The company may find it more difficult to raise funding in the future, whether in public bond markets or shadow banking activities such as trust loans.”\nEvergrande’s main onshore subsidiary had about $32 billion of commercial bills outstanding as of December, the most of any major Chinese real estate company. Some bills issued by its units were earlier this month trading in the secondary market at implied yields as high as 36%, after a series of missed payments this year.\nGuangfa Bank said “the situation is urgent and its legal interest will be irrevocably damaged if it doesn’t immediately file the asset freeze petition,” according to the ruling.\nA representative for Evergrande didn’t immediately respond to an emailed request for comment on Monday.\nThe latest news also triggered speculation Evergrande may struggle to get approval for a special dividend at a meeting next week. The stock had jumped almost 10% on Friday after Evergrande said it will consider an additional payout to shore up its share price, which has been trading near a four-year low.\nThe stock has fallen 33% in the past three months to lead declines on the MSCI China Real Estate Index. The shares last last traded down 4.5%.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":179,"commentSize":17,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}