China Evergrande Group
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China Evergrande Group

(恒大集团)

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China Evergrande Group
China Evergrande Group
恒大集团
News and analysis about China Evergrande Group, one of the country's biggest property developers by sales volume. Coverage includes Evergrande's real estate projects in mainland China and Hong Kong, as well as its forays into so-called new energy vehicles (NEVs), and its stake in the football club Guangzhou FC, known as the Guangzhou Evergrande Football Club until 2021.
Chairman / President
Yu Fachang
CEO / Managing Director
Lin Chun
CFO / Finance Director
Wong Chun Sek
Industry
Property
Website
ebchina.com
Headquarters Address
China Everbright Center, 25 Taipingqiao Avenue, Xicheng District, Beijing, China
Stock Code
SSE: 601818
SSE: 360013
SEHK: 6818
Year Founded
1990
New construction rises in a residential area in Hangzhou, in eastern China’s Zhejiang province, on January 5, 2026. Photo: CFOTO/Future Publishing via Getty Images
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China’s developers diminish further amid unending property downturn

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China Vanke wins bondholders’ reprieve, averts default for now

Holders of the 2 billion yuan note approve extension of grace period to January 28, but deny proposal to defer principal payment for a year.

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Vanke is the last major Chinese real estate firm to so far have avoided reneging on its debts amid the multi-year real estate crisis. Photo: AFP
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China Vanke’s managers have no plans to sell shares as firm fights for survival

Vanke, responding to queries from investors, says top managers have not notified it about their intentions so far.

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Vanke’s bondholders reject payment extension, raising default risk

The rejection in a three-day vote that ended late on Friday gives the developer a grace period of five business days to pay 2 billion yuan of onshore bond.

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Banking & finance

Hong Kong launches HKEX Tech 100 Index in pivot towards innovation-driven growth

Unveiling of benchmark tracking Hong Kong-listed tech firms comes amid a wave of property stock delistings.

The HKEX Tech 100 Index “covers the leading innovative sectors in our listed issuer universe that have transformed the DNA of Hong Kong’s markets”, says HKEX CEO Bonnie Chan. Photo: Handout
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UBS predicts 2.4 million China property foreclosures as loan defaults rise

Apartments seized from small businesses could reach more than 2.4 million by 2027, according to UBS’ John Lam.

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As I see it | China’s extended property slump was always expected

History has shown that when real estate bubbles burst, the economic damage is usually severe and prolonged.

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China Vanke hit with fresh S&P downgrade amid mounting default concerns

Once a bellwether for China’s property sector, China Vanke now faces a CCC- rating, negative CreditWatch and a tight refinancing window.

The downgrade reflected Vanke’s “unsustainable” financial commitments, according to S&P ratings agency. Photo: Shutterstock
Hong Kong

Joy City’s Hong Kong exit throws mainland China’s property strains into relief

Cofco’s Joy City Property is quitting the Hong Kong bourse after 12 years, joining the wave of mainland developers that have already exited.

After 12 years, Joy City Property is delisting from the Hong Kong bourse. Photo: Jelly Tse
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UBS’ China property optimist retreats from bullish calls, foresees deeper slump

Home prices in mainland China are expected to fall for at least another two years as more people prefer renting over buying, John Lam says.

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Evergrande’s iconic Canadian hotel to be sold after default

Fairmont Le Chateau Montebello has hosted luminaries including Grace Kelly and Margaret Thatcher.

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Evergrande liquidators set month-end deadline for bids on property services unit

Liquidators caution that the sale of Evergrande Property Services is at a preliminary stage and many of the details have yet to be finalised.

Liquidators are exploring the sale of China EVergrande Group’s property services unit. Photo: EPA-EFE
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Chinese developer’s property management arm hit by share seizure in Hong Kong

More than 72 per cent of Redsun Services Group’s shares are seized as Chinese developer’s debt woes deepen after defaulting on a pledge.

The seizure has “no significant impact” on the business operation, financial conditions and solvency of the company, according to Redsun Services Group. Photo: Handout
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China’s micro-drama craze turns idle real estate projects into lavish film sets

The fast-growing entertainment sector brings life to vacant buildings, but industry insiders say the broader impact remains limited.

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US advisory firm Alvarez & Marsal plans major expansion in China

A&M’s core businesses in China have rapidly expanded in response to rising demand from local corporations, the firm says.

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Hong Kong court names Evergrande’s liquidators as receivers of founder’s assets

‘There is a total failure on the part of Hui to comply with the disclosure order,’ writes Justice Herbert Au-yeung Ho-wing.

Hui Ka Yan of China Evergrande. Photo: AFP
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China’s property sector shows fragile signs of stabilisation amid ongoing challenges

August figures continued their month-on-month decline, though the sluggish sector’s year-on-year numbers narrowed marginally.

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Evergrande eyes sale of stake in US$1.3 billion property services unit

Evergrande liquidators explore sale as soon as November after receiving non-binding offers.

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Hong Kong stocks gain the most in 2 weeks after Fed’s Powell hints at rate cut

Mainland developers Longfor, Vanke and China Resources Land jump after Shanghai eases property-buying rules.

Hong Kong stocks made a positive start to the week on Monday. Photo: Jelly Tse
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Editorial | Evergrande delisting brings painful economic chapter to a close

The move comes at the right time as the Hong Kong stock exchange must maintain the integrity of listed companies and its own credibility.

An unfinished residential compound developed by China Evergrande Group is seen on the outskirts of Shijiazhuang, Hebei province, on February 1, 2024. Photo: Reuters
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China’s home prices slide as support measures fail to budge sentiment

Drop in new home prices across 70 major cities matches the previous month, which was the sharpest decline since October.

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Hong Kong developer Road King defaults on debt payments

Listed firm suspends nearly US$80 million in interest payments and distributions while seeking restructuring discussions with creditors.

A view of Crescent Green, developed by Road King Infrastructure, in Kam Tin North, Yuen Long. Photo: Handout
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Chinese families in ‘broken houses’; PLA’s warning: SCMP daily highlights

From China sanctioning two European banks to a Chinese-owned aircraft detained in Russia, here’s a round-up from today’s coverage.

A file picture of the guided-missile destroyer USS Higgins, which has entered the South China Sea, according to the PLA Southern Theatre Command. Photo: Getty Images
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4 years after Evergrande crash, Chinese families still stuck in ‘broken houses’

China’s faltering property sector continues to be a drag on consumption, with much of middle class wealth stored in homes that have not regained value.

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Evergrande crisis

Liquidators hire UBS and Citic to sell Evergrande’s property services unit

Court-appointed liquidators are working with UBS Group and Citic Securities to seek potential buyers for the subsidiary, Evergrande Property Services Group.

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