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China Junk Bond Yields Hit All Time High As Property Default Contagion Spreads, Home Sales Plunge 32%

China Junk Bond Yields Hit All Time High As Property Default Contagion Spreads, Home Sales Plunge 32%

BY Tyler Durden | ZeroHedge It may seem like ancient history now, with the S&P obliviously plowing ever higher, but just over a month ago stocks briefly panicked over fears that China’s property market, the largest single asset-class in the world according to Goldman… … was about to implode as a result of a domino […]

Evergrande Suspends Trading In All Bonds

Evergrande Suspends Trading In All Bonds

BY Tyler Durden | ZeroHedge Earlier today we pointed out that in what can (obviously) only be a remarkable coincidence, China’s largest, and most systematically important real estate developer, China Evergrande (and its $300+ billion in debt), collapsed on the 13th anniversary of Lehman’s bankruptcy filing, when Beijing told Evergrande’s creditor banks that the insolvent company, which […]

Evergrande Denies Rumors Of Bankruptcy As Crisis Boils Over, Social Unrest Breaks Out Across China

Evergrande Denies Rumors Of Bankruptcy As Crisis Boils Over, Social Unrest Breaks Out Across China

BY Tyler Durden | ZeroHedge China Evergrande Group, the largest and most indebted, and certainly most insolvent property developer in China, is – together with its $300+ billion in debt – rapidly approaching its “China moment.” Five days after reports of a technical default at Evergrande, which slammed China’s property market and sent Chinese junk […]