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CHINA EVERGRANDE FINANCIAL CRISIS
epa09482963 A man sits in front of the Evergrande Center in Shanghai, China, 23 September 2021. China Evergrande Group's central unit, Hengda Real Estate Group, announced it would settle interest payment on its Shenzhen-trade 5.8 percent September 2025 bond, according to the Group's statement on 22 September. The statement comes after a big hit on stock markets in Asia, the USA, and Europe by a significant sell-off this week since shares in Evergrande closed 10 percent lower in Hong Kong. Earlier this week, the Evergrande Group expressed its concern in a stock filing this month that the Group might not be able to meet its financial obligations. EPA/ALEX PLAVEVSKI
Instructions
License
Rights Managed
Date created
20210923
Place
SHANGHAI CHINA
Credit
KEYSTONE
Source
EPA
Byline
ALEX PLAVEVSKI
Size
8028 x 5181 px
File type
JPEG