Thursday, Sep 16, 2021
Focus on the big picture

Angry protest at headquarters of China Evergrande as property giant faces liquidity crunch

SCMP, 15 Sep 2021
Subscribe to our YouTube channel for free here:
https://sc.mp/subscribe-youtube

Chaotic scenes erupted at the Shenzhen headquarters of the cash-strapped property developer China Evergrande Group on September 13, 2021. About 100 disgruntled investors crowded the office lobby to demand repayments of loans and financial products. The protest came amid worries that the country's most indebted developer, with liabilities of 1.97 trillion yuan (US$305 billion), will be unable to repay investors and that its debt woes could pose systemic risks to China's financial system.

Related story:
Evergrande hires advisers who helped fix troubles at Lehman, Noble Group https://sc.mp/9tf2

Support us:
https://subscribe.scmp.com

Follow us on:
Website: https://www.scmp.com
Facebook: https://facebook.com/scmp
Twitter: https://twitter.com/scmpnews
Instagram: https://instagram.com/scmpnews
Linkedin: https://www.linkedin.com/company/south-china-morning-post/

#scmp #China #ChinaEvergrandeGroup
Related Articles