China police detain some Evergrande wealth management staff

Evergrande, the world's most indebted property developer, is currently undergoing a debt restructuring process and has delayed a decision on offshore debt restructuring. Moody's recently downgraded the outlook on China's property sector to negative due to economic challenges that could hinder sales despite government support.

Sep 17, 2023 - 10:30
China police detain some Evergrande wealth management staff
Evergrande, the world's most indebted property developer, is currently undergoing a debt restructuring process and has delayed a decision on offshore debt restructuring. Moody's recently downgraded the outlook on China's property sector to negative due to economic challenges that could hinder sales despite government support.