Broadcast|The Big Fours Quitting Auditing For CCP-linked Listed Real Estate Enterprises

Broadcast|The Big Fours Quitting Auditing For CCP-linked Listed Real Estate Enterprises

New York, NY, April 2nd – Several CCP-linked listed real estate enterprises have postponed the release of their 2021 fiscal year statements.
The Big Fours Quitting Auditing For CCP-linked Listed Real Estate Enterprises

The Big Fours Quitting Auditing For CCP-linked Listed Real Estate Enterprises

New York, NY, April 2nd – Several CCP-linked listed real estate enterprises have postponed the release of their 2021 fiscal year statements. Meanwhile, multinational accounting firms are quitting the auditing process for those companies. As a result, all auditing processes are transferred to a local audit company in Hong Kong. Chinese real estate companies are facing more debacles other than the huge incoming debt crisis.
Evergrande President Xia Haijun Has Cashed out US$300 Million Before the Company’s Debt Crisis

Evergrande President Xia Haijun Has Cashed out US$300 Million Before the Company’s Debt Crisis

According to the information disclosed by Hong Kong Stock Exchange on February 9, Xia Haijun, the vice chairman and president of China Evergrande Group, sold the firm’s bonds with a face value of US$128 million before the company fell into debt crisis last year. At the same time, Xia Haijun sold Evergrande shares that were worth US$184 million. The two total cash-out was USD$300 million.
Another Real Estate Company in Communist China Is in Crisis, Shinsun Group Is Facing a 100 Billion Dollar Debt Crisis

Another Real Estate Company in Communist China Is in Crisis, Shinsun Group Is Facing a 100 Billion Dollar Debt Crisis

Chinese Communist Party state-owned real estate company Shinsun Group is facing short-term debt repayment, with one of the company's U.S. dollar bonds less than a month away from its maturity date and Shinsun's total liabilities already exceeding CNY150 billion, according to a Jan. 2 report in The Epoch Times. As of the end of June 2021, the total assets of Shinsun Holdings reached RMB 172.656 billion, of which total liabilities amounted to RMB 153.093 billion, with a book-to-bill gearing ratio of 88.67%. Among its total liabilities, current liabilities amounted to RMB128.764 billion and interest-bearing liabilities amounted to RMB46.211 billion.
Broadcast|CCP Real Estate Developers Face Huge Debt Maturities

Broadcast|CCP Real Estate Developers Face Huge Debt Maturities

Mr. Miles Guo analyzed that once the CCP real estate debt implodes, the Chinese banking, insurance, and other financial sectors will collapse one after another, the global economy will face a great depression as well.
CCP Real Estate Developers Face Huge Debt Maturities

CCP Real Estate Developers Face Huge Debt Maturities

Mr. Miles Guo analyzed that once the CCP real estate debt implodes, the Chinese banking, insurance, and other financial sectors will collapse one after another, the global economy will face a great depression as well.
Sinic Holdings Is in Deep Debt Crisis, Unable To Repay the Maturing USD Bonds

Sinic Holdings Is in Deep Debt Crisis, Unable To Repay the Maturing USD Bonds

On December 22, Sinic Holdings, a CCP real estate development company in deep debt crisis, issued an announcement that it expects to be unable to repay its upcoming US dollar bonds.
KAISA GROUP, Deep in Debt Crisis, Plans To Extend $400 Million Bonds for a Year and a Half

KAISA GROUP, Deep in Debt Crisis, Plans To Extend $400 Million Bonds for a Year and a Half

On Nov. 24, Chinese Communist Party real estate developer Kaisa Group, which is mired in a debt crisis, recently planned to extend a $400 million bond due to mature for a year and a half, according to two people familiar with the matter.
CCP Forces Xu Jiayin to Repay Evergrande’s Debt from his Personal Wealth

CCP Forces Xu Jiayin to Repay Evergrande’s Debt from his Personal Wealth

On October 26th, CCP authorities requested Xu Jiayin to facilitate the response to the growing debt crisis with his personal wealth, according to people briefed on the matter.
CCP Asks Xu Jiayin To Pay From His Own Pocket To Ease Evergrande’s Debt Crisis

CCP Asks Xu Jiayin To Pay From His Own Pocket To Ease Evergrande’s Debt Crisis

CCP authorities have asked Evergrande founder Xu Jiayin to use his personal assets to ease the group's debt crisis, Bloomberg reported on Oct. 26.
Broadcast|Zambia Is in Debt Crisis and Social Unrest after a Decade in the Belt and Road Initiative

Broadcast|Zambia Is in Debt Crisis and Social Unrest after a Decade in the Belt and Road Initiative

The finance and national minister of Zambia said on Tuesday, the country’s external debt is at $14.48 billion, much higher than the earlier figure of $12.91 billion, a 12% increase over the estimated value.
Broadcast|Fantasia Holdings Group in trouble due to overdue debt

Broadcast|Fantasia Holdings Group in trouble due to overdue debt

After previously breaking the news that Evergrande Group was in debt crisis, Fantasia Holdings Group, a well-known Chinese real estate major, is in crisis after failing to repay $206 million U.S. dollar bound on Oct. 4. Following the news, the real estate company’s dollar-denominated bonds fell to a record low of 5 cents on the dollar.
Zambia Is in Debt Crisis and Social Unrest after a Decade in the Belt and Road Initiative

Zambia Is in Debt Crisis and Social Unrest after a Decade in the Belt and Road Initiative

The finance and national minister of Zambia said on Tuesday, the country's external debt is at $14.48 billion, much higher than the earlier figure of $12.91 billion, a 12% increase over the estimated value.
Fantasia Holdings Group in trouble due to overdue debt

Fantasia Holdings Group in trouble due to overdue debt

After previously breaking the news that Evergrande Group was in debt crisis, Fantasia Holdings Group, a well-known Chinese real estate major, is in crisis after failing to repay $206 million U.S. dollar bound on Oct. 4. Following the news, the real estate company's dollar-denominated bonds fell to a record low of 5 cents on the dollar.
Bloomberg Analysis: Besides Evergrande, Many CCP China’s Developers Are Also Facing Debt Crisis

Bloomberg Analysis: Besides Evergrande, Many CCP China’s Developers Are Also Facing Debt Crisis

10/4/2021 Bloomberg analysis: Besides Evergrande, many CCP China’s developers are also facing debt crisis.
Xu Jiayin’s Poker Pal Joseph Lau Heads for Exit

Xu Jiayin’s Poker Pal Joseph Lau Heads for Exit

9/28/2021 Bloomberg: Xu Jiayin’s poker pal Joseph Lau is exiting Evergrande with Chinese Estate Holdings paring back and his wife cashing her personal Evergrande shares.
Evergrande Wealth P2P Product Defaults Whilst Victims Gather To Demand Justice

Evergrande Wealth P2P Product Defaults Whilst Victims Gather To Demand Justice

9/11/2021 Evergrande Wealth P2P product defaults whilst victims gather in front of Shenzhen Municipality to demand justice. A victim gets emotional when she stops a leader’s car ride.
Victims of Evergrande Wealth Scams Gathering & Demanding Justice

Victims of Evergrande Wealth Scams Gathering & Demanding Justice

9/10/2021 Victims of Evergrande Wealth scams are gathering and demanding justice from Evergrande branches.
Evergrande Staff Gather & Demand Their Hard-Earned Salary To Be Duly Paid

Evergrande Staff Gather & Demand Their Hard-Earned Salary To Be Duly Paid

On September 6th, Evergrande Huangshi branch sales staff gathered and demanded their salary to be paid. On September 10th, Evergrande staff gathered and demanded their salary to be paid.
Evergrande Has Been Unable To Pay Interest Due Next Week

Evergrande Has Been Unable To Pay Interest Due Next Week

9/15/2021 Rebecca Choong Wilkins reports in an interview with Bloomberg that Evergrande won't pay the interest due next week. Meanwhile, there are signs that they are intending to restructure.
Bloomberg Analyst on Evergrande’s Debt Crisis

Bloomberg Analyst on Evergrande’s Debt Crisis

9/10/2021 Bloomberg analyst on Evergrande’s debt crisis.