Evergrande Crisis

Chinese stock markets resumed their sell-off, falling sharply on Tuesday despite recent efforts by the government to slow the pace of the decline. Hong Kong‘s Hang Seng index fell 2.3% while the Shanghai Composite shed 1.8%. Property stocks were among the biggest fallers. Hang Lung Properties...

In a week’s time, China is expected to report that its population fell for a second-consecutive year as post-lockdown Covid deaths spiked and low birth rates continued. The data are expected to show that for the first time in more than 60 years, deaths outnumbered births. This has deep...

China’s Most Indebted Property Developer, China Evergrande Group (OTC:EGRNF), has Filed For Chapter 15 Bankruptcy Protection In A U.S. Court. According to Reuters, the filing occurred on Thursday, August 17. The company, facing a severe debt crisis, sought protection under Chapter 15 of the U...

Shares of Alibaba Group Holding Limited (NYSE: BABA), JD.Com Inc. (NASDAQ: JD), Baidu Inc. (NASDAQ: BIDU), Xpeng Inc. (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI) fell in Hong Kong on Thursday, while Tencent Holdings Inc. (OTC: TCEHY) traded higher. What’s Moving: Chinese e-commerce giant...

Shares of Alibaba Group Holding Limited (NYSE: BABA), JD.Com Inc. (NASDAQ: JD), Xpeng Inc. (NYSE: XPEV), Li Auto Inc. (NASDAQ: LI) and Tencent Holdings Inc. (OTC: TCEHY) are advancing in Hong Kong on Tuesday, while Baidu Inc. (NASDAQ: BIDU) is declining. What’s Moving: Chinese e-commerce...

Shares of Alibaba Group Holding Limited (NYSE: BABA), Baidu Inc. (NASDAQ: BIDU), Xpeng Inc. (NYSE: XPEV) and Li Auto Inc. (NASDAQ: LI) are all trading lower in Hong Kong on Monday, while Tencent Holdings Inc. (OTC: TCEHY) and JD.Com Inc. (NASDAQ: JD) are rising. What’s Moving: Chinese e-...

Shares of Alibaba Group Holding Limited (NYSE: BABA), Li Auto Inc. (NASDAQ: LI), JD.Com Inc. (NASDAQ: JD), Tencent Holdings Limited (OTC: TCEHY) and Baidu Inc. (NASDAQ: BIDU) are all trading higher in Hong Kong on Thursday, while Xpeng Inc.'s (NYSE: XPEV) shares declined. What’s Moving:...

The stock markets in mainland China opened lower on Wednesday following the long weekend holiday for the Mid-Autumn Festival. What’s Moving: The benchmark Shanghai Composite Index fell more than 1% in early trade but has pared losses and is down 0.4% at the time of writing. The Index closed...

Some of the biggest technology companies continue to see their shares plunge in Hong Kong amid the Evergrande crisis on Tuesday. What Happened: Alibaba Group Holding Ltd. (NYSE: BABA) shares are trading 2.1% lower at HKD 148.30 at press time in Hong Kong. JD.Com Inc. (NASDAQ: JD) stock is down 1.63...