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20 Sep, 4 tweets, 5 min read
Shares of #Evergrande open 1.57% lower in Hong Kong on Monday morning.
On Saturday, Evergrande Wealth Management says has already started the process of physical assets redemption.
#HongKong #Evergrande #StockMarket
Stocks related to Evergrande continue the downward trend in #HongKong.
The gauge tracking the #Evergrande-backed sector drops 4.8%, with China Evergrande Group -9.5%, Evergrande NEV -4%, Evergrande Property Services -5.2% and HengTen Networks -5.6%.
#StockMarket
Shares of #Evergrande in #HongKong extend losses to 16.1% as its sell-off deepens.
#StockMarket
#Sunac China slumps nearly 10% in #HongKong on Sept 20 morning to the lowest level since August 2017.
#China #StockMarket #realestate

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More from @Sino_Market

CN Wire Profile picture
20 Sep
🇭🇰Hang Seng Index drops 1.1% in the morning session in #HongKong, with Ping An Insurance down 5.4%.

🇸🇬FTSE China A50 index futures traded in #Singapore fall nearly 2% in the morning session.
#StockMarket #PingAn
Hang Seng Index continues to decrease rapidly, down 2%.
#HongKong #Hangseng #StockMarket
China #Pingan shares in Hong Kong drop as much as 6.8% on Monday though the company said PA insurance funds have zero exposure, neither equity nor debt, including China #Evergrande, other investment exposures risks are under control.
Read 11 tweets
CN Wire Profile picture
18 Sep
Britain's business minister held emergency talks with the heads of the UK's largest energy suppliers and operators on Saturday to discuss a surge in gas prices that threatens a range of industries including suppliers of meat and poultry.
#OOTT #ONGT
reuters.com/world/uk/briti…
#UK business minister says he was reassured by energy bosses that security of supply was not an issue. #OOTT #ONGT
#UK business minister says protecting customers during a time of heightened global gas prices is an absolute priority, gas and electricity supply will continue uninterrupted if a supplier fails and we are confident gas supply can be maintained. #OOTT #ONGT
Read 4 tweets
CN Wire Profile picture
17 Sep
China Evergrande's lenders weigh up loan losses, rolling over credit - RTRS cites sources
#EvergrandeGroup #Evergrande
Agricultural Bank of China has made some loan loss provisions for some of its Evergrande exposures. China Minsheng Banking Corp’s loan exposure to Evergrande cut to 30 bln yuan from 40 bln in past year.
#EvergrandeGroup #Evergrande
It is possible the government may step in to manage an orderly collapse of #Evergrande, said two banking sources familiar with the matter. "And the regulators have done related risk evaluation among the financial institutions before letting it happen," one of them said.
Read 4 tweets
CN Wire Profile picture
17 Sep
#ECB's De Cos: Current conditions don't allow for rate hike in 2023. $EUR
#ECB's De Cos: Conclusion of FT report incompatible with ECB guidance. $EUR
#FYI: FT headline says unpublished ECB inflation estimate raises prospect of earlier rate rise.
#ECB inflation outlook likely to be revised higher, doesn’t see 2% price goal reached in medium-term: Kazaks
$EUR
Read 5 tweets
CN Wire Profile picture
30 Jul
China's Politburo held a meeting to analyze the current economic situation and economic work, presided over by General Secretary Xi Jinping.
#China #Economy
#China says economic recovery is not solid yet.
China to improve overseas listing supervision system.
#China #Didi
Read 10 tweets
CN Wire Profile picture
30 Jul
Hang Seng Index opens 1.1% lower.
Hang Seng Tech Index opens 3.2% lower, #Bilibili down 6.0%, #Meituan down 4.5% and #Alibaba down 4.8%.
#China #Hang #StockMarket $BABA $BILI
FTSE China A50 Index futures extend losses to 2%.
#China #StockMarket #China50
FTSE China A50 Index futures fall 3%.
#China #StockMarket #China50FTSE
Read 4 tweets

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