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China Evergrande Group
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 / company

China Evergrande Group

(恒大集团)

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China Evergrande Group
China Evergrande Group
恒大集团
News and analysis about China Evergrande Group, one of the country's biggest property developers by sales volume. Coverage includes Evergrande's real estate projects in mainland China and Hong Kong, as well as its forays into so-called new energy vehicles (NEVs), and its stake in the football club Guangzhou FC, known as the Guangzhou Evergrande Football Club until 2021.
Chairman / President
Yu Fachang
CEO / Managing Director
Lin Chun
CFO / Finance Director
Wong Chun Sek
Industry
Property
Website
ebchina.com
Headquarters Address
China Everbright Center, 25 Taipingqiao Avenue, Xicheng District, Beijing, China
Stock Code
SSE: 601818
SSE: 360013
SEHK: 6818
Year Founded
1990
An abandoned Evergrande construction project is seen in Fuyang city, China’s eastern Anhui province, on April 14. Photo: AFP
China property

China’s bond market faces climbing re-defaults as property crisis drags on

Re-defaults erode credit differentiation as homebuyer confidence weakens under slow income growth and high leverage, analysts warn.

China GDP

Guangdong’s rule as China’s GDP king faces an unprecedented threat to the crown

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Accounting and auditing

PwC to pay US$128 million to Evergrande minority shareholders over audit failures

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China property

Tycoon Pan Shiyi slams China property ‘Ponzi’ as Evergrande boss pleads guilty

Writing from US in a since-deleted post, Soho China founder warns that property recovery is impossible without buyer trust, as new data shows home sales still plunging.

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An abandoned Evergrande construction project is seen on Tuesday in China’s Anhui province. The founder of the Chinese property giant has pleaded guilty to charges of fraud and bribery, a court said on Tuesday. Photo: AFP
Evergrande crisis

Founder of China’s Evergrande Group Hui Ka-yan pleads guilty in fraud trial

Milestone in downfall of company that was once the world’s largest developer is unlikely to move the market, analysts say.

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China property

Sofa so bad: China’s home-furnishing sector hits a do-or-die stretch

Falling home prices and relentless price competition are forcing small decor firms into a battle for survival.

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China's economic recovery

China’s manufacturing powerhouse cuts 2026 GDP growth target after missing mark

Guangdong province, an industrial behemoth hit by property and global headwinds, shifts focus in a strategic pivot amid national reforms.

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Employees work on a production line for an electric flying car at a factory in Guangzhou, Guangdong province, on November 6. Photo: AFP
China property

Mainland China’s home prices extend slide, deepening property downturn

New home prices fall again in December, with declines across most cities, as second-hand values plunge year on year.

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China property

China’s developers diminish further amid unending property downturn

Only 10 developers manage to break US$14 billion in 2025 sales, down from 43 in 2020.

China property

Beijing trims property resale tax in fresh push to stabilise housing market

Under new rules, sellers will pay just 3 per cent VAT if they offload a property within two years of purchase, down from 5 per cent.

Under new rules, individuals who sell a residential property within two years of buying it will pay VAT at 3 per cent instead of 5 per cent. Photo: Getty
China consumption

China vows city-specific fixes to clear housing glut, stabilise property sector

Housing minister pledges to empower local governments to buy unsold inventory and shift towards selling only finished homes with a ‘what you see is what you get’ model.

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Residential buildings are seen under construction in Fuyang, Anhui province, on December 15. Photo: Getty Images
China property

China Vanke wins bondholders’ reprieve, averts default for now

Holders of the 2 billion yuan note approve extension of grace period to January 28, but deny proposal to defer principal payment for a year.

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China property

China Vanke’s managers have no plans to sell shares as firm fights for survival

Vanke, responding to queries from investors, says top managers have not notified it about their intentions so far.

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China property

Vanke’s bondholders reject payment extension, raising default risk

The rejection in a three-day vote that ended late on Friday gives the developer a grace period of five business days to pay 2 billion yuan of onshore bond.

The construction site of a residential complex being built by Chinese real estate developer Vanke in Nanjing in eastern China’s Jiangsu province on February 13, 2025. Photo: AFP
Banking & finance

Hong Kong launches HKEX Tech 100 Index in pivot towards innovation-driven growth

Unveiling of benchmark tracking Hong Kong-listed tech firms comes amid a wave of property stock delistings.

The HKEX Tech 100 Index “covers the leading innovative sectors in our listed issuer universe that have transformed the DNA of Hong Kong’s markets”, says HKEX CEO Bonnie Chan. Photo: Handout
China property

UBS predicts 2.4 million China property foreclosures as loan defaults rise

Apartments seized from small businesses could reach more than 2.4 million by 2027, according to UBS’ John Lam.

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China property

As I see it | China’s extended property slump was always expected

History has shown that when real estate bubbles burst, the economic damage is usually severe and prolonged.

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China property

China Vanke hit with fresh S&P downgrade amid mounting default concerns

Once a bellwether for China’s property sector, China Vanke now faces a CCC- rating, negative CreditWatch and a tight refinancing window.

The downgrade reflected Vanke’s “unsustainable” financial commitments, according to S&P ratings agency. Photo: Shutterstock
Hong Kong

Joy City’s Hong Kong exit throws mainland China’s property strains into relief

Cofco’s Joy City Property is quitting the Hong Kong bourse after 12 years, joining the wave of mainland developers that have already exited.

China property

UBS’ China property optimist retreats from bullish calls, foresees deeper slump

Home prices in mainland China are expected to fall for at least another two years as more people prefer renting over buying, John Lam says.

China property

Evergrande’s iconic Canadian hotel to be sold after default

Fairmont Le Chateau Montebello has hosted luminaries including Grace Kelly and Margaret Thatcher.

A view of the Fairmont Le Chateau Montebello historical site and park in Quebec, Canada. Photo: Shutterstock
China property

Evergrande liquidators set month-end deadline for bids on property services unit

Liquidators caution that the sale of Evergrande Property Services is at a preliminary stage and many of the details have yet to be finalised.

Liquidators are exploring the sale of China EVergrande Group’s property services unit. Photo: EPA-EFE
China property

Chinese developer’s property management arm hit by share seizure in Hong Kong

More than 72 per cent of Redsun Services Group’s shares are seized as Chinese developer’s debt woes deepen after defaulting on a pledge.

China's economic recovery

China’s micro-drama craze turns idle real estate projects into lavish film sets

The fast-growing entertainment sector brings life to vacant buildings, but industry insiders say the broader impact remains limited.

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China property

US advisory firm Alvarez & Marsal plans major expansion in China

A&M’s core businesses in China have rapidly expanded in response to rising demand from local corporations, the firm says.

Alvarez & Marsal plans to further expand its presence in China. Photo: Reuters
China property

Hong Kong court names Evergrande’s liquidators as receivers of founder’s assets

‘There is a total failure on the part of Hui to comply with the disclosure order,’ writes Justice Herbert Au-yeung Ho-wing.

Hui Ka Yan of China Evergrande. Photo: AFP
China property

China’s property sector shows fragile signs of stabilisation amid ongoing challenges

August figures continued their month-on-month decline, though the sluggish sector’s year-on-year numbers narrowed marginally.

Hong Kong

Evergrande eyes sale of stake in US$1.3 billion property services unit

Evergrande liquidators explore sale as soon as November after receiving non-binding offers.

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