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Kaisa Misses Payment; Evergrande Holders Eye Founder's Assets
Posted
November 5, 2021
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November 5, 2021
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4:53Now PlayingThe debt woes in China's property market continues. Shares of Kaisa Group Holdings Ltd. and several units were suspended from trading in Hong Kong on Friday morning, a day after the developer said it missed payments on wealth products it guaranteed. Meanwhile, the personal balance sheet of China Evergrande Group's founder has become a key variable for bond investors trying to game out how long the developer can stave off default. Stephen Engle reports on "Bloomberg Markets: Asia."
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