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Evergrande Real Estate Group

  • Wednesday, 11 December, 2024
    Due Diligence
    Chicken wing and Shakira-backed debt floods Wall Street Premium content

    Plus, Evergrande’s liquidators go after a private jet and an $800bn asset manager prepares to sue over Credit Suisse debt wipeout

    Shakira crowd surfing
  • Tuesday, 10 December, 2024
    China Evergrande liquidators put founder’s private jet up for sale

    Airbus plane was one of several markers of wealth amassed by Hui Ka Yan during now-collapsed developer’s boom years

    The company logo of Evergrande at its HQ in Shenzhen, China
  • Monday, 30 September, 2024
    Business InsightEleanor Olcott
    Signs of China’s troubles around Hainan’s white beaches

    Province is scattered with unfinished projects conceived when country’s growth appeared unassailable

    Ocean Flower Island, the artificial archipelago off the north coast of Danzhou in Hainan
  • Friday, 13 September, 2024
    PwC
    PwC banned for 6 months in China for ‘concealing fraud’ at Evergrande

    Big Four firm pays $62mn fine and fires 11 staff over audit of collapsed developer

    The exterior of the PwC Center in Shanghai, China, showing the "pwc" logo prominently displayed on the building
  • Monday, 9 September, 2024
    PwC
    PwC to parachute in UK partner to run scandal-hit China business

    Leadership switch comes as accounting firm faces punishment over audit of failed developer Evergrande

    The PwC office in Shanghai, China. The building's signage displays both the PwC logo and its name in Chinese characters.
  • Wednesday, 21 August, 2024
    PwC
    PwC braced for 6-month ban in China over Evergrande audit

    Expected punishment for work on failed property developer’s accounts would be toughest by Beijing against a Big Four firm

    A combination image of the PwC logo and unfinished residential towers
  • Tuesday, 6 August, 2024
    PwC
    China Evergrande liquidators launch legal action against PwC

    Filings to Hong Kong court accuse Big Four auditor of ‘negligence’ in its work for collapsed Chinese property group

    An abandoned construction site at the near-deserted Evergrande City Plaza shopping mall, developed by China Evergrande Group, in Beijing
  • Monday, 5 August, 2024
    China Evergrande liquidators seek $6bn from Hui Ka Yan and colleagues

    Hong Kong court proceedings aim at global assets of failed property group’s founder and top executives

    A person climbs steps at a shopping mall developed by Evergrande in Beijing
  • Monday, 1 July, 2024
    The Big Read
    The foreign investors left stranded in Evergrande’s web of Chinese debt

    Overseas bondholders have discovered to their cost that they have little recourse in the Chinese system when boom turns to bust

    A descending graph line passes a photograph of residential buildings
  • Wednesday, 22 May, 2024
    PwC
    PwC faces crisis in China over audit of failed property giant Evergrande

    Role in approving accounts has led to infighting at Big Four firm as clients reconsider relationship

    Raymund Chao, Asia-Pacific chair of PwC, left, and Hui Ka Yan, founder of Evergrande, with the logo of PwC and an Evergrande building in the background
  • Friday, 19 April, 2024
    PwC
    PwC’s Evergrande audits set to face new probe by Hong Kong regulator

    Apparent whistleblower report cites concerns over firm’s work for collapsed Chinese developer

    A man walks past an Evergrande Group residential complex called Evergrande Palace in Beijing
  • Monday, 18 March, 2024
    Chinese authorities accuse Evergrande of inflating revenues by $80bn

    Preliminary decision by regulator marks first detailed allegations against developer and its founder Hui Ka Yan

    An unfinished residential compound developed by China Evergrande Group
  • Thursday, 7 March, 2024
    The Lehman liquidators taking on China’s Evergrande

    Alvarez & Marsal duo face more complex case with troubled property developer

    Montage of China Evergrande logo, banknotes and high-rise buildings
  • Saturday, 17 February, 2024
    PwC
    Liquidators for China’s Evergrande prepare to sue PwC over audits

    Big Four firm audited the highly indebted developer as it grew fast during China’s real estate boom

    A montage of the pair and an Evergrande property development
  • Saturday, 3 February, 2024
    Person in the News
    Hui Ka Yan: the Evergrande tycoon faces his downfall

    Once the richest man in China, the liquidation of his property empire marks the end of an era

    Joe Cummings illustration of Person in the News Hui Ka Yan.
  • Tuesday, 30 January, 2024
    News in-depth
    Evergrande liquidation to test Hong Kong’s legal reach in mainland China

    International investors’ hopes of recovery from indebted developer depend on courts across the border

    Rows of tower blocks seen from the air
  • Tuesday, 30 January, 2024
    FT News Briefing podcast10 min listen
    China’s not so Evergrande

    Indebted property group fails to agree restructuring plan with creditors

  • Monday, 29 January, 2024
    The FT ViewThe editorial board
    The many cautionary tales in China Evergrande’s demise

    Liquidation of developer raises the alarm over Beijing’s economic malaise

    A child on a slide in front of unfinished apartment buildings at the construction site of a China Evergrande Group development in Wuhan, China
  • Monday, 29 January, 2024
    Chinese developer Evergrande ordered to be wound up by Hong Kong court

    Indebted property group fails to agree restructuring plan with creditors

    An Evergrande housing complex in Beijing
  • Monday, 29 January, 2024
    Lex
    Evergrande is the teetering domino that can topple its real estate peers Premium content

    Property prices in China could take yet another hit from deconstruction of the indebted developer

    An Evergrande housing complex in Beijing, China
  • Monday, 8 January, 2024
    China detains executive of Evergrande’s electric vehicle unit

    Development comes ahead of winding up hearing for indebted property developer later this month

    The factory of China Evergrande New Energy Vehicle Group in Tianjin, China
  • Monday, 4 December, 2023
    Lex
    Evergrande: liquidation would leave China with 1.5mn angry homebuyers Premium content

    Offshore creditors have shown little enthusiasm for the group’s debt restructuring proposals, and one cannot blame them

    Aerial photo showing the Evergrande logo on residential buildings in Nanjing, China
  • Monday, 4 December, 2023
    Chinese developer Evergrande wins more time for restructuring deal

    Hong Kong court gives indebted group until January to refine proposal to creditors

    A picture of the Evergrande group logo
  • Sunday, 3 December, 2023
    Evergrande creditors make last push to avert liquidation order

    Indebted Chinese property developer faces winding-up demand in Hong Kong court on Monday

    A woman walks by a map showing Evergrande development projects in China
  • Friday, 1 December, 2023
    Restructure or liquidate? Deadline looms for China’s Evergrande

    Heavily indebted developer must come up with a plan before crucial court hearing on Monday

    A person rides a scooter past an Evergrande construction site
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