China: Evergrande suspends shares in Hong Kong as firm tries to raise cash
The move comes as the debt-laden property developer struggles to raise cash to meet its obligations. …
Authorities have also signalled that they have no intention of bailing out Evergrande, and its billionaire founder, because it would go against President Xi Jinping’s “Common Prosperity” policies, which aim to distribute wealth more fairly throughout society.
About The Author
