Evergrande has reportedly struck a deal to sell 51% of its property-management arm, which would raise US$5.1 billion.
However, mainland Chinese stocks were some of the most stable in the region, something of a surprise given power outages and systemic financial risk.
The big question is what Evergrande's troubles mean for China's real estate market more broadly, and the answer may be an unpleasant one.
The parent of Hainan Airlines looks set to emerge from bankruptcy after its top executives were arrested and the Chinese state stepped in.
The potential downfall of indebted developer Evergrande Group creates long and short plays, according to one investment research firm.
There are homes that could house an urban population of around 4 million now under construction by Evergrande alone.
The broad Chinese property sector, the mainland's largest single industry, is selling off in Hong Kong as investors try to work out which will be the next domino to fall.
Macau's gambling empires will undergo government reviews that likely will end with different degrees of bad for U.S. operators.
The vast empire of the developer Evergrande Group is crumbling and could collapse; what chunk of the homebuilding industry might it take with it?
The campaign against Big Tech continues in China, where Ant will likely have to carve out its consumer-loans business.