China Evergrande Group (EGRNF)

0.16
OTC Markets
Prev Close 0.15
Day Low/High 0.15 / 0.17
52 Wk Low/High 0.15 / 1.69
Exchange OTC Markets
Shares Outstanding 13204.30B
Market Cap 1.98B
Div & Yield N.A. (N.A)

Latest News

Remember Evergrande? It's Sinking Again

Evergrande bond prices continue to decline: YIELD PRICE AXE AXE TKR CPN MTY CCY BID OFFER MID COD BID SZ ASK SZ EVERRE 8.25 Mar-22 USD 13.50 15.50 17,211.75 -2.00 0.000 0.000 EVERRE 9.5 Apr-22 USD 12.00 14.00 7993.86 -2.00 0.000 0.000 EVERRE 11.5 Ja...

Down But Still Not Out

Here is the pricing of Evergrande bonds: YIELD PRICE AXE AXE TKR CPN MTY CCY BID OFFER MID COD BID SZ ASK SZ EVERRE 8.25 Mar-22 USD 16.50 18.50 5111.48 -0.50 0.000 0.000 EVERRE 9.5 Apr-22 USD 15.00 17.00 3715.03 -0.50 0.000 0.000 EVERRE 11.5 Jan-23 ...

There Is No End in Sight For Evergrande

Evergrande's bond prices continue to melt:  -EVERRE-- YIELD PRICE AXE AXE TKR CPN MTY CCY BID OFFER MID COD BID SZ ASK SZ EVERRE 8.25 Mar-22 USD 12.00 14.00 3736.21 0.00 0.000 0.000 EVERRE 9.5 Apr-22 USD 11.00 13.00 3223.54 0.00 0.000 0.000 EVERRE 1...

Declining Evergrande Bond Prices

While investors focus on the Fed and the rotation from growth to value, China's economic lot is eroding.  The unrelenting decline in Evergrande bond prices continued today:  -EVERRE-- YIELD PRICE AXE AXE TKR CPN MTY CCY BID OFFER MID COD BID SZ ASK ...

The Evergrande Carnage Continues

Evergrande bond prices: YIELD PRICE AXE AXE TKR CPN MTY CCY BID OFFER MID COD BID SZ ASK SZ EVERRE 8.25 Mar-22 USD 14.50 16.50 2872.91 -1.50 0.000 0.000 EVERRE 9.5 Apr-22 USD 13.50 14.50 2568.14 -0.50 0.000 0.000 EVERRE 11.5 Jan-23 USD 13.00 15.00 5...

Will Asia Catch Back Up in 2022?

Will Asia Catch Back Up in 2022?

It was a disappointing year for Asian equities. Here's what to look for this year.

Here's What 2022 May Have in Store for Us

Here's What 2022 May Have in Store for Us

Which asset classes will benefit the most and how should investors be allocating their funds?

Are You Bored of Copper Yet?

Are You Bored of Copper Yet?

Doctor Copper typically tends to be much racier than most asset classes and moves in line with the economic trends of China.

Evergrande Update

* The Chinese developer fails to pay its offshore interest payments  Evergrande's financial woes are accelerating - and its shares fell by over 10% in the last few hours - but the markets are totally indifferent to it.  I am shocked by the see no ev...

Is the Bearish Sentiment About China's Financial Sector Overblown?

Is the Bearish Sentiment About China's Financial Sector Overblown?

Let's review the Global X MSCI China Financials ETF.

Evergrande, Markets, Omicron, The Week Ahead, Salesforce, Advanced Micro Devices

Evergrande, Markets, Omicron, The Week Ahead, Salesforce, Advanced Micro Devices

I think I'm likely to remain 'skinny' for now, and prioritize trading over investment at least for the next 10 business days or so.

Evergrande Warns on Debt as Smaller Developer Sunshine Defaults

Evergrande Warns on Debt as Smaller Developer Sunshine Defaults

The spotlight is back on Evergrande after it filed a stock-exchange notice that it may not be able to keep up with its debt obligations.

The Streaks End, Peloton Gadget, Rivian IPO, Utility Software, PayPal, Palantir

The Streaks End, Peloton Gadget, Rivian IPO, Utility Software, PayPal, Palantir

It was almost nice to be reminded that the saloon doors to the financial markets still swing both ways.

Developer Shimao Loses Investment Grade as Debt-Drunk Chinese Developers Flail

Developer Shimao Loses Investment Grade as Debt-Drunk Chinese Developers Flail

It's one borrower after another crumbling in China's property sector, with the Fed warning for the first time that the situation poses a U.S. threat.

Kaisa Freeze Intensifies Near -20% Losses for Chinese Developers

Kaisa Freeze Intensifies Near -20% Losses for Chinese Developers

After Kaisa was unable to make payments due on a wealth-management fund it sold to retail investors, it requested a trading halt in four linked companies.

China Wants Evergrande Founder to Pay Up

Overnight Chinese authorities have told Evergrande founder Hui Ka Yan to use his personal wealth to alleviate the Group's deepening debt crisis.  Why do I think this won't end well?

Evergrande's Bond Prices Continue to Fall

As I will be discussing this morning in a series of columns, the market's rip since last Wednesday has entirely ignored a number of headwinds.  In this post I wanted to update the continued deterioration in the prices (lower) and yields (higher) of ...

Chinese Big Tech Bounces Back From Record Lows in Hong Kong

Chinese Big Tech Bounces Back From Record Lows in Hong Kong

Alibaba shares and the Hong Kong tech index are both coming off all-time lows in Hong Kong. Whether that continues has little to nothing to do with business.

Doug Kass: Is China the Market's Black Swan?

Doug Kass: Is China the Market's Black Swan?

China's economy is basically a debt-driven Ponzi scheme.

Is China the Market's Black Swan?

* There may be no way out for China and Xi * Excessive credit is an age old problem * And China's leadership is in big trouble * Will an attack on Taiwan be a diversion aimed at uniting the Chinese? China is the engine of world economic growth - res...

Japan's New Leader Promises Stimulus Spending and Tough Stance Abroad

Japan's New Leader Promises Stimulus Spending and Tough Stance Abroad

With his popularity low, Japanese PM Fumio Kishida has called an early election to win a mandate, while pledging a 'new capitalism' to boost the middle class.

What, Me Worry? Here's Why I'm Cautious on Risky Assets Right Now

What, Me Worry? Here's Why I'm Cautious on Risky Assets Right Now

With global energy woes, China real estate troubles and Washington's potential for disappointment, I'm moving toward some old income favorites.

Evergrande to Sell Off Assets in Bid to Stay Afloat

Evergrande to Sell Off Assets in Bid to Stay Afloat

Evergrande has reportedly struck a deal to sell 51% of its property-management arm, which would raise US$5.1 billion.

Modern 'Magic' Monetary Theory Is Running Out of Gas

Modern 'Magic' Monetary Theory Is Running Out of Gas

Is this the real inflation scare? Let's see what's ahead for energy.

The Small-Time Traders Are Still Looking for Action

The Small-Time Traders Are Still Looking for Action

Here's what I found most positive about the market as the week closed out.

This Dispute Between Larry Fink and George Soros Is Ever So 'Grande'

This Dispute Between Larry Fink and George Soros Is Ever So 'Grande'

Let's take a look at the war of words on China investment between these two billionaires.

Hong Kong Market Tanks as Evergrande Property Scare Broadens

Hong Kong Market Tanks as Evergrande Property Scare Broadens

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.

World's Most-Indebted Developer Scrambles as Shares Tumble

World's Most-Indebted Developer Scrambles as Shares Tumble

China Evergrande is hustling to cut its huge borrowings, with repeat scares that its financial woes may infect the entire Chinese property market.