Financial Stand
Latest financial, market, economic news, stock markets, economy, and analysis from Financial Stand as it happens around the world.

Shenzhen city fund records $770 million loss on Evergrande investment

Investors holding onto 2017 stakes count costs of support to troubled developer

Shenzhen city fund records $770 million loss on Evergrande investment

Investors who injected about $20 billion into China Evergrande Group’s main operating unit five years ago are starting to count their losses amid the company’s slide into default and restructuring.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

en_USEnglish