Legitimate https://legitimate.net/ Legitimate: Recent articles en-us 20 Evergrande to Raise $1.5 Billion by Selling Bank Stake to State-Owned Firm China Evergrande plans to raise about $1.5 billion by selling most of its minority stake in a Chinese bank to a state-owned enterprise, an indication that authorities are moving to contain the fallout from its financial difficulties. 29 Sep 2021 08:47 UTC https://www.wsj.com/articles/evergrande-to-raise-1-5-billion-by-selling-bank-stake-to-state-owned-firm-11632880557 https://www.wsj.com/articles/evergrande-to-raise-1-5-billion-by-selling-bank-stake-to-state-owned-firm-11632880557 Xie Yu banking Commercial Banking Real Estate Services/Transactions Banking/Credit Real Estate/Construction Sunac Leads Rebound in Chinese Property Stocks The real-estate developer played down a leaked request for government help, and the country’s central bank said it wants healthy development of the property market. 28 Sep 2021 09:22 UTC https://www.wsj.com/articles/sunac-leads-rebound-in-chinese-property-stocks-11632820978 https://www.wsj.com/articles/sunac-leads-rebound-in-chinese-property-stocks-11632820978 Xie Yu chartlos Real Estate Services/Transactions Property Managers Real Estate/Construction Real Estate Evergrande Worries Help Fuel Selloff at Chinese Developer Sunac Investors sold down securities after a leaked document showed a Sunac China Holdings unit asking for government help to ease its liquidity difficulties. 27 Sep 2021 12:12 UTC https://www.wsj.com/articles/evergrande-worries-help-fuel-selloff-at-another-chinese-developer-11632744765 https://www.wsj.com/articles/evergrande-worries-help-fuel-selloff-at-another-chinese-developer-11632744765 Xie Yu Real Estate Services/Transactions Property Managers Real Estate/Construction Real Estate Corporate/Industrial News U.S. Futures Advance, Hong Kong Stocks Stabilize U.S. futures rose, suggesting American markets could regain some ground Tuesday after concerns about the Chinese property sector helped fuel a global selloff in the previous session. 21 Sep 2021 05:52 UTC https://www.wsj.com/articles/global-stock-markets-dow-update-09-21-2021-11632194025 https://www.wsj.com/articles/global-stock-markets-dow-update-09-21-2021-11632194025 Xie Yu stock market today wall street stock market news markets today stock news How Beijing’s Debt Clampdown Shook the Foundation of a Real-Estate Colossus In a risky race against time that ran for two decades, China Evergrande turned billions of dollars in borrowed money into the dream of homeownership for millions, but now the party has ended. 18 Sep 2021 09:30 UTC https://www.wsj.com/articles/how-beijings-debt-clampdown-shook-the-foundation-of-a-real-estate-colossus-11631957400 https://www.wsj.com/articles/how-beijings-debt-clampdown-shook-the-foundation-of-a-real-estate-colossus-11631957400 Xie Yu Building Construction Residential Building Construction Real Estate Services/Transactions Construction Real Estate/Construction Evergrande’s Woes Fuel Selloff in Chinese Property Shares A selloff in Chinese property stocks intensified, as concern mounted about the effects of an official campaign to rein in the sector. 16 Sep 2021 07:38 UTC https://www.wsj.com/articles/evergrandes-woes-fuel-selloff-in-chinese-property-shares-11631777912 https://www.wsj.com/articles/evergrandes-woes-fuel-selloff-in-chinese-property-shares-11631777912 Xie Yu Real Estate Services/Transactions Real Estate/Construction Real Estate equity markets commodity markets China’s Property Curbs Send Economic Tremors Beijing’s pressure on the real-estate sector is being widely felt, raising questions about how much economic pain China’s leaders are willing to stomach as they rein in yet another industry. 15 Sep 2021 12:02 UTC https://www.wsj.com/articles/chinas-property-curbs-send-economic-tremors-11631707347 https://www.wsj.com/articles/chinas-property-curbs-send-economic-tremors-11631707347 Xie Yu Building Construction Residential Building Construction banking Commercial Banking Real Estate Services/Transactions China Evergrande Hires Financial Advisers as Protests Erupt at Its Offices China Evergrande moved closer to a potential restructuring of its $89 billion debt burden by hiring outside advisers, while protests broke out at some of its offices. 14 Sep 2021 09:52 UTC https://www.wsj.com/articles/china-evergrande-hires-financial-advisers-as-protests-erupt-at-its-offices-11631613159 https://www.wsj.com/articles/china-evergrande-hires-financial-advisers-as-protests-erupt-at-its-offices-11631613159 Xie Yu banking Financial Investment Services Investment Banking Investment Advice/Research Services Real Estate Services/Transactions China Evergrande Says Construction of Some Projects Has Stalled, Warns of Possible Default The cash-strapped developer said work has been suspended on some of its real-estate projects after it delayed payments to its suppliers and contractors. 31 Aug 2021 12:19 UTC https://www.wsj.com/articles/china-evergrande-says-construction-of-some-projects-has-stalled-warns-of-possible-default-11630412380 https://www.wsj.com/articles/china-evergrande-says-construction-of-some-projects-has-stalled-warns-of-possible-default-11630412380 Xie Yu Building Construction Residential Building Construction Real Estate Services/Transactions Construction Real Estate/Construction Chinese Bad-Debt Manager Huarong Confirms $16 Billion Annual Loss The company, a major borrower in international bond markets, rattled global investors earlier this year after it delayed the release of its annual results. 29 Aug 2021 16:35 UTC https://www.wsj.com/articles/chinese-bad-debt-manager-huarong-confirms-16-billion-annual-loss-11630254915 https://www.wsj.com/articles/chinese-bad-debt-manager-huarong-confirms-16-billion-annual-loss-11630254915 Xie Yu Financial Investment Services Portfolio/Fund/Asset Management Financial Services Investing/Securities financial performance Chinese Property Giant Warns of Losses After Cutting Apartment Prices China Evergrande said its flagship property business incurred a rare loss in the first half of 2021, another setback for the conglomerate, which expanded rapidly over the past decade and borrowed heavily. 26 Aug 2021 10:56 UTC https://www.wsj.com/articles/chinese-property-giant-warns-of-losses-after-cutting-apartment-prices-11629975385 https://www.wsj.com/articles/chinese-property-giant-warns-of-losses-after-cutting-apartment-prices-11629975385 Xie Yu Motor Vehicles Alternative Fuel Vehicles Building Construction Residential Building Construction Real Estate Services/Transactions Bruised Chinese Internet Companies Try to Win Over Beijing and Investors Shares of Pinduoduo and JD.com rallied after the companies reported sales jumps and highlighted their contributions to society. 25 Aug 2021 10:26 UTC https://www.wsj.com/articles/bruised-chinese-internet-companies-try-to-win-over-beijing-and-investors-11629887191 https://www.wsj.com/articles/bruised-chinese-internet-companies-try-to-win-over-beijing-and-investors-11629887191 Xie Yu chartlos Retail/Wholesale Etailing E-Commerce Online Service Providers Evergrande Executives Summoned to Meeting With China’s Financial Regulators Regulators said the indebted developer needs to resolve its debt issues without destabilizing the property and financial markets. 19 Aug 2021 11:49 UTC https://www.wsj.com/articles/chinas-financial-regulators-summon-evergrande-executives-to-a-meeting-11629373785 https://www.wsj.com/articles/chinas-financial-regulators-summon-evergrande-executives-to-a-meeting-11629373785 Xie Yu Real Estate Services/Transactions Real Estate/Construction Real Estate Regulation/Government Policy Regulatory Bodies Chinese Bad-Debt Manager Huarong to Be Bailed Out by State-Owned Firms China’s top manager of distressed assets said it would post a massive loss and expects to receive a capital infusion from state-owned financial institutions, avoiding a messy default. 19 Aug 2021 06:17 UTC https://www.wsj.com/articles/chinese-bad-debt-manager-huarong-to-be-bailed-out-by-state-owned-firms-11629353827 https://www.wsj.com/articles/chinese-bad-debt-manager-huarong-to-be-bailed-out-by-state-owned-firms-11629353827 Xie Yu Financial Investment Services Portfolio/Fund/Asset Management Financial Services Investing/Securities Corporate Crime/Legal Action China Evergrande Boss Steps Down as Chairman of Its Flagship Property Business Real-estate billionaire Hui Ka Yan has stepped down as chairman of China Evergrande Group’s flagship property business, months after the unit dropped plans for a multibillion-dollar listing on the mainland. 17 Aug 2021 09:59 UTC https://www.wsj.com/articles/china-evergrande-boss-steps-down-as-chairman-of-its-flagship-property-business-11629194394 https://www.wsj.com/articles/china-evergrande-boss-steps-down-as-chairman-of-its-flagship-property-business-11629194394 Xie Yu Real Estate Services/Transactions Real Estate/Construction Real Estate management Management Moves China’s Corporate Crackdown Drives Investors to Industries Beijing Supports Shares of Chinese semiconductor companies, electric-vehicle manufacturers and solar-panel makers climbed over the past month while shares of tech giants and providers of after-school tutoring suffered massive selloffs. 11 Aug 2021 09:30 UTC https://www.wsj.com/articles/chinas-corporate-crackdown-drives-investors-to-industries-beijing-supports-11628674200 https://www.wsj.com/articles/chinas-corporate-crackdown-drives-investors-to-industries-beijing-supports-11628674200 Xie Yu chartlos Energy Electricity/Gas Utilities Electric Power Generation Renewable Energy Generation Cash-Strapped China Evergrande Looks to Sell Prized Assets Shares of China Evergrande jumped after the cash-strapped property developer said it is in talks to sell some of its prized assets. 11 Aug 2021 06:33 UTC https://www.wsj.com/articles/cash-strapped-china-evergrande-looks-to-sell-prized-assets-11628663594 https://www.wsj.com/articles/cash-strapped-china-evergrande-looks-to-sell-prized-assets-11628663594 Xie Yu Real Estate Services/Transactions Real Estate/Construction Real Estate financial performance Share Price Movement/Disruptions Alibaba Posts Lower Profit as Chinese Tech Giant Boosts Spending The company invested heavily to bolster its retail platforms as it faces rising competition in China’s e-commerce market. 03 Aug 2021 16:04 UTC https://www.wsj.com/articles/alibaba-posts-quarterly-profit-lifted-by-e-commerce-and-cloud-computing-11627992848 https://www.wsj.com/articles/alibaba-posts-quarterly-profit-lifted-by-e-commerce-and-cloud-computing-11627992848 Xie Yu Retail/Wholesale Etailing E-Commerce Online Service Providers Retail China Tech Selloff Resumes, Adding to Month of Huge Losses Investors are reeling from drastic moves against the after-school tutoring sector, one in a series of government salvos. 30 Jul 2021 10:44 UTC https://www.wsj.com/articles/china-tech-selloff-resumes-adding-to-month-of-huge-losses-11627641891 https://www.wsj.com/articles/china-tech-selloff-resumes-adding-to-month-of-huge-losses-11627641891 Xie Yu Computers/Consumer Electronics Software Applications Software Retail/Wholesale Etailing Chinese Property Titan Teeters as Investor Confidence Fades China Evergrande Group’s debt-fueled growth powered its ascent, before problems started to mount. 27 Jul 2021 11:34 UTC https://www.wsj.com/articles/chinese-property-titan-teeters-as-investor-confidence-fades-11627385663 https://www.wsj.com/articles/chinese-property-titan-teeters-as-investor-confidence-fades-11627385663 Xie Yu chartlos Real Estate Services/Transactions Real Estate/Construction Real Estate corporate funding