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Shares of China Evergrande fall in early trade -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This traffic light was seen in the vicinity of China Evergrande Group’s headquarters, Shenzhen, Guangdong, China, September 26th, 2021. REUTERS/Aly Song

HONG KONG (Reuters – China Evergrande Group shares and its electric vehicle unit plunged on Wednesday, after the nation’s planner stated that they had advised key sectors of companies to maximize their offshore debt structure.

China Evergrande Group stock fell by around 2% while China Evergrande New Energy Vehicle Group Ltd dropped as high as 5%.

China Evergrande Group faces more than $300 billion of liabilities. It is raising concerns about global markets and the consequences for its future.

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