HawkInsight

  • Contact Us
  • App
  • English

China Evergrande: As of the end of 2022, Evergrande Wealth had outstanding principal and interest of approximately $34 billion

On the evening of August 21, China Evergrande disclosed the key findings of an internal control assessment and review of certain issues raised by its former auditors.。Announcement mentions potential off-balance sheet liabilities of China Evergrande。Since August 2021, due to the difficulty of payment, the fixed financing products have completely stopped selling to the outside world.。According to the Group's statistics, the total amount of funds raised from the launch of the fixed financing products to the suspension of sales involved about 92.1 billion yuan.。As of December 31, 2021 and December 31, 2022, the outstanding principal and interest amounted to approximately $41 billion and approximately $34 billion, respectively.。

·Original

Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.