Who’s Buying Evergrande’s Bonds?

Blackrock, HSBC and UBS have been accumulating Evergrande bonds over the past few months.

Kate Lin, CAIA 22.09.2021
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Chinese real estate developer China Evergrande Group (03333) is on the verge of defaulting on its massive US$ 300 billion bond complex, even as hopes for a bailout program by the central government are muted. Investors are worried, both about the default, and the possible ripple effects on other parts of the economy, such as banks.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
China Evergrande Group2.95 HKD0.00

About Author

Kate Lin, CAIA

Kate Lin, CAIA  is a Data Journalist for Morningstar Asia, and is based in Hong Kong

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