China property stocks recover as Evergrande assures to make bond interest payment

CMBC Capital Holdings

22/09/2021 03:28

** Chinese real estate companies recover losses, as
debt-laden developer China Evergrande Group  3333.HK  says it
will make bond interest payment after the mid-autumn festival
holiday, while banking stocks drop
    ** The banking sub-index  .CSI000951  down nearly 3%, while
the real estate index  .CSI000952  jumps more than 3% after
opening down nearly 2%
    ** Shares in Bank of Ningbo  002142.SZ , China Minsheng
Banking Corp  600016.SS , China Merchants Bank Co  600036.SS 
all drop 
    ** Shares of Poly Development and Holdings Group
 600048.SS , China Merchants Shekou Industrial Zone Holdings Co
 001979.SZ , Gemdale Corp  600383.SS  jump over 5%  
    ** China Evergrande main unit Hengda Real Estate Group Co
Ltd says to make onshore bond interest payment on Sept. 23
 urn:newsml:reuters.com:*:nB9N2P9024
    ** Worries mount as China Evergrande Group  3333.HK  inches
closer to key deadlines where it risks a default on its bonds
 urn:newsml:reuters.com:*:nL1N2QN2Y6
    ** Over the holiday, property and banking stocks slumped in
the Hong Kong market due to growing risks of defaults at Chinese
property developers and concerns that Beijing's "common
prosperity" agenda would also include Hong Kong real estate
names  urn:newsml:reuters.com:*:nL1N2QM0AP
    ** The Hong Kong market is shut on Wednesday for a public
holiday



 (Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))