China and Taiwan News 中国和台湾新闻
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News from non-state media sources about China and Taiwan. 来自非国营来源关于中国和台湾的新闻。中英双语 Bilingual English and Chinese
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China Evergrande bonds suspended as prices plunge

Bonds issued by indebted developer China Evergrande Group (3333.HK) slumped on Monday after a ratings downgrade led to restrictions on their use as collateral, prompting China's stock exchanges to halt trade.

The Shanghai Stock Exchange said in a statement that it had temporarily suspended trading in China Evergrande Group's 6.98% July 2022 corporate bond following "abnormal fluctuations." The exchange had also suspended trading in the bond on Friday.
 
Source : Reuters #Sep06 

https://t.co/Nb1jU2ifAB

#China #Evergrande #Shanghai #Stock