One of the largest developers of China, the Evergrande Group, suspended the trading with shares on the stock exchange in Hong Kong. It is reported by RIA Novosti with reference to the statement of the Hong Kong Exchange.
“The trade in shares of China Evergrande Group stops today at 09.00 (04.00 MSK). Accordingly, the trade in all structured financial instruments related to the company will also be discontinued,” the report says.
Earlier it was reported that the Asian Stock Market was under a blow due to the debts of the largest Chinese developer of China Evergrande and against the background of the crisis in connection with the distribution of the “Delta” -Stamma Coronavirus. During the trading Hong Kong index Hang Seng (HSI) reached a new 11-month low and decreased by 0.3 percent to the middle of the session, and the early growth of banks and real estate decreased slightly.
In addition to increasing the amount of obligations, China faces with other difficulties. Mesto in electricity due to the “green” policy of the Chairman of the PRC SI JIBINPIN led to a reduction in production in industrial centers. Negatively, the business has also affected the business deficit, because of which many enterprises remained without electricity.