China Evergrande Debt Woes Raise Financing Pressure on Peers

China Evergrande Debt Woes Raise Financing Pressure on Peers
An exterior view of China Evergrande Centre in Hong Kong, China, on March 26, 2018. Bobby Yip/Reuters
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SHANGHAI—The Evergrande Group’s struggles to quickly sell off assets and avert defaulting on its $305.3 billion in liabilities is raising the risk of contagion for other privately-owned developers and fund managers analysts say.

Worries over the ability of China’s second-largest property developer to make bank loan interest and wealth management product payments have led to a worsening sell-off in its bonds and shares in the past week.