{"id":120790,"date":"2021-06-24T15:33:21","date_gmt":"2021-06-24T08:33:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-creditor-minsheng-bank-pares-loans-to-developer-amid-concerns-about-leverage-default\/"},"modified":"2021-07-18T17:04:59","modified_gmt":"2021-07-18T10:04:59","slug":"china-evergrandes-creditor-minsheng-bank-pares-loans-to-developer-amid-concerns-about-leverage-default","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-creditor-minsheng-bank-pares-loans-to-developer-amid-concerns-about-leverage-default\/","title":{"rendered":"China Evergrande\u2019s creditor Minsheng Bank pares loans to developer amid concerns about leverage, default"},"content":{"rendered":"


\nChina Evergrande\u2019s top bank creditor has reduced its exposure to the nation\u2019s most-indebted developer to assuage its own investors, a sign that local lenders have started to raise their guard against the risk of defaults.China Minsheng Banking Group, a major commercial lender, said its loan exposure to Evergrande has been lowered since September last year following a scrutiny of lending to the developer, it said on the Shanghai Stock Exchange\u2019s investor interaction platform late on Wednesday. \u2026
\n
\nSource : South China Morning Post
\nRead more…China Evergrande\u2019s creditor Minsheng Bank pares loans to developer amid concerns about leverage, default<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Evergrande\u2019s top bank creditor has reduced its exposure to the nation\u2019s most-indebted developer to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-120790","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vqe","jetpack-related-posts":[{"id":140545,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-creditor-group-backs-the-chinese-developers-efforts-to-keep-onshore-unit-operational-opposes-bankruptcy-process\/","url_meta":{"origin":120790,"position":0},"title":"Evergrande creditor group backs the Chinese developer\u2019s efforts to keep onshore unit operational, opposes bankruptcy process","date":"December 1, 2023","format":false,"excerpt":"\r An ad hoc group of creditors of Evergrande\u2019s offshore unit has said it supports the management\u2019s efforts to keep the embattled Chinese developer operational, ahead of a key court decision on Monday when the distressed developer faces the risk of a liquidation order\r \r Source : South China Morning\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":165318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-iconic-canadian-hotel-to-be-sold-after-default\/","url_meta":{"origin":120790,"position":1},"title":"Evergrande\u2019s iconic Canadian hotel to be sold after default","date":"November 20, 2025","format":false,"excerpt":"\r China Evergrande Group\u2019s famous log-cabin hotel in Quebec, Canada, has been placed in receivership after the defaulted real estate developer failed to make payments on its debt. Fairmont Le Chateau Montebello, which has hosted luminaries including Grace Kelly and Margaret Thatcher, would be put up for sale by PricewaterhouseCoopers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121964,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-restructuring-quasi-unavoidable-amid-distress-as-free-pass-on-debt-binge-ends\/","url_meta":{"origin":120790,"position":2},"title":"China Evergrande\u2019s restructuring \u2018quasi unavoidable\u2019 amid distress as \u2018free pass\u2019 on debt binge ends","date":"September 13, 2021","format":false,"excerpt":"\r Investors focusing on Asian high yield and distressed bonds are circling China Evergrande Group as the developer seeks fresh capital to pull through its biggest survival test after accumulating more than US$300 billion of liabilities.The firm, struggling to contain a market sell-off and regulatory warning, may have to restructure\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/creeping-funding-costs-at-above-market-rates-in-the-shadow-banking-world-skew-evergrandes-plan-to-pare-back-debt\/","url_meta":{"origin":120790,"position":3},"title":"Creeping funding costs at above-market rates in the shadow banking world skew Evergrande's plan to pare back debt","date":"October 30, 2020","format":false,"excerpt":"\r China Evergrande Group has taken to seeking loans at above-average interest rates in the shadow banking market, where caution even there over its cash flow hints at an increasingly fraught effort to reduce the property sector\u2019s biggest debt.The developer, which owed 835.5 billion yuan (US$125 billion) at June-end, has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124529,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-top-insider-sold-all-his-dollar-bonds-before-chinese-developer-defaulted-on-offshore-debt-last-year-new-filings-show\/","url_meta":{"origin":120790,"position":4},"title":"Evergrande\u2019s top insider sold all his dollar bonds before Chinese developer defaulted on offshore debt last year, new filings show","date":"February 10, 2022","format":false,"excerpt":"\r China Evergrande\u2019s top insider sold his holding of dollar-denominated bonds issued by the developer in a series of transactions in August last year, before its liquidity crisis worsened and led to a debt default.Xia Haijun, vice-chairman and chief executive of the Shenzhen-based developer, sold US$50 million in face value\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122037,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nine-bonds-of-evergrandes-flagship-go-on-restricted-trading-after-ratings-cut-in-latest-woe-to-befall-indebted-developer\/","url_meta":{"origin":120790,"position":5},"title":"Nine bonds of Evergrande\u2019s flagship go on restricted trading after ratings cut in latest woe to befall indebted developer","date":"September 16, 2021","format":false,"excerpt":"\r Trading restrictions were placed on nine onshore bonds sold by China Evergrande Group\u2019s flagship property unit, after a local credit rating agency slashed the debts\u2019 creditworthiness, deepening the woes for the world\u2019s most indebted real estate developer.Three yuan-denominated bonds valued at 28.2 billion yuan (US$4.4 billion) issued by Evergrande\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120790"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=120790"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/120790\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=120790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=120790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=120790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}