{"id":122517,"date":"2021-10-11T17:00:16","date_gmt":"2021-10-11T10:00:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-million-dollar-former-economist-says-his-counsel-fell-on-deaf-ears-as-he-disowns-developers-debt-fuelled-growth\/"},"modified":"2021-10-11T18:04:23","modified_gmt":"2021-10-11T11:04:23","slug":"evergrandes-million-dollar-former-economist-says-his-counsel-fell-on-deaf-ears-as-he-disowns-developers-debt-fuelled-growth","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-million-dollar-former-economist-says-his-counsel-fell-on-deaf-ears-as-he-disowns-developers-debt-fuelled-growth\/","title":{"rendered":"Evergrande\u2019s million-dollar former economist says his counsel fell on deaf ears as he disowns developer\u2019s debt-fuelled growth"},"content":{"rendered":"


\nRen Zeping, China Evergrande Group\u2019s ex-chief economist and the country\u2019s highest paid strategist, has disowned the leveraged diversification and debt-fuelled acquisitions of his former employer, as the world\u2019s most indebted developer faces another string of bond payments this week.The former head of the Evergrande Research Institute \u2013 with an annual salary of 15 million yuan (US$2.3 million) \u2013 said he had admonished the parent company\u2019s top executives to focus on cutting debt instead of\u2026
\n
\nSource : South China Morning Post
\nRead more…Evergrande\u2019s million-dollar former economist says his counsel fell on deaf ears as he disowns developer\u2019s debt-fuelled growth<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Ren Zeping, China Evergrande Group\u2019s ex-chief economist and the country\u2019s highest paid strategist, has disowned...<\/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-122517","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-vS5","jetpack-related-posts":[{"id":122056,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrandes-staunchest-allies-drop-out-as-chinese-property-developers-creditworthiness-deteriorates-amid-debt-woes\/","url_meta":{"origin":122517,"position":0},"title":"Evergrande\u2019s staunchest allies drop out as Chinese property developer\u2019s creditworthiness deteriorates amid debt woes","date":"September 17, 2021","format":false,"excerpt":"\r Two of the property magnate Hui Ka-yan\u2019s staunchest allies appear to be bailing out of China Evergrande Group, selling a large chunk of the developer\u2019s stock ahead of a gathering storm and deteriorating credit ratings over US$300 billion in liabilities.Joseph Lau Luen-hung, the founder of Hong Kong developer Chinese\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122611,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-stricken-china-evergrande-suffers-huge-blow-as-us1-7-billion-deal-to-sell-its-hong-kong-headquarters-collapses\/","url_meta":{"origin":122517,"position":1},"title":"Debt-stricken China Evergrande suffers huge blow as US$1.7 billion deal to sell its Hong Kong headquarters collapses","date":"October 15, 2021","format":false,"excerpt":"\r China Evergrande has failed to sell its single largest asset to state-backed Yuexiu Property, Reuters reported, a huge blow to the debt-stricken developer\u2019s frantic efforts to raise the funds it needs to survive.Guangzhou government-backed Yuexiu Property dropped a proposed US$1.7 billion offer to buy Evergrande\u2019s 26-storey office tower in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139386,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-hui-ka-yan-once-chinas-richest-man-has-seen-his-wealth-dwindle-as-developers-prospects-sour\/","url_meta":{"origin":122517,"position":2},"title":"China Evergrande\u2019s Hui Ka-yan, once China\u2019s richest man, has seen his wealth dwindle as developer\u2019s prospects sour","date":"October 1, 2023","format":false,"excerpt":"\r Hui Ka-yan, founder and chairman of the troubled developer, rode a wave of market reforms to amass a vast empire that included China\u2019s richest football club, a superyacht and reportedly the most expensive home in London. However, his personal fortunes have dwindled as Evergrande suffocates under a massive pile\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evergrande-hui-ka-yans-childhood-dreams-fuelled-a-debt-binge-and-audacious-goal-that-has-left-the-world-on-tenterhooks\/","url_meta":{"origin":122517,"position":3},"title":"Evergrande: Hui Ka-yan\u2019s childhood dreams fuelled a debt binge and audacious goal that has left the world on tenterhooks","date":"September 25, 2021","format":false,"excerpt":"\r The first of a three-part series on the China Evergrande Group looks at how the world\u2019s most indebted developer grew to its current size and how it avoided scrutiny when China\u2019s authorities cracked down on debt in 2017.On an overcast Monday in early 2017, Hui Ka-yan chaired a staff\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-us6-6b-bond-rattles-markets-prompts-round-of-head-scratching\/","url_meta":{"origin":122517,"position":4},"title":"China Evergrande\u2019s US$6.6b bond rattles markets, prompts round of head-scratching","date":"June 29, 2017","format":false,"excerpt":"\r China Evergrande Group has come under the spotlight after it issued a US$6.6 billion bond last week, the largest US dollar bond ever completed in Asia, even as the debt-laden property giant has vowed to deleverage. Evergrande, the country\u2019s largest, yet most indebted developer with a debt-equity ratio over\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":122517,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122517"}],"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=122517"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122517\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}