More Earnings Delays; Bond Exodus Quickens: Evergrande Update
This article is for subscribers only.
Three Chinese developers joined an expanding group of peers to warn of missing the deadline for releasing audited 2021 results, with Powerlong Real Estate Holdings Ltd. also becoming the latest to lose a major international auditor.
Meantime, the biggest exchange-traded fund tracking yuan bonds recorded a whopping $460.4 million of outflows so far this month, adding to recent signs of an exodus from Chinese assets.