Evergrande

Its main business is in real estate and its Chinas second-largest property developer by sales. In addition Evergrande Group is the largest shareholder of Shengjing Bank holding 1728 of the shares.

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Evergrande Group acquired a 50 stake in Sino-Singapore Great Eastern Life Insurance Company in 2015 and changed its name to Evergrande Life.

Evergrande. Chinese banks insurers and other real estate companies were slammed. The biggest fear investors should have with the crisis gripping overly indebted Chinese real estate developer Evergrande is global contagion argues. US futures are also sharply lower.

Shares of Evergrande Group. Evergrande owns more than. Evergrande the worlds most indebted property developer is crumbling under the weight of more than 300 billion of debt and warned more.

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