Evergrande

Evergrande the worlds most indebted property developer is crumbling under the weight of more than 300 billion of debt and warned more. Evergrande Group acquired a 50 stake in Sino-Singapore Great Eastern Life Insurance Company in 2015 and changed its name to Evergrande Life.

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The biggest fear investors should have with the crisis gripping overly indebted Chinese real estate developer Evergrande is global contagion.

Evergrande. Chinese banks insurers and other real estate companies were slammed. Shares of Evergrande Group. Evergrande is everywhere.

Its main business is in real estate and its Chinas second-largest property developer by sales. US futures are also sharply lower.

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