Shuli Ren, Columnist

Bond Investors Need to Liquidate China Evergrande Now

A drawn-out restructuring gives the developer time to do side deals with friendly creditors.

July 26, 2022 at 11:30 AM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

An Evergrande electric vehicle on display.
Photographer: VCG/Visual China Group

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

When it comes to collecting debt from distressed companies, a wait-and-see attitude will only end up with investors losing everything. That’s especially true with China’s real estate developers.

China Evergrande Group’s woes have been festering for more than a year. It was labeled a defaulter by international ratings agencies in December. Yet the developer still has not published a restructuring proposal. It has promised to release a preliminary plan by the end of July, but details will most likely be sparse.