Shuli Ren, Columnist

Just Like Adani, China Evergrande Has Found Its Dubai Bling

A Middle Eastern backer might just be enough to push through the developer’s debt restructuring plan.

August 16, 2023 at 8:00 PM 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.

New backer.
Photographer: Andrea Verdelli/Bloomberg

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China Evergrande Group, the world’s most indebted real estate developer, is in the process of a debt restructuring. It might just scrape through its worst days.

The key is Evergrande’s founder Hui Ka Yan. Hui is a marvelous storyteller. He knows how to weave a dream and give investors hope.