Money

Evergrande liquidation sends shockwaves through China

Published

2 years ago

January 29, 2024

A Hong Kong court has ordered the liquidation of Evergrande Group, unleashing reverberations throughout the Chinese economy.

The decision has far-reaching implications, not only for China’s beleaguered property sector but also for the broader economy, as highlighted by the Reserve Bank of Australia’s concerns about the impact on Chinese demand for Australian goods and services.

The announcement of Evergrande’s liquidation sent shockwaves through financial markets, with shares in the company trading in Hong Kong plummeting by a staggering 21 percent.

Widely anticipated

This decline was widely anticipated but still served as a stark reminder of the turmoil that has engulfed Chinese and Hong Kong equities, erasing trillions of dollars in value since their peak in 2021.

Analysts have expressed skepticism about the prospects of offshore creditors recovering a significant portion of their investments in the troubled property giant.

Uncertainty surrounds the unfolding of the liquidation order, particularly concerning Evergrande’s numerous projects in China, which are primarily operated by local developers answerable to government authorities.

These local entities may be hesitant to cooperate with foreign creditors, given the potential political ramifications. Most of Evergrande’s assets are concentrated in mainland China.

Global financial stability

The turbulence in the Chinese property sector has been a source of concern for global financial stability.

The Reserve Bank of Australia, in its October Financial Stability Assessment, emphasized the property sector’s significance in the Chinese economy and its potential to exacerbate macro-financial imbalances through ties to local government financing, shadow banking activities, and banks.

Evergrande, once China’s largest property developer, initially defaulted on bond repayments in December 2021, accumulating a staggering debt exceeding $300 billion.

The treatment of international creditors during the liquidation process will be closely monitored by foreign investors who are growing increasingly wary of China’s business climate.

Foreign capital

The Chinese government, led by Xi Jinping, has expressed its desire to attract more foreign capital after years of regulatory uncertainty.

While iron prices remain robust due to stockpiling by Chinese steel mills ahead of the Lunar New Year holidays, mining companies are closely watching for any signs that Evergrande’s liquidation may dampen demand for steel.

Billions of dollars worth of unfinished construction projects hang in the balance, which could affect steel consumption.

Money

U.S. and China approve TikTok sale to American investors

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

Published

1 day ago

January 23, 2026

Harvey Vargas

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

3 days ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker

Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

4 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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