Shares of China Evergrande New Energy Vehicle Group closed 11.4 per cent higher at the close in Hong Kong. retreated as much as 4.2 per cent in Hong Kong.Д®vergrande EV unit soars 17 per cent after Hui pledges to shift business (10:40 a.m. tumbled as much as 4.9 per cent to be among the worst performers in the CSI 300 Index. The Shanghai Stock Exchange Property Index fell as much as 2.2 per cent after booking its biggest gain in a month last week. Shares of Chinese developers dropped, as the governmentвЂ™s program to expand property-tax trials damped a recent upturn in sentiment. Hong KongвЂ™s real-estate market has been resilient through many cycles, and Stevenson doesnвЂ™t see any spillover effect.Д¬hina property shares retreat on BeijingвЂ™s tax expansion plan (11:14 a.m. He doesnвЂ™t expect HSBC to see вЂњany material falloutвЂќ from it. The Evergrande situation has been вЂњwell telegraphedвЂќ to the market, CFO Ewen Stevenson said in anВ interviewВ on Bloomberg Television. HSBC Holdings Plc said itвЂ™s вЂњhighly selectiveвЂќ in its exposure to the mainland Chinese real estate market, which has been the subject of investor concerns amid debt repayment struggles. HSBC doesnвЂ™t expect вЂmaterial falloutвЂ™ from China Evergrande (12:40 p.m. News on the payment had boosted sentiment in ChinaвЂ™s high-yield dollar bond market for a time Friday. People familiar with the matter said on Friday that Evergrande wired the US$83.5 million coupon and bondholders would receive the funds before Saturday.Д®vergrande creditors are still bracing for an eventual debtВ restructuringВ that could rank among the largest-ever in China. Ongoing downgrades, occurring as developers face heavy operational and refinancing pressure, вЂњwill worsen their capability of raising funds,вЂќ said Ma Dong, a partner with Chinese bond firm BG Capital Management Ltd.Д®vergrande interest payment arrived in some bondholder accounts (1:03 p.m. Ratings reductions surged in the third quarter as EvergrandeвЂ™s troubles fueled broader debt-related worries. 21, after 34 downgrades for all of September, according to Bloomberg-compiled data.

There were 44 reductions by MoodyвЂ™s Investors Service, S&P Global Ratings and Fitch Ratings as of Oct. HK)Д¬redit-rating cuts for Chinese developers have accelerated further in October, hitting a record high for a second straight month.

Evergrande Is вЂliving deadвЂ™ despite coupon payment, analyst saysД¬hina developers set another monthly downgrade record (3:44 p.m.

China widens property-tax Trials ith levy on home owners.

Evergrande says building going smoothly at 40 Guangdong projects.

China injects most cash since January as local debt sales loom.

Evergrande interest payment arrived in some bondholder accounts.

The payment gives Evergrande more time to sell assets and raise cash to pay creditors and suppliers, analysts said. The company has just kicked the can down the road with its latest payment, according to Monica Hsiao, founder and chief investment officer of Triada Capital. Any reprieve from debt payments may be short-lived as the embattled developer still has more than US$300 billion in liabilities. The worldвЂ™s most indebted developer is struggling with a cash crisis that has led it to consider selling stakes in units including Evergrande NEV.ДЇocus now turns to the end of a grace period on another Evergrande dollar bond later this week. The reported shift to the electric-car business will be a challenge given that Evergrande has yet to deliver a single vehicle, despite HuiвЂ™s ambitions to take on industry giants such as Tesla Inc. Meanwhile, shares of China Evergrande New Energy Vehicle Group, the real-estate companyвЂ™s electric-vehicle unit, climbed more than 11 per cent on Monday after Evergrande Chairman Hui Ka Yan said making such cars would become its main business within a decade. Prices of these and other Evergrande notes rose Monday, though theyвЂ™re still deep in distressed territory. At least two holders of the 8.25 per cent dollar note maturing in March 2022 received the payment, the people said, asking not to be identified because the matter is private. 23, which passed with no sign that investors had been paid.

Some investors received a coupon payment on a China Evergrande Group dollar bond before a grace period ended Saturday, according to people with knowledge of the matter.

Sims 3 apartment building