Evergrande among six Chinese developers booted from Hang Seng Index – Robert Khodadadian
A key Hong Kong Stock Exchange index removed six Chinese property developers, including Evergrande’s property management unit, that either sought debt payment extensions or defaulted and failed to release 2021 financial results. Evergrande, Sunac, Kaisa Group, China Aoyuan and Shimao Group were dropped last week from the Hang Seng Composite Index, according to Chinese business news outlet Caixin Global. The index, which measures 95 percent of the value of all companies listed in Hong Kong,
Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, china, Evergrande, Hong Kong Stock Exchange, Real Estate and Finance The Real Deal New York Read More