Despite Evergrande's woes, Allianz is still bullish on Chinese property and infrastructure, although it has slowed down its investment process.
Evergrande admits it may not have enough capital to repay its debt.
November’s most read: Evergrande has defaulted, some say; Which assets will perform under stagflation?
Members of German market information provider, DMSA Deutsche Markt Screening Agentur say Evergrande has defaulted; Analysts are split over whether the market is approaching stagflation or pointing to a healthy recovery; Low hedge fund returns and high management fees have seen pension fund allocations fall but CPPIB is keeping the faith; and more.
German firm launches bankruptcy proceedings against Evergrande.
China continues to drive growth within its debt market, in spite of the negative image conveyed by property developer, Evergrande Group.
A recent survey from AsianInvestor’s Asset Owner Insights showed that China is among the top five destinations for Asian asset owners’ alternative investments in the next six to 12 months.