China Evergrande: Repaid 10% of wealth management products due in September
|The debt-ridden China Evergrande Group said in a statement released on Thursday, it has repaid 10% of its wealth management products due this month.
Following is a snapshot of the special announcement made by the property developer group on its website.
Market reaction
The risk sentiment remains elevated, with no special boost from the above release, as the S&P 500 futures add 0.70% on the day. The US dollar index drops 0.07% on the day to 94.30.
Meanwhile, USD/CNY was last seen trading at 6.4619, down 0.12% so far.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.