China Evergrande: Repaid 10% of wealth management products due in September

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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