China tells Evergrande to avoid near-term dollar bond default -Bloomberg Law
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The logo of China Evergrande is seen at outside China Evergrande Centre building in Hong Kong, China September 23, 2021. REUTERS/Tyrone Siu
(Reuters) - Financial regulators in Beijing issued a broad set of instructions to China Evergrande Group, telling the embattled developer to focus on completing unfinished properties and repaying individual investors while avoiding a near-term default on dollar bonds, Bloomberg Law reported on Thursday.
(Reporting by Aakriti Bhalla in Bengaluru; editing by Jason Neely)
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