China property stocks tumbled on Monday, led by a 25% drop in Evergrande Group, as investors worried about the company’s massive debt pile and the potential impact on the broader sector.
In a filing with the stock exchange, developer China Oceanwide Holdings added to investor worries by stating that a Bermuda court had ordered its winding up and appointed joint provisional liquidators.
The Hang Seng Mainland Properties Index closed down 4.2% on Monday, its biggest one-day percentage decline since August 8. Other major Chinese property stocks in Hong Kong also fell sharply, with Country Garden down 7.69%, Logan Group down 7.95%, and R&F Properties down 6.62%.
China property giant Evergrande is the world’s most indebted property developer, with over $300 billion in debt. The company has been struggling to repay its debts for months, and it has defaulted on several debt payments in recent months.
Evergrande’s financial woes have raised concerns about the broader Chinese property sector, which is already facing a number of challenges, including a slowdown in sales and rising interest rates.
Although the Chinese government has taken initiatives to assist the real estate market, it is uncertain if these actions will be sufficient to avert a serious disaster.
Investors are also worried about how Evergrande’s demise would affect the world financial system. A default could result in losses for banks and other financial institutions all around the world because the company has a large number of international debtors.
“Hopes of any meaningful recovery for the Evergrande debt holder are vanishing,” said Fern Wang, KT Capital Group senior researcher.
“Yet liquidation is not in the cards for Evergrande, the government’s number one priority is to ensure the timely delivery of pre-sold homes and Evergrande’s liquidation would not help the cause,” Wang added.
Evergrande stated earlier this month that it will postpone its decision to restructure its offshore debt from September to the following month. This postponement intends to give debt holders more time to assess the suggested restructuring strategy.
[{"id":15052,"link":"https:\/\/www.kwaralefro.com\/2026\/03\/ramadan-saraki-visits-mosques-supports-communities-across-kwara\/","name":"ramadan-saraki-visits-mosques-supports-communities-across-kwara","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2026\/03\/649299521_25465260343153789_6151332691910781936_n.jpg","alt":""},"title":"Ramadan: Saraki Visits Mosques, Supports Communities Across Kwara","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Mar 7, 2026","dateGMT":"2026-03-07 10:07:39","modifiedDate":"2026-03-07 10:07:51","modifiedDateGMT":"2026-03-07 10:07:51","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>"},"taxonomies":{"post_tag":"<a href='https:\/\/www.kwaralefro.com\/tag\/bukola-saraki\/' rel='post_tag'>Bukola Saraki<\/a><a href='https:\/\/www.kwaralefro.com\/tag\/kwara\/' rel='post_tag'>Kwara<\/a><a href='https:\/\/www.kwaralefro.com\/tag\/kwara-state\/' rel='post_tag'>kwara state<\/a><a href='https:\/\/www.kwaralefro.com\/tag\/saraki\/' rel='post_tag'>Saraki<\/a>"},"readTime":{"min":2,"sec":23},"status":"publish","excerpt":""},{"id":15049,"link":"https:\/\/www.kwaralefro.com\/2026\/02\/kwara-north-pdp-hails-dr-abubakar-bukola-saraki-over-ramadan-relief-package\/","name":"kwara-north-pdp-hails-dr-abubakar-bukola-saraki-over-ramadan-relief-package","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2024\/08\/IMG-20240828-WA0018.jpg","alt":""},"title":"Kwara North PDP Hails Dr. Abubakar Bukola Saraki Over Ramadan Relief Package","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Feb 22, 2026","dateGMT":"2026-02-22 08:36:40","modifiedDate":"2026-02-22 08:36:43","modifiedDateGMT":"2026-02-22 08:36:43","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>"},"taxonomies":{"post_tag":"<a href='https:\/\/www.kwaralefro.com\/tag\/bukola-saraki\/' rel='post_tag'>Bukola Saraki<\/a><a href='https:\/\/www.kwaralefro.com\/tag\/kwara\/' rel='post_tag'>Kwara<\/a><a href='https:\/\/www.kwaralefro.com\/tag\/kwara-state\/' rel='post_tag'>kwara state<\/a>"},"readTime":{"min":1,"sec":25},"status":"publish","excerpt":""},{"id":15046,"link":"https:\/\/www.kwaralefro.com\/2026\/02\/patigi-commends-saraki-for-ramadan-support-reaffirms-confidence-in-pdps-future\/","name":"patigi-commends-saraki-for-ramadan-support-reaffirms-confidence-in-pdps-future","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2024\/12\/WhatsApp-Image-2024-12-18-at-21.28.31_6db11f1e.jpg","alt":""},"title":"Patigi Commends Saraki for Ramadan Support, Reaffirms Confidence in PDP\u2019s Future","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Feb 22, 2026","dateGMT":"2026-02-22 08:32:47","modifiedDate":"2026-02-22 08:32:51","modifiedDateGMT":"2026-02-22 08:32:51","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":1,"sec":3},"status":"publish","excerpt":""},{"id":15044,"link":"https:\/\/www.kwaralefro.com\/2026\/02\/kwara-north-community-appreciates-saraki-for-ramadan-support\/","name":"kwara-north-community-appreciates-saraki-for-ramadan-support","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-30-at-16.31.10.jpeg","alt":""},"title":"Kwara North Community Appreciates Saraki for Ramadan Support","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Feb 22, 2026","dateGMT":"2026-02-22 08:29:03","modifiedDate":"2026-02-22 08:29:05","modifiedDateGMT":"2026-02-22 08:29:05","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":1,"sec":0},"status":"publish","excerpt":""},{"id":15042,"link":"https:\/\/www.kwaralefro.com\/2026\/02\/ilorin-west-pdp-commends-saraki-for-ramadan-packages-distribution\/","name":"ilorin-west-pdp-commends-saraki-for-ramadan-packages-distribution","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2024\/08\/WhatsApp-Image-2024-08-30-at-16.31.10.jpeg","alt":""},"title":"Ilorin West PDP Commends Saraki for Ramadan Packages Distribution","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Feb 22, 2026","dateGMT":"2026-02-22 08:25:51","modifiedDate":"2026-02-22 08:25:53","modifiedDateGMT":"2026-02-22 08:25:53","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>"},"taxonomies":{"post_tag":"<a href='https:\/\/www.kwaralefro.com\/tag\/kwara\/' rel='post_tag'>Kwara<\/a><a href='https:\/\/www.kwaralefro.com\/tag\/kwara-state\/' rel='post_tag'>kwara state<\/a>"},"readTime":{"min":0,"sec":59},"status":"publish","excerpt":""},{"id":15040,"link":"https:\/\/www.kwaralefro.com\/2026\/02\/ramadan-kcst-president-applauds-sarakis-strategic-support-for-youth-mobilization\/","name":"ramadan-kcst-president-applauds-sarakis-strategic-support-for-youth-mobilization","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2026\/02\/WhatsApp-Image-2026-02-20-at-21.15.08.jpeg","alt":""},"title":"Ramadan: KCST President Applauds Saraki\u2019s Strategic Support for Youth Mobilization","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Feb 22, 2026","dateGMT":"2026-02-22 08:20:37","modifiedDate":"2026-02-22 08:20:40","modifiedDateGMT":"2026-02-22 08:20:40","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>"},"taxonomies":{"post_tag":"<a href='https:\/\/www.kwaralefro.com\/tag\/bukola-saraki\/' rel='post_tag'>Bukola Saraki<\/a><a href='https:\/\/www.kwaralefro.com\/tag\/kwara\/' rel='post_tag'>Kwara<\/a><a href='https:\/\/www.kwaralefro.com\/tag\/kwara-state\/' rel='post_tag'>kwara state<\/a>"},"readTime":{"min":1,"sec":8},"status":"publish","excerpt":""},{"id":15037,"link":"https:\/\/www.kwaralefro.com\/2026\/02\/agbaji-community-commends-saraki-for-ramadan-support-youth-employment-opportunities\/","name":"agbaji-community-commends-saraki-for-ramadan-support-youth-employment-opportunities","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2026\/02\/WhatsApp-Image-2026-02-20-at-21.15.08.jpeg","alt":""},"title":"Agbaji Community Commends Saraki for Ramadan Support, Youth Employment Opportunities","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Feb 22, 2026","dateGMT":"2026-02-22 08:17:07","modifiedDate":"2026-02-22 08:17:09","modifiedDateGMT":"2026-02-22 08:17:09","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>"},"taxonomies":{"post_tag":"<a href='https:\/\/www.kwaralefro.com\/tag\/kwara\/' rel='post_tag'>Kwara<\/a><a href='https:\/\/www.kwaralefro.com\/tag\/kwara-state\/' rel='post_tag'>kwara state<\/a>"},"readTime":{"min":0,"sec":57},"status":"publish","excerpt":""},{"id":15034,"link":"https:\/\/www.kwaralefro.com\/2026\/02\/pdp-youth-leader-commends-distinguish-senator-abubakar-bukola-saraki-for-ramadan-support-to-youth-structures\/","name":"pdp-youth-leader-commends-distinguish-senator-abubakar-bukola-saraki-for-ramadan-support-to-youth-structures","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2026\/02\/WhatsApp-Image-2026-02-20-at-20.36.32.jpeg","alt":""},"title":"PDP Youth Leader Commends Distinguish Senator Abubakar Bukola Saraki for Ramadan Support to Youth Structures","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Feb 22, 2026","dateGMT":"2026-02-22 08:06:35","modifiedDate":"2026-02-22 08:06:37","modifiedDateGMT":"2026-02-22 08:06:37","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":1,"sec":7},"status":"publish","excerpt":""},{"id":15031,"link":"https:\/\/www.kwaralefro.com\/2026\/02\/sodex-completes-testnet-airdrop-snapshot\/","name":"sodex-completes-testnet-airdrop-snapshot","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2026\/02\/image.png","alt":""},"title":"SoDEX Completes Testnet Airdrop Snapshot","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Feb 12, 2026","dateGMT":"2026-02-12 10:02:27","modifiedDate":"2026-02-12 10:02:30","modifiedDateGMT":"2026-02-12 10:02:30","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/crypto-currencies\/\" rel=\"category tag\">Crypto Currencies<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/crypto-currencies\/\" rel=\"category tag\">Crypto Currencies<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":0,"sec":28},"status":"publish","excerpt":""},{"id":15027,"link":"https:\/\/www.kwaralefro.com\/2026\/02\/woro-killings-this-is-a-national-disaster-says-saraki\/","name":"woro-killings-this-is-a-national-disaster-says-saraki","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2026\/02\/WhatsApp-Image-2026-02-04-at-21.19.12.jpeg","alt":""},"title":"Woro Killings: This is a National Disaster, Says Saraki","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Feb 4, 2026","dateGMT":"2026-02-04 20:29:17","modifiedDate":"2026-02-04 20:29:19","modifiedDateGMT":"2026-02-04 20:29:19","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":2,"sec":53},"status":"publish","excerpt":""},{"id":15026,"link":"https:\/\/www.kwaralefro.com\/2026\/02\/pdp-condemns-fresh-bandit-attack-on-woro-community-urges-government-to-deploy-humanitarian-aid\/","name":"pdp-condemns-fresh-bandit-attack-on-woro-community-urges-government-to-deploy-humanitarian-aid","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2026\/01\/IMG-20260118-WA0005.jpg","alt":""},"title":"PDP Condemns Fresh Bandit Attack on Woro Community, Urges Government to Deploy Humanitarian Aid","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Feb 4, 2026","dateGMT":"2026-02-04 20:20:11","modifiedDate":"2026-02-04 20:20:16","modifiedDateGMT":"2026-02-04 20:20:16","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/kwara-news\/\" rel=\"category tag\">Kwara News<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":2,"sec":0},"status":"publish","excerpt":""},{"id":15020,"link":"https:\/\/www.kwaralefro.com\/2026\/02\/kwaras-2026-budget-accountability-under-fire\/","name":"kwaras-2026-budget-accountability-under-fire","thumbnail":{"url":"https:\/\/www.kwaralefro.com\/wp-content\/uploads\/2026\/02\/WhatsApp-Image-2026-02-04-at-11.11.04.jpeg","alt":""},"title":"KWARA\u2019S 2026 BUDGET: Accountability under Fire","author":{"name":"Adebayo","link":"https:\/\/www.kwaralefro.com\/author\/admin\/"},"date":"Feb 4, 2026","dateGMT":"2026-02-04 19:42:43","modifiedDate":"2026-02-04 19:49:38","modifiedDateGMT":"2026-02-04 19:49:38","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/www.kwaralefro.com\/category\/opinion\/\" rel=\"category tag\">Opinion<\/a>","space":"<a href=\"https:\/\/www.kwaralefro.com\/category\/opinion\/\" rel=\"category tag\">Opinion<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":1,"sec":31},"status":"publish","excerpt":""}]
