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Episode details

World Service,28 Aug 2023,26 mins

Evergrande's shares tank after resuming Hong Kong trading

World Business Report

Available for over a year

Shares of the Chinese property giant fell by almost 80% on its first day of trading since March last year. The firm had suspended its activity in the Hong Kong Stock Exchange as it aimed to release a global restructuring plan. The US Commerce Secretary, Gina Raimondo, is the fourth member of Joe Biden's cabinet to visit China in the last two months. We look into what might come out of this three-day trip. And thousands of airline passengers face potential delays and cancellations after a technical issue at UK air traffic control led it to bring in traffic restrictions to "maintain safety". We hear the latest. (Picture: An Evergrande Royal Scenery housing complex in Beijing. Picture credit: EPA-EFE/REX/Shutterstock)

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