Business Standard

Regulators summon Evergrande officials

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China's central bank said it summoned executives of the country's most indebted property developer, China Evergrande Group, to talks on Thursday and issued a rare warning that the company needs to reduce its debt risks and prioritise stability. The unusual summons comes amid fragile confidence in China's credit markets and concern that any financial crisis at Evergrande could pose a systemic risk as the company struggles to find the cash it needs to pay its lenders.

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