Evergrande Stock Jumps More Than 20% After Days of Losses

After a series of sharp losses suffered by the shares of the debt-laden Chinese real estate developer “China Evergrande” during the past few days, the stock was able to rise more than 8% in today’s trading session, Thursday, September 23, but the company’s share is still down more than 80% During the current year so far.

According to Reuters, Evergrande announced that it held an internal meeting on Wednesday evening, during which the chairman urged executives to ensure the quality of real estate delivery and the recovery of wealth management products for wealthy investors.

In the trading of the Hong Kong Stock Exchange, the stock rose by more than 20% in early trading.

The rise comes despite persistent questions over whether the world’s most indebted real estate developer will pay interest on its dollar-denominated bonds today.