China Evergrande Group Files For Chapter 15 Protection From Creditors
Portfolio Pulse from Charles Gross
China Evergrande Group has filed for Chapter 15 protection from creditors, according to a Manhattan Bankruptcy Court filing. This move is aimed at protecting the company's assets from being seized by creditors.
August 17, 2023 | 8:53 pm
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China Evergrande Group's bankruptcy filing may impact the iShares China Large-Cap ETF (FXI), which includes large Chinese companies in its portfolio.
Evergrande's bankruptcy filing could lead to a decrease in the value of its assets, which could negatively impact the value of the iShares China Large-Cap ETF (FXI) if Evergrande is part of its portfolio. This could lead to a decrease in the ETF's price.
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