Evergrande’s US$1.31b fine, China cuts US Treasury holdings: the numbers moving markets

CXMT’s valuation, Unitree’s listing surge and retirement expectations for Hong Kong’s wealthy are among stories leading this week’s market numbers

While investors saw Beijing’s holdings of US government debt shrink and US Treasuries yield rise, a life sentence for China Evergrande Group founder Hui Ka-yan marked a symbolic end to an era of breakneck expansion in the country’s property sector.

Here are some of the figures that have drawn the most market attention this week.

Evergrande was fined 8.82 billion yuan (US$1.31 billion), while its onshore operating unit Hengda Real Estate received a separate 7 billion yuan fine. The penalties were among the largest corporate fines imposed by a Chinese court for criminal offences.