How to buy Evergrande shares from Australia
Here's everything we know so far about buying up Evergrande Group shares in Australia.
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China Evergrande Group (3333:HK) is a Chinese real estate conglomerate listed on the Hong Kong stock exchange. In September 2021, its stock price plunged after reports the company was on the brink of collapse thanks to debts of more than US$300 billion.
When a company enters administration (bankruptcy), shareholders are unlikely to recoup any of their losses. Those looking to take advantage of the fallen prices by buying shares, do so at the risk of losing their investment.
Still interested in buying shares? Check out the steps below to find out how.
How to buy shares in Evergrande Group
Evergrande is listed on the Hong Kong stock exchange. To buy shares in the company, you'll need to open an account with a stock broker that has access to Hong Kong stocks.
- Choose a platform. If you're a beginner, our share-trading platform table below can help you choose.
- Open your account. You'll need your ID, bank details and tax file number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: All listed stocks have a stock code. Evergrande's code is 3333:HK
- Research Evergrande shares. The platform may provide the latest information available or you can do your own research.
- Buy your Evergrande shares. It's that simple.
The whole process can take as little as 15 minutes.
Which brokers offer Hong Kong stocks in Australia?
You can sign up directly via the links below.
- CMC Markets
- Saxo Capital Markets
- ANZ Share Investing
- St. George Directshares
- Interactive brokers
- Phillip Capital
- Bank of Melbourne Directshares
- Westpac Online Investing Account
- Netwealth Share Trading
- Bendigo Invest Direct
- Suncorp Share Trade
- Tiger Brokers
Where to buy Evergrande Group stock
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
What we know about the Fangchebao IPO
In March 2021, there were reports that Evergrande group would be listing its online real estate and automobile marketplace, Fangchebao.
The company said it hopes to sell 10% of its holdings to 17 investors for $2.1 billion ahead of the IPO.
Although nothing has been confirmed, Fangchebao, which is valued at about $22.92 billion, could list on the Nasdaq or another exchange, sources close to the deal have said.
Evergrande, one of China's largest developers, is looking to spin off multiple holdings as part of its plan to go public and deal with debt.
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