According to a media report, the Chinese housing authority has warned banks of payment defaults at the real estate company Evergrande.
Evergrande will not be able to service the interest on loans due on September 20, the Bloomberg news agency reported on Wednesday, citing insiders.
The company was in talks with financial institutions this week about a moratorium on interest rates and a possible loan extension.
Investors fear a collapse of the real estate company, which is groaning under a mountain of debt of more than $ 300 billion. There is also concern that bankruptcy will send shock waves through the Chinese banking system. Evergrande shares lost around six percent and fell to their lowest level since 2014. The shares of other real estate groups also got under the wheels.