China Evergrande opens higher after risk committee says will work with creditors

Shares of embattled China Evergrande Group opened up 2.1% on Thursday, after the property developer said its risk management committee is utilising its extensive resources and will “actively engage” with its creditors.

The committee, which includes many senior officials from state-owned companies, was set up earlier this month.

Reporting by Clare Jim; Editing by Christian Schmollinger