on monday, the company missed a bond repayment we have emily tan from hong kong with more on the story emily, what's the latest >> reporter: thanks, frank the bad news keeps coming forf for evergrande the media report saying that the company's ex-cfo and ceo de detained by authorities. not much more detail than that all of this news weighing on the stock over the company missing the bond onshore payment shares tried down 8% this is all to do with the flagship unit in real estate saying it failed to pay the payment and interest on the $4 billion bond this result the in evergrand shares tanking as much as 26% on monday the missed payment is the latest setback since defaulting back in 2021 it has been seeking proposals to restructure debt which includes bonds and collateral and re-purchased obligations this is a bigger player in the property space it has four times the number of projects than evergrande which is country garden. they are on the brink of default. the mainland property sector is fragile and we are watching it day by day reporting live from hong kong, back to you. >> emily ta

race in china, emily tan has put out a piece online.ead to cnbc.com for the full read. >>> and coming up on the show, the bank of england governor andrew bailey yssa there is still more work to do. we will have the latest after this break. has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free. >>> welcome back to "street signs." i'm julianna tatelbaum. >> i'm joumanna bercetche and these are your headlines. >> beijing pushes through a wave of policy measures to help support the country's ailing econom