Forwarded from China in Focus - NTD
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More companies in the Chinese property sector are now caught up in debt. And the poster child for the sector's woes, #Evergrande Group, has missed its third round of #BondPayments in a matter of weeks.
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🔥WATCH HERE👉https://youtu.be/KI3rlE62R9k
Forwarded from 📡Guardians of Hong Kong
#Evergrande and other Chinese property giants have sizeable off-balance sheet debt: #JPMorgan
//Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
"Instead of true deleveraging, we think Evergrande has shifted some of the interest-bearing debt to off-balance sheet debt," JPMorgan's analysts said. "Commercial papers, wealth management products and perpetual capital securities, etc, which are not officially counted as debt."
They estimated Evergrande's "net gearing," as debt as a ratio of a firm's equity is known, was at least 177% at the end of the first half of the year, instead of the 100% its accounts reported.
"It is possible that the real gearing could be even higher, as data on some off-balance sheet debt is not publicly available," JPMorgan added, saying the "disguised" debt as it called it added up to 55% of Evergrande's overall debt.
Other major firms whose gearing levels were likely to be higher than formally reported included R&F Properties (2777.HK) at 139% versus the 123%, #SunacChina Holdings (1918.HK) at 138% versus 87% reported and #CountryGarden (2007.HK) at 76% versus 50% reported.//
Source: Reuters #Oct7
https://www.reuters.com/business/finance/evergrande-other-chinese-property-giants-have-sizeable-off-balance-sheet-debt-2021-10-07/
#PropertyAnalysis #Economy #Finance #CCPRules #Debt #ChinaMarket #Bubble
//Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
"Instead of true deleveraging, we think Evergrande has shifted some of the interest-bearing debt to off-balance sheet debt," JPMorgan's analysts said. "Commercial papers, wealth management products and perpetual capital securities, etc, which are not officially counted as debt."
They estimated Evergrande's "net gearing," as debt as a ratio of a firm's equity is known, was at least 177% at the end of the first half of the year, instead of the 100% its accounts reported.
"It is possible that the real gearing could be even higher, as data on some off-balance sheet debt is not publicly available," JPMorgan added, saying the "disguised" debt as it called it added up to 55% of Evergrande's overall debt.
Other major firms whose gearing levels were likely to be higher than formally reported included R&F Properties (2777.HK) at 139% versus the 123%, #SunacChina Holdings (1918.HK) at 138% versus 87% reported and #CountryGarden (2007.HK) at 76% versus 50% reported.//
Source: Reuters #Oct7
https://www.reuters.com/business/finance/evergrande-other-chinese-property-giants-have-sizeable-off-balance-sheet-debt-2021-10-07/
#PropertyAnalysis #Economy #Finance #CCPRules #Debt #ChinaMarket #Bubble
Reuters
Evergrande and other Chinese property giants have sizeable off-balance sheet debt - JPMorgan
Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
Forwarded from China in Focus - NTD
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Chinese property firms took heavy fire in bond markets on Tuesday after the poster child of the sector's woes, #Evergrande Group, missed its third round of #BondPayments in weeks. And the number of debt-saddled companies rose to four.
🔶 Watch the full episode👉https://youtu.be/KI3rlE62R9k
🔶 Watch the full episode👉https://youtu.be/KI3rlE62R9k
Forwarded from China in Focus - NTD
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Chinese property developer #Evergrande is collapsing. But its problems are just the tip of the iceberg. What lies under the water is the now-shaky pillar of the #ChineseEconomy—real estate.
What ugly truth is the Evergrande drama revealing about China’s so-called “economic miracle”? What does an at-risk economy mean for the ruling Chinese Communist Party?
⭕️ Watch the special report on @EpochTV👉https://ept.ms/EvergrandeCrisis5
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What ugly truth is the Evergrande drama revealing about China’s so-called “economic miracle”? What does an at-risk economy mean for the ruling Chinese Communist Party?
⭕️ Watch the special report on @EpochTV👉https://ept.ms/EvergrandeCrisis5
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Forwarded from China in Focus - NTD
Chinese property developer #Evergrande is collapsing. But its problems are just the tip of the iceberg.
In this special report, we look at what Beijing still has left up its sleeve—to convince the Chinese people to ignore widespread issues and human rights abuse, to preserve the economy. And examine exactly how far this teetering #DominoEffect could go.
⭕️ Watch the special report on @EpochTV👉https://ept.ms/EvergrandeCrisis5
⭕️Sign up with your email today to get FREE videos on @EpochTV👉https://epochtv.com
In this special report, we look at what Beijing still has left up its sleeve—to convince the Chinese people to ignore widespread issues and human rights abuse, to preserve the economy. And examine exactly how far this teetering #DominoEffect could go.
⭕️ Watch the special report on @EpochTV👉https://ept.ms/EvergrandeCrisis5
⭕️Sign up with your email today to get FREE videos on @EpochTV👉https://epochtv.com
www.theepochtimes.com
Christopher Balding: Inside China’s Evergrande Crisis, the Buildup Against Taiwan, and the Inner Workings of China’s Financial…
“The risk is not Evergrande itself … This is metastasizing into other areas.” We sit down with China ...
Forwarded from American Thought Leaders - The Epoch Times
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“The risk is not #Evergrande itself… This is metastasizing into other areas.”
Today, we sit down with #China expert #ChristopherBalding, a former professor at Peking University’s HSBC Business School and the Fulbright University Vietnam. We discuss the Evergrande debt crisis, the hidden inner workings of the Chinese economic and financial system, and Beijing’s increasing aggression towards #Taiwan.
👇WATCH NOW on @EpochTV:
https://www.theepochtimes.com/christopher-balding-inside-chinas-evergrande-crisis-the-buildup-against-taiwan-and-the-inner-workings-of-chinas-financial-system_4064946.html
Today, we sit down with #China expert #ChristopherBalding, a former professor at Peking University’s HSBC Business School and the Fulbright University Vietnam. We discuss the Evergrande debt crisis, the hidden inner workings of the Chinese economic and financial system, and Beijing’s increasing aggression towards #Taiwan.
👇WATCH NOW on @EpochTV:
https://www.theepochtimes.com/christopher-balding-inside-chinas-evergrande-crisis-the-buildup-against-taiwan-and-the-inner-workings-of-chinas-financial-system_4064946.html
Forwarded from EPOCH TV
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We discuss the #Evergrande debt crisis, the hidden inner workings of the Chinese economic and financial system, and Beijing’s increasing aggression toward #Taiwan.
🔵Watch in-depth videos based on Truth & Tradition at @EpochTV👉 https://ept.ms/EvergrandeCrisis6
🔵Watch in-depth videos based on Truth & Tradition at @EpochTV👉 https://ept.ms/EvergrandeCrisis6
Forwarded from 國際文宣組 IFC
Is China as rich and strong as they say? And why is that? 🙃
#CCP #China #evergrande #statecontrol #economy #DIYms #english
Source: https://www.economist.com/leaders/2021/11/13/evergrande-is-not-the-only-looming-danger-in-chinas-financial-system
#CCP #China #evergrande #statecontrol #economy #DIYms #english
Source: https://www.economist.com/leaders/2021/11/13/evergrande-is-not-the-only-looming-danger-in-chinas-financial-system
Forwarded from Crossroads with JOSHUA PHILIPP
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The collapse of one of the largest real estate developers in #China, #Evergrande, will have a huge impact on the entire Chinese economy.
🔥Watch Josh’s Live Webinar👉 https://ept.ms/ChinaEconomicCrisis
🔥Watch Josh’s Live Webinar👉 https://ept.ms/ChinaEconomicCrisis
Forwarded from Crossroads with JOSHUA PHILIPP
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As the real estate sector is directly linked to multiple areas of the Chinese economy, the collapse of #Evergrande could devastate both #China and the #UnitedStates
🔥Watch Josh’s Live Webinar👉 https://ept.ms/ChinaEconomicCrisis
🔥Watch Josh’s Live Webinar👉 https://ept.ms/ChinaEconomicCrisis
Forwarded from China in Focus - NTD
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Hundreds of #Evergrande property owners are protesting. They picketed a municipal government building in China’s Chongqing city on Monday.
They said they had paid for their unfinished properties, but #Construction had been suspended for months.
🔶Watch the full episode👉https://youtu.be/ia-CuTH66rM
They said they had paid for their unfinished properties, but #Construction had been suspended for months.
🔶Watch the full episode👉https://youtu.be/ia-CuTH66rM
Forwarded from China in Focus - NTD
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Two big #Shareholders of debt-trapped real estate company #Evergrande are selling their shares. One is aiming to save the company, and the other is trying to keep a distance from it.
🔶Watch the full episode👉https://youtu.be/wZrwKFSGyaU
🔶Watch the full episode👉https://youtu.be/wZrwKFSGyaU
Forwarded from 國際文宣組 IFC
Calling #math students what’s that???????!!!!
Oh no it’s just another chapter of the downfall of once this huge Chinese developer ….
#ccp #fuckccp #boycottchina #china #evergrande #bubble #meme
Oh no it’s just another chapter of the downfall of once this huge Chinese developer ….
#ccp #fuckccp #boycottchina #china #evergrande #bubble #meme
Forwarded from 📡Guardians of Hong Kong
Evergrande's crisis was 'a long time coming,' says banned short-seller Andrew Left
Andrew Left, an American short-seller banned from trading in Hong Kong for a damning report he wrote on Evergrande years ago, told CNBC the Chinese property developer's debt crisis was "a long time coming."
But he said he doesn't think Evergrande's situation indicates a widespread problem for China.
Left, the founder of Citron Research, was banned from trading in the Hong Kong markets after he published a 2012 report predicting that Evergrande would soon be insolvent.
His five-year ban ends next month.
Source: CNBC #Sep24
https://www.cnbc.com/amp/2021/09/24/citron-research-short-seller-andrew-left-on-evergrande-debt-crisis.html
#Andrew #American #Seller #Banned #Trading #Evergrande
Andrew Left, an American short-seller banned from trading in Hong Kong for a damning report he wrote on Evergrande years ago, told CNBC the Chinese property developer's debt crisis was "a long time coming."
But he said he doesn't think Evergrande's situation indicates a widespread problem for China.
Left, the founder of Citron Research, was banned from trading in the Hong Kong markets after he published a 2012 report predicting that Evergrande would soon be insolvent.
His five-year ban ends next month.
Source: CNBC #Sep24
https://www.cnbc.com/amp/2021/09/24/citron-research-short-seller-andrew-left-on-evergrande-debt-crisis.html
#Andrew #American #Seller #Banned #Trading #Evergrande
Forwarded from China News and Insights
Forwarded from China News and Insights
Forwarded from China News and Insights
Forwarded from 📡Guardians of Hong Kong aka BeWater HK
Washington is getting China wrong
Evergrande group, one of China’s largest property developers, is tottering on the brink of bankruptcy. Its founder, Hui Ka Yan, is scrounging to find the cash to meet payments on the $300 billion his company owes. Beijing has warned local officials to prepare for possible fallout if the gargantuan firm collapses. Around the world, financial analysts are wondering if Evergrande is China’s “Lehman moment,” the starting gun for a destructive wave of defaults that could take down the nation’s banks and set back the country’s—and the world’s—already shaky recovery from the pandemic-induced economic downturn.
Source: The Atlantic #Oct11
https://www.theatlantic.com/international/archive/2021/10/evergrande-china-us/620360/
#Washington #China #Evergrande #Economic #Beijing
Evergrande group, one of China’s largest property developers, is tottering on the brink of bankruptcy. Its founder, Hui Ka Yan, is scrounging to find the cash to meet payments on the $300 billion his company owes. Beijing has warned local officials to prepare for possible fallout if the gargantuan firm collapses. Around the world, financial analysts are wondering if Evergrande is China’s “Lehman moment,” the starting gun for a destructive wave of defaults that could take down the nation’s banks and set back the country’s—and the world’s—already shaky recovery from the pandemic-induced economic downturn.
Source: The Atlantic #Oct11
https://www.theatlantic.com/international/archive/2021/10/evergrande-china-us/620360/
#Washington #China #Evergrande #Economic #Beijing