4 replies to this topic

[SemiBizz]

https://www.reuters....ext-2024-01-26/

 

https://asia.nikkei....ncy-arrangement

 

https://fortune.com/...dation-hearing/

 

https://www.investor...ry-of-the-show/

 

 

China SOVEREIGN RATING WAS ALREADY CUT

 

CHINA AND HONG KONG BANKS RATINGS CUT

 

Evergrande alone stands to have to liquidate $300B in Assets

 

Then there's the other pack of rabid dog Chinese R.E. Developers.

 

 

This is another GREAT FINANCIAL CRISIS in the making.

 

Know more on Monday !

[pdx5]

Debt is breaking records all over the place. Trade safely.

[SemiBizz]

GAME ON

 

Jan 28 (Reuters) - Chinese property developer Evergrande (3333.HK), faces imminent liquidation after its overseas creditors failed to reach an 11th-hour deal this weekend to restructure the sprawling real-estate company, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

 

Talks between the company and its top creditors kicked off last week over a new plan that would have allowed the company to continue its operations, according to the report

[SemiBizz]

@cnnbrk

·

33s

 

Evergrande, China’s embattled property giant, ordered to be liquidated by a Hong Kong court, state media says

[SemiBizz]

Correct me if I am wrong. The moment these assets are liquidated. All the loan losses will have to be marked. Every ETF, derivative and any attaching asset will also have to be marked. We're screwed here. This is going to reverberate not just in China, but all around the World, $300B at an estimated 3% recovery rate is not just a flesh wound - They are going to try to stretch this out to mitigate the damage. They have already started in the US Futures market