- Joined
- Apr 9, 2007
- Messages
- 52,701
- Reaction score
- 24,720
- Evergrande is China's 2nd largest real estate firm. They have around $303 billion in liabilities. This is the highest liability of any company anywhere in the world. That is 2.1% of China's GDP.
- Some Western institutions and firms have also invested big in Evergrande
- The situation with Evergrande is being described as China's Lehman Brothers.
- Some experts say Evergrande is too big to fail, that the CCP will bail them out. While others say the CCP will not, as a warning to other large companies who think the State will bail them out if they make bad decisions
- Big American banks and investment houses hold over $1.3 billion in Evergrande bonds but most of this is in Evergrande owned companies that are seperate from its real estate business.
- Evergrande sold apartments to millions of Chinese, that are yet to be completed.
----
What is Evergrande? The Chinese property giant behind global selloff fears
The developer’s predicament could deal a serious blow to the world’s second-biggest economy as Beijing faces what may be one of its largest defaults.
https://www.nbcnews.com/news/world/...ty-giant-behind-global-selloff-fears-n1279929
Evergrande collapse could be ‘worse’ than Lehman for China, according to man who predicted Enron collapse.
Evergrande’s recent warnings that it may default on its $300 billion in liabilities have spooked markets globally
https://www.foxbusiness.com/markets...uld-be-worse-than-lehman-for-china-jim-chanos
China Evergrande contagion concerns rile global markets
https://www.reuters.com/world/china/china-evergrande-shares-plummet-default-risks-2021-09-20/
----
YouTuber Asianometry has a good synopsis of the history and downfall of Evergrande.
- Some Western institutions and firms have also invested big in Evergrande
- The situation with Evergrande is being described as China's Lehman Brothers.
- Some experts say Evergrande is too big to fail, that the CCP will bail them out. While others say the CCP will not, as a warning to other large companies who think the State will bail them out if they make bad decisions
- Big American banks and investment houses hold over $1.3 billion in Evergrande bonds but most of this is in Evergrande owned companies that are seperate from its real estate business.
- Evergrande sold apartments to millions of Chinese, that are yet to be completed.
----
What is Evergrande? The Chinese property giant behind global selloff fears
The developer’s predicament could deal a serious blow to the world’s second-biggest economy as Beijing faces what may be one of its largest defaults.
https://www.nbcnews.com/news/world/...ty-giant-behind-global-selloff-fears-n1279929
Evergrande collapse could be ‘worse’ than Lehman for China, according to man who predicted Enron collapse.
Evergrande’s recent warnings that it may default on its $300 billion in liabilities have spooked markets globally
https://www.foxbusiness.com/markets...uld-be-worse-than-lehman-for-china-jim-chanos
China Evergrande contagion concerns rile global markets
https://www.reuters.com/world/china/china-evergrande-shares-plummet-default-risks-2021-09-20/
----
YouTuber Asianometry has a good synopsis of the history and downfall of Evergrande.
Last edited: