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"Cash-strapped developer China Evergrande Group has begun repaying investors in its wealth management products with real estate... The company said in a WeChat
by gammarator 5y ago
"Cash-strapped developer China Evergrande Group has begun repaying investors in its wealth management products with real estate... The company said in a WeChat post dated Saturday that investors interested in redeeming wealth management products for physical assets should contact their investment consultants or visit local offices."
https://www.reuters.com/world/china/evergrande-begins-repaying-investors-with-discounted-properties-bloomberg-news-2021-09-19/ https://www.reuters.com/world/china/evergrande-begins-repayi...
- tg180 5y agoDo they have $300+ billion in real estate assets? In this case the risk of contagion of the whole sector is not negligible.. If they are flooding the real estate market with properties, the value of a building decreases for everyone.
- LurkingPenguin 5y ago> Do they have $300+ billion in real estate assets? If you believe that, I have a bridge in Xiangcheng to give you.
- WalterSear 5y agoThe contagion can't spread to the rest of the sector... because the rest of the sector is already involved. https://twitter.com/TheLastBearSta1/status/1435720036073807884 https://twitter.com/TheLastBearSta1/status/14357200360738078...
- galuggus 5y agoIt helps that the government can set prices