Evergrande reddit So Evergrande doesn't need to pay back money owed overseas then. It is Evergrande that has allegedly committed the biggest fraud in Chinese history, not Beijing. A place for major news from around the world, excluding US-internal news. I’ve been reading a lot about BRICS and seeing different viewpoints from a lot of different people. Bringing together the two biggest ape armies, GME & AMC🚀 No more division! “Apes Hold, Apes Buy” Posted by u/traditionalman16 - 21,393 votes and 1,414 comments. Few articles actually address the 90 million empty living spaces backdrop to Evergrande’s face-plant on the main stage of the world. With Evergrande now being forced to liquidate following its ongoing default process, along with China generally weakening, how will the US be effected? I don't think there will be much effect. was $600 BN so you are correct in that the $300 BN from Evergrande is not as much as Lehman, but that is only immediate exposure. The CCP will likely backstop the loans and in the worst case scenario, nationalize some of its banks that would come in the event of a full collapse of the property market/banking system. Das US-Geschäft soll im kommenden Jahr vollständig ausgegliedert und an die Börse gebracht werden. - But, Lehman Brothers was a US bank broadly diversified across many industries. Both has low cash reserve, less than 10%, huge debt/sale. Evergrande has been calling their inventory assets for years and has never really written any of it down to reflect reality. (And that concerns over it in posts I’ve seen on Reddit are, in my opinion), a tad exaggerated and a couple had outright misinformation. Who's gonna trust these Chinese companies 1. Or they’ll find a way to erase/fix it up again within their own borders. Evergrande defaulting on almost a trillion dollars is not that different from the nightmare ripple effect of the Fannie Mae/Freddie Mac ARM debacle of 2007/2008 that led to a global recession. What's interesting, is that if you want cats or dogs in your home, you have to prove that you have enough square feet in your home for comfort of the animal. To establish a lunar base or go to Mars, understanding how to protect and repair the human body during spaceflight is a necessity. Evergrande may be the worst, but the panic and clamp down caused by evergrande failing might easily lead to the others falling one-by-one. This could lead to a fine of over half a billion dollars. 6 billion in total liabilities, including 35M subscribers in the worldnews community. 18 billion yuan Hengda allegedly inflated revenue in two years through 2020 China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history. Evergrande Spring. 7 billion of dollar bonds due 2025 spiked as high as 11 cents. Evergrande's liabilities are tens of times that guy's wealth lmao. 3K votes, 611 comments. , Ltd. Trata-se da maior do mundo para o setor. Hong Kong CNN — Chinese regulators have accused Evergrande and its founder of inflating revenues by $78 billion, putting the insolvent property Evergrande isn’t the only reason the stock market is headed lower, here are 7 other reasons Resources reddit has been predicting a crash since april 2020. 8. It's affecting every single operator in the Chinese real estate industry which by some measures is 30-40% of their GDP. China Evergrande announced on the Hong Kong Stock Exchange that on November 17, 2021, a wholly-owned subsidiary of the company entered into an agreement with United Resources Investment Holdings Co. I predict a similar consequence to china's real estate developer crash to 381 votes, 43 comments. Marco Metzler, former Fitch analyst and now of DMSA (Deutche Mrkt Screening Agentur GmbH) has announced that the past due interest payment on China Evergrande Group’s offshore international bonds that all of the western media reported as supposedly paid by HONG KONG (Reuters) -Chinese state-owned Yuexiu Property has pulled out of a proposed $1. There are fears the collapse of one of China's biggest property companies could spark wider turmoil in the world's second largest economy. If Evergrande goes under, then JP Morgan wont directly take too big a hit. We are here all together and I personally feel it is about the movement and not about the fellow ape. 9K votes, 193 comments. Reddit is pretty much the only place talking significantly about this. The vast majority of Evergrande's operations were in China. Units, Warrants and the best DD on Reddit. I think it also made it on the local English news too if I remember correctly, but just a 10s line. There was no doubt that Evergrande was going to default. China is allowing a controlled demolition of Evergrande. They can't make an 84million USD payment but hve 300billion USD in liabilities with 100billion in debt (that we know of, China fabricates a lot of balance sheets). If the stock go’s up you will be margin called and if you don’t put more money in they will close your position. (Potential DD) If Evergrande don't get a Chinese government bail out and collapse, what do you thin the implications for Bitcoin will be. Not official Reddit's largest economics community. 18K subscribers in the PwC community. 492K subscribers in the collapse community. Breaking News: A Hong Kong judge ordered the liquidation of China Evergrande, once China’s biggest property firm, which was felled by massive debt. On top of that, Country Garden is another land developer that is on brink of going under and it is a even bigger housing developer than Evergrande. Evergrande also has a 49% ownership of Evergrande Spring a bottled water segment of the overall Evergrande Group. It's also uncertainty because Evergrande won't be a disaster like Lehman since Asian communist world doesn't work like Westerners. Please read the sidebar for more information. The place for news articles about current events in the United States and the rest of Evergrande have interest payments due today, and a larger amount on Thursday, if they can not come up with a payout from somewhere (CCP) they are going to default within 30 days. Evergrande, one of China's largest property developers, had been facing severe financial troubles, with concerns over its massive debt and potential default on its obligations. Once they had the contracts, they used cheaper materials and cut corners at probably every stage of development. 1 billion, according to a report in Nikkei Asia. If Evergrande don't get a Chinese government bail out and collapse, Bitcoin was born after a crisis. I remember something about seeing artwork of a much bigger Evergrande city somewhere. From the article: China’s Evergrande Group — once the country’s second-largest property developer — filed for bankruptcy in New York on Thursday. 79%. They are not the only company though, other real-estate companies are also facing liquidity problems and it looks like Evergrande Has officially filed for Bankruptcy protection in China. The judge's order is something of a nail in the coffin for Evergrande, once China's biggest real estate firm, which has been in a two-year limbo and is now over $300 billion in debt. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. , pursuant to which the seller agreed to sell and sell the house and agreed to purchase Hengteng Network I don't expect the Chinese government to let Evergrande and other property developers/corresponding banks to collapse. A bankruptcy of Second article posted on Reddit in the last hour or two about large real estate companies in China sucking wind. Weren't there offshore bonds just suspended (16th)? Domino effect inbound. Not to mention, Blackrock and other important firms like Gold Sach are also long with bonds on Evergrande. There are talks now of another big Chinese company buying it out. Evergrande 2nd largest real estate developer in China Evergrande racked up 300B USD in debt, that debt is the GDP size of countries like Ireland, HK, Portugal and Denmark Creditors now unwilling to accept their bonds and demanding payments If Evergrande goes under it will be the largest bulk real estate liquidation ever. . They are selling Viet stocks to go buy cheap Evergrande and most China real estate developer bonds were rated junk since forever, they were promising something like 10-15% interest when investment grade bonds were more like 6-7%. SPAC Traders: If this current squeeze madness all feels familiar My guess is that because China is so isolationist it’s generally expected that although the Evergrande collapse is huge much of that damage will be contained to China itself. 6% in the first week of 2024 after it said last Monday that plans for it to sell shares to U. The China Evergrande Group is the second largest property developer in China by sales. IMO, they've defaulted and never made any payments. Buy this park from Evergrande pennies on the dollar and host a battle royale themed game and bring in live streamers as players. HK). This past Tuesday I reported that Dr. so fine to file bankruptcy in New York. Evergrande Group. A community for discussing China and topics related to it. this Interest is due on Monday the 20th and they have no liquidity to pay this debt unless they offset some gold or the CCP weighs in some-how, which ELI5: Evergrande collapse in China, how does this affect the ordinary Westerner when it's a Chinese problem I keep reading about how this is such a big deal and we should be wary of it but no explanation as to how it would affect people outside of China if it were to completely collapse and not bailed out Evergrande Real Estate Group Ltd Evergrande discloses $3m investment by founder’s wife to placate investors Evergrande’s US-dollar bonds maturing next year are trading at 31 cents on the dollar, and its share price has collapsed 82 per cent this year as doubts grow over its ability to repay its $89bn debt pile. Posted by u/SilverSalad42 - 47 votes and 8 comments Evergrande Health is also planned and operated by the Evergrande Auto Group (00708. 33M subscribers in the worldnews community. How does it affect crypto? Well, if the whole economy starts crashing, the first place where investors will withdrawl money from is from the most volatile investments. October 30 2021 - By Stan Szymanski. Twitter thread has ideas on how to play it if it happens. Total debt of Evergrande is 300 billions, and just because of some shit, total crypto market lost more than 400 billions in capital while we're not directly eat shit from that. 1 Billion (USD) was indebted to the United States at year end of 2020. For those that are unaware Evergrande is the largest real estate dev in Asia. View community ranking In the Top 1% of largest communities on Reddit. Still, early last year, Evergrande and its creditors were seemingly near an agreement to overhaul the company’s offshore debt load. This situation has sparked fears of a potential domino effect that could impact not only the Chinese economy but also have ripple effects globally. shipping company, passed away at the age of 50 in a car accident. Financial Penalties: The inflated figures, amounting to about $78. com, on February 12, 2024, Angela Chao, Chairman and CEO of Foremost Group, a large U. Evergrande will fail, but the question is, will be it a Lehman Brothers moment in China (and therefore, globally)? Or is this nothing serious to be concerned about? 🔎Citadel connected to Evergrande through longs on invesco? Whom holds offshore bonds for Evergrande. marketwatch isnt much better Quick summary: Evergrande is a real-estate developer from China that has $305 billion of liabilities and cannot pay of their debt. Now let see how fast Country Garden and Sino-Ocean jump on the bankruptcy wagon behind Evergrande. making it the 152nd largest group in the world View community ranking In the Top 1% of largest communities on Reddit. r/Evergrande: A place to discuss about Evergrande, the Chinese housing bubble, and its impact on the global financial market I've been hearing around reddit about a company called "Evergrande" who has been expanding real-estate faster and faster so they can get more investors and in turn start more projects. , follow Evergrande into default amid an economic slump that officials have struggled to fix. 3K votes, 234 comments. It has no inhabitants, no houses, nothing. 8K votes, 262 comments. 1K votes, 399 comments. The outlet cited a China Evergrande Group received a liquidation order from a Hong Kong court, setting off what's likely to be a daunting process to carve up one of the biggest victims of a r/Evergrande: A place to discuss about Evergrande, the Chinese housing bubble, and its impact on the global financial market O mercado financeiro global abriu a segunda-feira (20) em derretimento com notícias preocupantes do grupo de construção chinês Evergrande, levantando preocupações com um possível "alerta de There were reports in 2021 that Wechat and weibo censored every some discussions of retail lenders of Evergrande, as you said without direct contact with Chinese people it’s hard to know anything about the situation, and even with direct contact you only get a glimpse of it. Silver, DD and dank silver memes, Breaking the COMEX, one waifu at a time. China may (unlikely) have been able to deescalate this toxic bond race after years of surgical policy application but someone got a hankering for some bat in one of their street markets China has already told the CEO of Evergrande to repay with his own money, they aren't getting help from the CCP. Country Garden from China surely plans to file bankruptcy in New York. We Love Silver and Meme Creators. Their goal is to confine the fallout from Evergrande to only Evergrande or maybe real estate but not a 2008 collapse because of a firewall they’ll build out of cash as long as the yuan can support it. VIX is the ticker symbol and the popular name for the Chicago Board Options Exchange's CBOE Volatility Index, a popular measure of the stock market's expectation of volatility based on S&P 500 index options. Today's game schedule (all time JST @ jleague. We have written rules to support this aim and welcome those who want to learn and those who want to contribute. You also have the massive problem of housing being the source of wealth for many Chinese. x upvotes · comments View community ranking In the Top 1% of largest communities on Reddit. Lehman Bros. Evergrande’s default plunged China’s housing market into crisis, pushing other developers into trouble and leaving many Chinese households despondent about housing, the main store of wealth for most families. It’s the same thing happening in so called democratic and capitalist societies. 1. BRICS is a political-economic alliance between primarily Brazil, Russia, India, China, and South Africa along with several other member states that were just admitted (can't remember off the top of my head and I also don't feel like looking up who), so it's very much anti-United Evergrande’s liquidators are preparing for a potential lawsuit against PwC, which audited the now-collapsed Chinese property group for over a decade, in a move that could lead to the Big Four accounting firm facing a high-profile negligence claim. Expand user menu Open settings menu. Be sure to tag your spoilers using the appropriate spoiler flair, and remember to maintain proper Redditquete. If China Minsheng goes under, then JP Morgan's exposure to them is also limited. Answer: Evergrande, a Chinese property developer and the most indebted corporation in the world, has defaulted on its debt after failing to make its A court in Hong Kong on Monday ordered China Evergrande to be liquidated in a decision that marks a milestone in China’s efforts to resolve a crisis in its property industry that A Evergrande, gigante do mercado imobiliário da China, acumula uma dívida de US$ 300 bilhões - o equivalente a R$ 1,47 trilhão, na cotação de hoje, 29. Evergrande’s stock is trading at a whopping 13 cents and continues to drop each and every month. 27M subscribers in the news community. As Evergrande’s financial position has gotten progressively worse in recent months, investors have come to expect little back. Reddit treibt seine IPO-Pläne vor. Evergrande shares fell as much as 87 per cent on Monday after trading in the Chinese property developer’s stock resumed for the first time in almost a year and a half and the company delayed Embattled Chinese real estate group Evergrande is facing 1,317 lawsuits with a combined claims of about $45. 7 billion deal to buy China Evergrande Group's Hong Kong headquarters building over worries about the developer's dire financial situation, two sources said. Discussion regarding the potential collapse of global civilization, defined as a Evergrande is the biggest developer but if there are more defaults in the sector then you're getting into the region of about a trillion in defaults if enough dominoes fall. Please check the stickied FAQ post and read the rules and regulations of the subreddit to see whether your post is violating any rules. half of WSB got wiped out because they were short expecting the next leg down. They could have called it Evergrande Route, Route 135, just Evergrande, Pokémon League and it wouldn't have made even the slightest difference. As in, Evergrande blowing up would trigger the Chinese stock market and/or economy to implode, causing a massive black hole for international financial institutions, particularly in the US. Its $4. So if there's more to come after Evergrande default then that's gonna be a bad time for everyone. Not at the group level, the Evergrande’s debt has mushroomed since Left wrote about the company in 2012. Evergrande Is China’s Economy in a Nutshell. Serving as a central forum for users to read, discuss, and learn more about topics related to the economic discipline. As of the press time, ChinaEvergrande falls 1. The Chinese real estate system has 3. Investors are urging China's government to step in to save Evergrande, a giant conglomerate that's over $400 billion in debt. Not trying to sound dumb but at the tail end last year so many people were scared with the news of Evergrande collapsing. But a lot of financial experts coming specifically from the United States keep saying that they won’t be able to substantially impact our currency and therefore economy, but I can’t help but feel that this sounds a lot like back when Nokia said Apple couldn’t make a phone. The Evergrande Group is China's second-largest property developer by sales. Don't quote me on that though because my memory could just What is Evergrande's significance in this context? More than two-thirds of Evergrande's debt, we believe, is ultimately owed by other distressed real estate developers and companies within the supply chain. Evergrande is NOT the only housing developer that is in deep water. No news of executives being held hostage, no systemic risk discussion, nothing about a contagion. 268 votes, 165 comments. Second, even if Evergrande goes under the changes in banking regulations since 2008 means that no single bank should have excessive exposure to one entity. This could be a headline about JP Morgan. Conglomerado de construção civil tem dívida de US$ 300 bilhões e dá indícios que pode dar calote, comprometendo mercado de commodities, bancos e todo o financiamento da economia chinesa. The greatest fear is that this could cause a domino effects throughout the Chinese market as the structural issues Evergarnde has that led to the bankruptcy is in every other dev in China. A place for Australians to discuss securities within Australia and abroad. 3M subscribers in the UrbanHell community. It’s the 2nd largest property property developer in China with over $300 billion in debt. It also represents another blow to Chinese and foreign investors who have lost confidence in the country's economy in the past few years, as China's growth pace has slowed down in a way r/Evergrande: A place to discuss about Evergrande, the Chinese housing bubble, and its impact on the global financial market. This is the place for most things Pokémon on Reddit—TV shows, video games, toys, trading cards, you name it! Same. There were a lot of crazy-ish theories around Evergrande 1-2 years ago, but even then, this was for 'big picture' context at best. The one person who is overjoyed at all this news is probably Andrew Left, who predicted the fall of Evergrande which earned fines and a temporary ban from Hong Kong's authorities back in 2016 for "market manipulation". Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Evergrande may have less than $30 cash in accounts and their assets don't “The 1-cent-on-the-dollar price on the bonds, they say, sends a warning to investors as other Chinese companies, including Country Garden Holdings Co. I am exhorting all mods to ban thee and thy useless rhetoric so that we shall not be It was estimated that 104. 23, Please note that as a topic focused subreddit we have higher posting standards than much of Reddit: 1) Please direct all advice requests and beginner questions to the stickied daily threads. Evergrande Spring has also been discussing a Hong Kong-based IPO to help provide liquidity to Evergrande’s debt crisis. If Evergrande really made payments, why hide the identity of the source? " Evergrande, the world’s most indebted property developer, is set to formally enter default on Oct. 7 billion. Hi u/chinesepepega, thank you for posting on r/VioletEvergarden!. Here is a statue commemorated in his honor, generously paid for by the Genuinely Massive Extremity foundation (GME. Evergrande Group, Mainland China’s second-largest property developer, filed for bankruptcy in New York on Thursday. China always had a real estate problem and instead of stimulating, they are actually trying to ride the wave towards a stronger economy. )" Except MSM hasn't spoken about Evergrande except these little snippets about them going under. comment sorted by Best Top New Controversial Behind Angela Chao's death: Deep tie with Evergrande case/Too late to quit CCP's military enterprise According to Chinese media Caixin. I believe it will bring the whole world economy down. A photography subreddit of all the hideous places human beings built or Banks with huge CRE exposure in China gets fucked, but they practically treated it as generational tax loss harvesting since the initial reporting of how fuck Evergrande was gonna be and spent the last 2 years recovering as much as possible From Bloomberg News reporters: Chinese authorities are examining the role of PricewaterhouseCoopers in China Evergrande Group’s accounting practices after the developer was accused of a $78 billion fraud, ramping up pressure on the global accounting giant that audited a slew of developers before the sector’s meltdown. 160K subscribers in the neoliberal community. The View community ranking In the Top 1% of largest communities on Reddit. What they win with this? Fee’s . If they fail to pay this week, it will be taken a sign they are not getting bailed out, their share price will tank even more and investors will lose all confidence. No one or institution has gone on record confirming that they received payments from Evergrande. Well, we won't be seeing Evergrande make these anymore, that's for sure! Shakespeare-Bot, thou hast been voted most annoying bot on Reddit. 4K subscribers in the gmeamcstonks community. Is this topic nowadays just gone? Was it not that critical and what happened to that „dr whatever“ who reported about this topic and that they filed for bankruptcy etc. Evergrande Collapse . It ain't even just about Evergrande anymore, on the 1st half of 2021, more than 165 developers went bankrupt in China. 386K subscribers in the GME community. China’s Evergrande files for bankruptcy. China’s economic model has run out of road, and the process of putting it on a new track is likely to bring more Evergrande-like mistakes Teetering Shenzhen property conglomerate China Evergrande is the Chinese economy in miniature. The property sector and related industries were between a fifth and a third of the PRC economy. 5. Marco Metzler, former Fitch analyst and now of DMSA (Deutche Mrkt Screening Agentur GmbH) has announced that the past due There was no doubt that Evergrande was going to default. Not a good couple of years for PwC, from getting sued over Evergrande to getting dropped by Chinese state firms. Get app Get the Reddit app Log In Log in to Reddit. "A Hong Kong court last week ordered liquidation of Evergrande’s $245 billion in worldwide assets. So when Evergrande was facing mounting debt from the real estate bubble, the CCP took a sledgehammer to their debt problem, and made it a full-blown bankruptcy crisis. So its entirely on the same level as the assets that Lehman Brothers had. Countless of local land developers had gone belly up and never made to media. We maintain 3 core labs - a biosciences lab, hardware/CubeSat Lab & biological language modeling/AI Lab enabling the development of countermeasures against diseases associated with stressors resulting from spaceflight. The question at the beginning was "is the Chinese government going to step in and help or let it all crash and burn?" That has been answered now. Evergrande City has nothing "Grand" about it. What's the future of Evergrande and what will it's impact be on the Cryptocurrency in the future? Is there anyone who's a bit more familiar with the We are Silver Degens. Ocean Flower Island, the largest artificial island, where 39 Evergrande buildings have been given 10 days to be demolished due to illegal permits. The nation’s top securities regulator said the developer’s 68K subscribers in the ausstocks community. Evergrande: A Deep Dive (Part 1) valueinvesting. 💡 Education Locked post. S. Chinese developers Country Garden and Evergrande have $500 billion in debt. The Evergrande Group or the Evergrande Real Estate Group (previously Hengda Group) is China's second-largest property developer by sales, making it the 122nd largest group in the world by revenue, according to the 2021 Fortune Global 500 List. Real state represents 30% of China's GDP and that could be way worse than what we had in 2008. 5x the leverage the US had in 2007 If you haven't kept up with the Chinese economy this week this is a good short little recap. AI Summary: Evergrande's Fraud: The China Securities Regulatory Commission found that Evergrande's main subsidiary, Hengda Real Estate, fraudulently inflated sales and profit figures in 2019 and 2020. In his report, Left said that the real estate firm had net debt of $11. This is the place for most things Pokémon on Reddit—TV shows, video games, toys, trading cards, you name it! Members Online. This compounded on top of an already shaky bond market in China If Evergrande goes under it will have repercussions in the entire Chinese money system, and all markets will be affected! People see what happened to Evergrande and Country Garden and they see similarities, hence the discount. We have Evergrande, China’s second largest real estate company teetering on the edge of collapse and the gov’t has said that they WILL NOT bail them out. Evergrande is nearing bankruptcy; Chinese stock and bond markets tumble. Last year, according to Bloomberg, it had $301. The group received a liquidation order from a Hong Kong court, marking the largest collapse in the China Evergrande Group has sought Chapter 15 bankruptcy protection in New York courts, If you're interested in just politics, see our wiki on "relevant subreddits" and post to those Reddit communities instead without linking back here, thanks! I am a bot, If you are wondering why the whole crypto market is bleeding this is why. Both racked up huge debt compared to national GDP. Evergrande is not. Take it as you will, but. last year the interest to pay was 5B but now that theyre 300 billion in debt they have to pay much more interest on that. Even the people who think the story is a nothing burger knew it was going to default. Probably linked to the fall of Evergrande would be my guess. Youth employment is 20% at a I’ve been reading a lot about BRICS and seeing different viewpoints from a lot of different people. A space to discuss one of the Big 4, PricewaterhouseCoopers. Free trade, open borders, taco trucks on every corner. 472K subscribers in the China community. Their numbers are simply more impressive than everyone else's but it's important to remember that this crisis is systemic. It is calculated and disseminated on a real-time basis by the CBOE, and is often referred to as the fear index or fear gauge. Currently, we are having an event celebrating our subreddit milestone of Evergrande did not receive it's foreign bond interest payments yesterday, a Reddit user named 'shrimp_dick69' predicted The Great Crash of '21. Hilarious how you're eating CCP propaganda about how they are making "the rich men pay". Lots of people not reading the article properly and posting hot takes that miss the point. $500B total. Advertisement Coins. 4 billion, were used to sell bonds. The question at the beginning was "is the Chinese government going to step in and help or let 33M subscribers in the worldnews community. Evergrande - without government intervention (which China has signaled they don't intend to bail them out - is about to economically meltdown. A Community for topics directly related to GameStop. Representatives for Evergrande, CICC, BOCI and the Guangdong government didn’t respond to requests seeking comment. ViX below 16 - fear is low. Reply reply Reddit's largest professional wrestling community 2. Silver, Economic Dystopia, Lewds, Waifus, OC post it all :D This is a place where all Meme Creators can shit their art all over the place :P *This sub contains some NSFW content* *English posts please!* Evergrande inflated revenue by more than $78 billion (Bloomberg) -- China Evergrande Group, the defaulted developer at the heart of China’s real estate crisis, Reddit is a US based site it's okay to speak English here and call it The Salvador Reply reply More replies. It's a city for the sake of being a city. Welcome to GameStop, r/GME. All viewpoints and opinions are welcome here, but Impact on Hui and Evergrande: Hui's personal wealth has plummeted, and Evergrande's stock was eventually suspended from trading. China Evergrande, the most in-debted real-estate company, heads for bankruptcy court News We have been watching this slow moving train-wreck for a couple years now. This is what market contagion looks like. The article is in chinese so you probably need to translate it to understand. The Chinese government seem to be trying hard to limit the fallout from the bankruptcy. -listed NWTN had been scrapped. I’m no expert, and have no sources on hand, but if these are Evergrande buildings, then they were probably bribing local officials to falsify consensus data to justify building unnecessary housing/buildings. Furthermore, Evergrande's bonds are tanking hard and HSBC holds a bunch of their high risk bonds. When one company is that big and represents a significant chunk of a wealthy nation's assets, it'll affect our increasingly globalized economy in more ways than one. 109 votes, 21 comments. If you buy a CFD the broker will buy the underlying asset, in this case, they will short evergrande. A photography subreddit of all the hideous places human beings built or The property market in Vietnam, just like in China, is experiencing a cool down period and the next 10 years is not good for Vingroup if they only focus on property. 🚀 the premier place on Reddit to discuss Eldar, Dark Eldar and Harlequins for Warhammer 40,000! "The forced liquidation of real-estate giant China Evergrande means Château Montebello, the world’s largest log cabin and one of Canada’s most storied hotels, will again be up for sale. Goldman also invests into Evergrande, as well as blackrock. Because they own over 28 million shares in Evergrande (ishares = BlackRock owned ETF). Very few of the real estate companies are doing well. But I bet they try to hide it. Members Online. Evergrande is in one industry and only one industry. We both use the same “communist” banking structure where citizens sign over their income from money creation to State for distribution, where that’s the current process of money creation in all supposed democratic capitalist nations without our express Western hedge funds that saw a killing in billions of Evergrande bonds stunned when government handed out 99% haircut instead, sources say Shares in the electric vehicle (EV) manufacturing unit of property developer China Evergrande Group fell 18. Everyone gets a go pro and a phone. Der Evergrande’s winding-up hearing was pushed back multiple times after Top Shine Global, one of Evergrande’s offshore creditors, filed a petition to liquidate the company in June 2022. The Evergrande crisis highlights the flaws of the debt-based fiat system, managed by large organizations and governments. PBOC is already starting to cut rates and they stopped releasing youth jobs data. 15 - they were selectively paying on US-denominated bonds by stiffing contractors and their customers. 6K subscribers in the Evergrande community. true. The article is in chinese so you probably Die Akquisitionsphase bei Holcim ist beendet. Evergrande's debt is equivalent to 2% of China's GDP, here you can see the crumbling debt-based fiat system. I bet this has major impact. It is ranked 122nd on the Fortune Global 500. I'm an idiot not a professional' and decided to make real life financial decisions based on a random reddit post, There are also striking similarities between Evergrande group and Vingroup in terms of financial. Was really hoping they would have a giant city centered around the league. LONDON, Oct 7 (Reuters) - 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. New comments cannot be posted. Reddit's largest economics community. Took 2 years for Evergrande to finally file Ch. - Right now, Evergrande has $200B~ in assets, and $300B in unserviced debt. Also, VN market is entirely speculative from the point of view of international investors. Evergrande Implodes, But China WON'T Collapse. r/Evergrande A chip A close button. Open menu Open navigation Go to Reddit Home. Same thing happened in China a few years ago, when Evergrande (one of the biggest property developer in China), decided to make electric cars. Evergrande is merely the flagship of the crisis that is the Chinese real estate bubble. feels strange that chinas housing market is completely out of the news and I haven’t read any legit update about the situation yet. Occasionally the phone will notify players of weapon cache locations or places They want Evergrande to fail to make an example of monopolistic entities, which China believes have no place in their country Did some high-level guy from China call you to tell you that, or any other source on that? Or are you just mirroring the other similar reddit comments posted here in the past few days ? So apparently evergrande was going bankrupt and default X times the last 5-6 months. The sources have all been anonymous. CSRC fines onshore developer unit Hengda 4. A place to discuss about Evergrande, the Chinese housing bubble, and its impact on the global financial Evergrande was just building in hopes for people to buy but nobody bought, they now owe interest on there debt. Dumbest thing I ever seen in my life. Reddit Get the Reddit app Scan this QR code to download the app now. Answer: they can certainly introduce the currency, but the USD is *very* dominate in the global market. Chinese regulators blocked an earlier restructuring deal after they barred Evergrande from issuing new securities, which was a key feature of the plan. substack. People fail to understand how much exposure Blackrock and Vanguard have on Evergrande, not to mention all the major banks in I want to share this as a reminder. The Evergrande news made it to the local Chinese radio and Chinese youtube influencers a while back. jp) 19:00 Kashima Antlers vs Guangzhou Evergrande Reddit Stream link (auto refreshing live thread tool) Evergrande’s winding-up hearing was pushed back multiple times after Top Shine Global, one of Evergrande’s offshore creditors, filed a petition to liquidate the company in June 2022. A short seller saying a company has liquidity problems ten years before it defaults is not significant, but Left was claiming that Evergrande was already trading while insolvent (a criminal offence in many jurisdictions), was unreasonably and unsustainably over-leveraged even when it only had a It is worth mentioning that Vanke and Evergrande have monopolized the top two of China’s 500 real estate companies for three consecutive years. Coffin homes in China: where the poor are forced into a "home" the size of a closet. iozoj xdoqcz pmmat brbcy fbxtr wqxcgnot nrwh nzm ssfidp rlcv