Financial News
Written by: Zhang Weilun
2020-09-28 23:21
Last update date: 2020-09-28 23:21
Last week, a document about China Evergrande (3333) hoped that the Guangdong Provincial Government would support its reorganization. Otherwise, it may cause a break in the flow of funds. Evergrande immediately issued a notice to clarify that the relevant documents and screenshots are fabricated out of thin air and are purely defamatory.
ANZ Bank issued a report stating that the incident poses risks to the mainland property market in the next few quarters. More developers may face deleveraging challenges, but the market is not facing systemic risks.
Wang Rui, a senior China economist at ANZ Bank, published a report, pointing out that the incident has deepened market participants’ worries about developers’ liquidity conditions and leverage ratios, and estimated that 20% of developers listed on A-shares have leverage ratios exceeding Three red lines.
The report also pointed out that mainland developers will have 526 billion yuan in corporate bonds due next year, and offshore bonds will be 50 billion US dollars. If the three red lines are implemented next year, developers will extend or repay their debts.
The bank also pointed out that even though the bond market may be under pressure, it does not believe that there will be systemic risks in the mainland property market. It also pointed out that developers have been deleveraging for more than a year, while debt growth has slowed down, and there are different business restructuring effects. ; It is also expected that the government will implement new measures on a trial basis. I believe the actual impact is lower than expected.
China's Evergrande stocks and debt counterattack, six major investment banks rarely support
China Evergrande rebounded by 10% to clarify that operations are normal and healthy and financially sound
Evergrande back to A | Shenzhen and Shenzhen Housing responded to the reorganization, saying that it is communicating with all parties to advance
Evergrande Index is currently operating normally and healthy and plans to achieve sales of 200 billion RMB in September and October
Evergrande strongly condemns the restructuring rumors that it is difficult to stop the stock price falling 10% analysis: do not worry about liquidity issues
China Evergrande