Xu Jiayin, chairman of Evergrande Group, promised in person at the wealth conference: "I can have nothing, but Evergrande Fortune's investment cannot be nothing."
However, with the introduction of loans for Evergrande construction projects and real estate mortgage registration services in various provinces, it means that Evergrande real estate project companies cannot mortgage their real estate to bank loans.
And in the capital market, Evergrande’s performance is also very tragic. The prices of the major stocks of Evergrande have shrunk by nearly 90% in the past year.
Evergrande announced its financial report for the first half of 2021, with a total debt of nearly RMB 2 trillion.
Will the once prominent Evergrande Group go bankrupt?
How to solve the debt problem?
Is there any way for Evergrande to go?
Will the state finally intervene?
Now that the storm is precarious, why don't you make a move?
In addition, the Evergrande incident caused the entire real estate sector to plummet, highlighting the overall problem of the industry represented by Evergrande. In the past, real estate companies used highly leveraged funds to hoard brutal expansion and are now paying a painful price...
For detailed analysis, please read
the series of articles in
the 283th "Hong Kong 01" Electronic Weekly
News:
Evergrande is in multiple crises, Xu Jiayin sighs at the end
Evergrande's huge debts ring the industry alarm bell, real estate companies should give up their illusions as soon as possible
After Evergrande’s subsidiary Evergrande Wealth broke the overdue payment of wealth management products, a group of investors and employees went to Evergrande’s Shenzhen headquarters building for days to protest, demanding Evergrande to repay loans and redeem financial products.
(Reuters)
Other exclusive highlights of the
282th "Hong Kong 01" Electronic Weekly News
:
The Housing and Land Policy Bureau witnesses the lack of governance
In Hong Kong, more than 220,000 people live in poor-environment sub-units, and the waiting time for public housing is getting longer and longer.
For successive Hong Kong governments, housing and property prices have always been a persistent problem.
Faced with such a situation, both officials and political parties agree that dismantling the Land and Housing Policy Bureau is a wrong decision.
And this mistake can be said to be the common industry of the four chief executives: The former chief executive Donald Tsang established the Transport and Housing Bureau for administrative convenience is a wrong start, but this start is not entirely a personal choice, and it is related to the housing policy of his predecessor, Tung Chee-hwa. close relationship.
The negative effects of the related arrangements began to surface in the Leung Chun-ying era, until the current Lam Cheng Yuet-ngor government claimed to correct it, but nothing has been achieved so far. The evolution of Xie Zhong can be described as a portrayal of the lack of governance by successive SAR governments...
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read the full text.
When Lam Cheng Yuet-ngor was asked about the spin-off of the Transport and Housing Bureau in July 2018, she emphasized that there is no such plan at all for the time being. Start this complicated work within time.
(Photo by Zhang Haowei)
Lion City "Iron Lady" He Jing: This is how the investment queen is made
On the diplomatic stage, Ho Ching is the first lady of Singapore. On the commercial stage, she is the Chief Executive Officer (CEO) of Temasek, a government investment company in Singapore.
In the past nearly two decades, the US financial magazine "Forbes" (Forbes) "World's 100 Most Powerful Women List" (World's 100 Most Powerful Women List), He Jing has been on the list almost every year and is also one of the highest ranked business women. .
The outgoing He Jing is ranked 30th in the 2020 list, and is the second-highest person on the list in East Asia.
He Jing was originally a technical expert engaged in military industry and technology development. Why did he join the Temasek Fund and become the queen of Asian investment?
This starts with the discerning predecessor of Temasek, Tanah Banan...
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read the full text.
He Jing and Lee Hsien Loong attended the ASEAN Summit in 2016.
(Getty Images)
Occupy Wall Street for ten years-those propositions that were once very "left-handed"
"Occupy Wall Street" unknowingly was a movement that took place ten years ago.
This political and social movement triggered by the opposition to Wall Street financial capitalism has spread to more than 80 major cities around the world.
The movement began when people who were plagued by unemployment, economic crisis, and financial capitalism brought sleeping bags and other supplies angrily to Trinity Place, about 300 meters away from Wall Street in the United States, the world's largest concentration of financial banks. , They shouted "We are the 99%" (We are the 99%) slogan, and they were extremely angry with Wall Street bankers.
In particular, the government needs to rescue the banking system on the verge of collapse, but bankers still enjoy a reward of hundreds of millions of yuan. It seems that no one except the people at the bottom of society needs to pay any price for the world's economic crisis.
The Occupy Wall Street movement did not last long. After 70 days of street occupation, it ended in clearing. But did this movement against capitalism and the pursuit of social change disappear so directly without leaving any traces?
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read the full text.
The demonstrators shouted "We are the 99%" (We are the 99%) slogan, and at the same time felt extremely angry with the Wall Street bankers.
(Online picture)
Please pay attention to the 283th "Hong Kong 01" weekly electronic report published on September 20, 2021. You can also
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