China property market - big developer on verge of bankruptcy
#1

[Image: qQ9pOFU.jpg]

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#2

(20-07-2021, 09:13 PM)sgbuffett Wrote:  [Image: qQ9pOFU.jpg]




You licking boy can never change your shity habbit to suck goat shxt.

Just a copycat of your goat daddy aka white trash propaganda mouthpiece , any "China bad news" (no matter how stupid Big Grin ) can keep your goat daddies and you licking boy to dream super wet.  Big Grin

FYI - 恒大‘s boss is just standing tall in CCP's 100 birthday party on July 1, to beat any boss of property giant companies in China.

Are you licking boy paid how many $5c to dream wet on [b]恒大's "bankruptcy"??  Big Grin [/b]

Anyway, the credit that you licking boy have been dreaming wet on "China crash" has been crashed since day 1. Big Grin
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#3

(20-07-2021, 09:35 PM)amata Wrote:  
(20-07-2021, 09:13 PM)sgbuffett Wrote:  [Image: qQ9pOFU.jpg]




You licking boy can never change your shity habbit to suck goat shxt.

Just a copycat of your goat daddy aka white trash propaganda mouthpiece , any "China bad news" (no matter how stupid Big Grin ) can keep your goat daddies and you licking boy to dream super wet.  Big Grin

FYI - 恒大‘s boss is just standing tall in CCP's 100 birthday party on July 1, to beat any boss of property giant companies in China.

Are you licking boy paid how many $5c to dream wet on [b]恒大's "bankruptcy"??  Big Grin [/b]

Anyway, the credit that you licking boy have been dreaming wet on "China crash" has been crashed since day 1. Big Grin



Ah butt's licking DNA to keep him to believe China's Evergrande = his daddies' Fannie Mae and Freddie Mac which saved the world from credit crisis. lol
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#4

(20-07-2021, 10:14 PM)merline Wrote:  
(20-07-2021, 09:35 PM)amata Wrote:  You licking boy can never change your shity habbit to suck goat shxt.

Just a copycat of your goat daddy aka white trash propaganda mouthpiece , any "China bad news" (no matter how stupid Big Grin ) can keep your goat daddies and you licking boy to dream super wet.  Big Grin

FYI - 恒大‘s boss is just standing tall in CCP's 100 birthday party on July 1, to beat any boss of property giant companies in China.

Are you licking boy paid how many $5c to dream wet on [b]恒大's "bankruptcy"??  Big Grin [/b]

Anyway, the credit that you licking boy have been dreaming wet on "China crash" has been crashed since day 1. Big Grin



Ah butt's licking DNA to keep him to believe China's Evergrande = his daddies' Fannie Mae and Freddie Mac which saved the world from credit crisis. lol


Sure, but even his goat daddies can't save such an ill-bred Syonan scum out of his wet dream.  Big Grin  
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#5

恒大系走高恒大汽车涨20% 与广发银行达成和解

https://finance.sina.cn/hkstock/sckxjfx/...l?from=wap


Ah butt got his butt to dream wet again.
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#6

Four of Hong Kong’s Top Banks Halt Some Evergrande Mortgages

(Bloomberg) -- HSBC Holdings Plc, Bank of China Ltd.’s Hong Kong unit and at least two other major lenders stopped providing mortgages to buyers of China Evergrande Group’s unfinished residential properties in Hong Kong, the latest sign of dwindling confidence in the developer’s financial strength.

The lenders, which also include Hang Seng Bank and Bank of East Asia, suspended new mortgages for Evergrande’s two projects under construction in Hong Kong after re-evaluating the risks of such loans, people familiar with the matter said, asking not to be identified discussing private information.

Evergrande still has good relationships with many banks in Hong Kong, so its local operation won’t be impacted, the developer said in a written statement while declining to comment on any action by individual banks. It’s sticking with plans for its Hong Kong projects, and is confident on delivering Emerald Bay II in August as scheduled. The developer said it will consider allowing buyers to delay transactions by 60 days if they’re affected.

BEA declined to comment and representatives for the three other banks didn’t immediately comment.

Industrial and Commercial Bank of China (Asia) also halted providing mortgages to Evergrande’s unfinished flats, South China Morning Post reported, without citing anyone.

The unusual move by four of Hong Kong’s biggest mortgage lenders to act in unison underscores how dramatically perceptions of Evergrande have deteriorated in recent weeks. Shares of the world’s most indebted developer have tumbled 28% just this month and several of its dollar bonds have plunged to record lows. The company’s 2025 dollar note sank by about 6 cents on Wednesday to 49 cents on the dollar, suggesting investors are bracing for a potential default.

A major payment failure by Evergrande would likely have severe repercussions for China’s financial system, eroding confidence in other highly leveraged property companies, shadow lenders and potentially even some banks. Officials from China’s top financial regulator told Evergrande founder Hui Ka Yan at the end of June that he should solve his company’s debt problems as quickly as possible, emphasizing the need to avoid major economic shocks, people familiar with the matter said earlier this month.

The mortgage halt “could be a fresh sign banks are protecting themselves as they’re increasingly worried about Evergrande,” Bloomberg Intelligence analysts Daniel Fan and William Hau wrote in a note on Wednesday. The development may push Evergrande toward more “radical action,” such as selling a stake in itself to a state-owned Chinese company or pursuing more wide-ranging asset sales, the analysts wrote.

Evergrande has two projects in Hong Kong that are still under construction. The Vertex in Cheung Sha Wan area, which has more than half of the 414 units sold, is slated to finish by the end of October. Emerald Bay II is due to finish at the end of next month and has sold 97% of its homes, according to mReferral Corporation (HK) Ltd., a mortgage referral company.

HSBC, Bank of China’s Hong Kong unit and Hang Seng are the biggest mortgage lenders for unfinished residential projects in Hong Kong, with HSBC providing 25% of the loans in the market in June, according to mReferral. Bank of East Asia ranked 7th.
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I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
Reply
#7

https://cn.wsj.com/articles/%E4%B8%AD%E5...1626932471

中国恒大股价反弹,称与广发银行的纠纷已解决

中国恒大集团股价周四大幅反弹,此前该公司称已解决一起与债权人的纠纷。这场纠纷加剧了投资者对该公司偿债能力的担忧。
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#8

Ah but: still dreaming wet on your goat daddies' fake news mouthpiece Bloomberg for all the faked "bankruptcy" stroies from China?

More worry when you licking boy got your butt crashed for dreaming wet. lol

Anyway, we all know you licking boy are 狗改不了吃屎  to suck goat shxt.
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#9

aiya, businesses are like that. some will collapse while more will rise.

it's very much safer to hide in yr flat and trade online. announce yr winning trades and keep mum about yr loses, and nobody would know
Reply
#10

(22-07-2021, 03:08 PM)sgbuffett Wrote:  Four of Hong Kong’s Top Banks Halt Some Evergrande Mortgages

(Bloomberg) -- HSBC Holdings Plc, Bank of China Ltd.’s Hong Kong unit and at least two other major lenders stopped providing mortgages to buyers of China Evergrande Group’s unfinished residential properties in Hong Kong, the latest sign of dwindling confidence in the developer’s financial strength.

The lenders, which also include Hang Seng Bank and Bank of East Asia, suspended new mortgages for Evergrande’s two projects under construction in Hong Kong after re-evaluating the risks of such loans, people familiar with the matter said, asking not to be identified discussing private information.

Evergrande still has good relationships with many banks in Hong Kong, so its local operation won’t be impacted, the developer said in a written statement while declining to comment on any action by individual banks. It’s sticking with plans for its Hong Kong projects, and is confident on delivering Emerald Bay II in August as scheduled. The developer said it will consider allowing buyers to delay transactions by 60 days if they’re affected.

BEA declined to comment and representatives for the three other banks didn’t immediately comment.

Industrial and Commercial Bank of China (Asia) also halted providing mortgages to Evergrande’s unfinished flats, South China Morning Post reported, without citing anyone.

The unusual move by four of Hong Kong’s biggest mortgage lenders to act in unison underscores how dramatically perceptions of Evergrande have deteriorated in recent weeks. Shares of the world’s most indebted developer have tumbled 28% just this month and several of its dollar bonds have plunged to record lows. The company’s 2025 dollar note sank by about 6 cents on Wednesday to 49 cents on the dollar, suggesting investors are bracing for a potential default.

A major payment failure by Evergrande would likely have severe repercussions for China’s financial system, eroding confidence in other highly leveraged property companies, shadow lenders and potentially even some banks. Officials from China’s top financial regulator told Evergrande founder Hui Ka Yan at the end of June that he should solve his company’s debt problems as quickly as possible, emphasizing the need to avoid major economic shocks, people familiar with the matter said earlier this month.

The mortgage halt “could be a fresh sign banks are protecting themselves as they’re increasingly worried about Evergrande,” Bloomberg Intelligence analysts Daniel Fan and William Hau wrote in a note on Wednesday. The development may push Evergrande toward more “radical action,” such as selling a stake in itself to a state-owned Chinese company or pursuing more wide-ranging asset sales, the analysts wrote.

Evergrande has two projects in Hong Kong that are still under construction. The Vertex in Cheung Sha Wan area, which has more than half of the 414 units sold, is slated to finish by the end of October. Emerald Bay II is due to finish at the end of next month and has sold 97% of its homes, according to mReferral Corporation (HK) Ltd., a mortgage referral company.

HSBC, Bank of China’s Hong Kong unit and Hang Seng are the biggest mortgage lenders for unfinished residential projects in Hong Kong, with HSBC providing 25% of the loans in the market in June, according to mReferral. Bank of East Asia ranked 7th.
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