[sgbuffett]

The Evergrande crisis has spread over to MPF who claimed to have lost about US$1,387 for each member.  30% of HK's 7 million people have MPF accounts.  So the loss is roughly US$ 9 billions

https://www.scmp.com/business/banking-fi...regulatory

2 more developers collapsed fantasia and sinic.

Despite the doom and gloom I am not concerned because China govt and regulators already know it is coming and stress test the banking system already. They were the ones to accelerate the fall of the companies by tightening the regulation via 3 red lines.

This is like planned demolition rather than sudden collapse. Not to say there will pain in the banks but rescue and contingency is already planned