DECRYPTION – Beijing still seems to be looking for the right solution to reduce the damage caused by the dreaded bankruptcy of the over-indebted real estate giant.
Correspondent in Asia
Panic on the Hong Kong Stock Exchange. On Monday, the price of the Hang Seng index fell by 3.3%, led by the plunge of the action of the Chinese real estate developer on the verge of bankruptcy Evergrande (up to 17% in session). The plight of this giant is fueling the nervousness of investors and rekindles the specter of a “Lehman Brothers moment” for the world’s second-largest economy. The concern from Shenzhen, where aggrieved investors loudly protested outside the beleaguered group’s headquarters last week, crossed the Pearl River delta on the mainland holiday to catch up with real estate groups in the mainland. former British colony, like Henderson Land which lost 13%. The banking sector is also affected.
This new heat wave after a turbulent summer is triggered by the approach of two repayment deadlines that await Evergrande, one of which is Thursday. The real estate group will have to repay bonds
This article is for subscribers only. You have 87% left to discover.
To cultivate one’s freedom is to cultivate one’s curiosity.
Continue reading your article for € 1 the first month
Already subscribed? Log in