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Evergrande Drama ...

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  1. #201

    Join Date
    Apr 2003
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    Hong Kong
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    3,547
    Quote Originally Posted by Elefant&Castle:
    Seems they were given 10 days to destroy 39 'illegal' buildings - rather than selling them to raise cash...

    https://www.cls.cn/detail/907064
    .....the company is now ordered to demolish the above-mentioned illegal buildings within 10 days. If the demolition is not overdue, the law enforcement bureau will organize the demolition in accordance with the law. The reporter verified that the document was true.
    seems very determined for these buildings to be demolished, but no mention of the environmental impact

  2. #202

    environmental impact + china = does not compute

    JAherbert likes this.

  3. #203

    Any light at the end of the tunnel yet?


  4. #204

    Join Date
    May 2013
    Location
    yes
    Posts
    946

    Apart from the oncoming train?

    periphery831 and huja like this.

  5. #205

    Great location - but looks like the usual cluster of towers they are putting up everywhere.

    https://youtu.be/KzqWphqVmE0

    JAherbert likes this.

  6. #206

    Join Date
    Dec 2002
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    ???
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    Slight issue with risks at some banks..

    Minsheng has about 130 billion yuan (US$20 billion) of exposure to high-risk developers, amounting to 27% of its so-called tier-1 capital, the most among big Chinese lenders, Citigroup Inc. analysts estimated in a September research report. The bank will need years to work through its bad debt problem and a capital injection from a stronger rival can’t be ruled out, said Shen Meng, director at Chanson & Co., a Beijing-based boutique investment bank.

    “The pursuit of high growth and returns to its private shareholders pushed the bank to take on lots of high-risk investments,” Shen said.
    https://ph.news.yahoo.com/worlds-wor...-054243956.htm

  7. #207

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    Apr 2003
    Location
    Hong Kong
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    3,547

    chairman planned to build huge mansion in Hong Kong

    https://twitter.com/Tabby_Kinder/sta...45632298627073

    AsianXpat0 likes this.

  8. #208

    Join Date
    Dec 2002
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    Saw that last night on the FT but kept looking for another source to validate this.. As the headline conflicts from the text of the article.

    Seizes vs Taking Steps... If I read this correctly.

    JAherbert likes this.

  9. #209

    Join Date
    Jul 2011
    Posts
    2,735

    Chopping up the body makes it easier to hide....

    https://twitter.com/KyleR_IG/status/1486563572792455169

    JAherbert likes this.

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