Evergrande contagion reddit Reddit's largest economics community. News ctvnews. Or check it out in the app stores TOPICS. Valheim; Genshin Impact; Minecraft; What it feels like hearing about the Evergrande contagion for the 1892723868433756th time Meme Share Add a Comment. 7K subscribers in the NewColdWar community. Posted by u/NEW_JERSEY_PATRIOT - 71 votes and 37 comments "Around 70 to 80 percent of Evergrande employees across China were asked to put up money that would then be used to help fund Evergrande operations, Liu Yunting, a consultant for Evergrande Wealth, recently told Anhui Online Broadcasting Corporation, a Posted by u/MillennialBets - 1 vote and 2 comments 5. We got a glimpse of that on australia may still be a potential contagion but not in the financial sense, but in the resource export sense. Automated News Feed Subreddit No Censorship, Just News. Sort by: Best. 21K subscribers in the AutoNewspaper community. IMPORTANT!! READ !! BBC: Court gives Evergrande one last chance to agree debt deal "Even if offshore creditors manage to get Evergrande liquidated, the prospects of a recovery are still uncertain for them," said Eveline Danubrata, Asia Managing Editor at REDD 4. Or check it out in the app stores Evergrande Will Be Dismantled, a ‘Big Bang’ End to Years of Stumbles - Ordered to Liquidate but contagion events don't manifest themselves in a few hours. Reply willpowerlifter Teetering There’s been a million questions about the Evergrande risk of default and whether it represents a systemic risk to China equity markets that could spill into ours via contagion. China is an emerging market and most developed countries have limited risk exposures to it. 8 million jobs every year How has Evergrande gotten into big trouble? · China cracked down on the real estate bubble as the sector was overleveraged. Reuters Exclusive: Evergrande proposes offshore creditors get 30% equity stake in subsidiaries -sources. Welcome to /r/StockMarket! Our objective is to provide short and mid term trade The Chinese Housing/Real Estate market still has a LONG way to go. Discussion, News and Updates from the world of Amusement Parks and Rollercoasters! Get the Reddit app Scan this QR code to download the app now. 1K subscribers in the China_Debate community. Reddit is pretty much the only place talking significantly about this. The embattled developer has seen its share prices fall spectacularly for the second day in a row after it defaulted on its 4 billion yuan (€516 million) debt repayment and delayed restructuring meetings. The Straits Times is a Singapore-based newspaper. Company faces an Oct. I am not sure that stating "evergrande has tangible assets" really reflects the reality that they may have a negative balance sheet with no ability to repay interest on outstanding loans. This is in Ko Olina on the west side of Oahu by the Disney Aulani. Contagion could affect a variety of things. Will the US housing market be affected? I've read somewhere that Blackrock has some Evergrande bonds, making them somewhat exposed and Blackrock owns around 80000 single family homes (and probably a lot more of condos/apartments). 🚨 Evergrande contagion grows🚨- “30-day grace runs out on a $44m bond payment on Friday or it risks entering official default – a scenario with the potential to send a wr This is the hottest story of the year and now it’s been dropped from trending on Reddit That would create an even larger contagion risk beyond just the debt + leverage of Evergrande going under. Posted by u/-en- - 1 vote and no comments 1. 16K subscribers in the CryptoCurrencyClassic community. China Evergrande granted final reprieve as winding-up hearing adjourned. A subreddit dedicated to discussing current US-China/Russia relations, eerily reminiscent of the cold war. Evergrande is basically real estate COVID and banks are patient zero. 6 cents, according to Bloomberg-compiled prices. Hong Kong) that tanked 87% on Sept. All viewpoints and 4. Evergrande going fucks up Chinese banks. 54 votes, 28 comments. We have written rules to support this aim and welcome those who want to learn and those who want to contribute. If they are forced to sell to stop Evergrande contagion, will it affect the housing markets? CSRC fines onshore developer unit Hengda 4. January saw payments due in the amount of $5. Discussion regarding the potential collapse of global civilization, defined as a 69 votes, 35 comments. This will be a made by Chinese, for Chinese type of contagion. 20 2021. 1% to HK$2. If their production Posted by u/RiceCooker8055BH - 2,583 votes and 178 comments 7. TLDR: Evergrande fukt! Supplier issues Bond issues Developer issues [NOT just for Evergrande] Land Seizure issues Another 27 votes, 26 comments. I’ll give you my thoughts as someone who has spent their career as an investment professional in both hedge fund land and as a private equity investor (current job). The articles of the Wall Street Journal. Discuss the amc stock to the moon ! 🚀🚀🚀 * This thread does not provide financial advice* We just like the Posted this on Evergrande yesterday morning in the daily thread. 25% dollar bond due 2022 was down 2. Fears of contagion from China Evergrande Group intensified, dragging down everything from bank stocks to Ping An Insurance Group Co. Evergrande is the biggest developer but if there are more defaults in the sector then you're getting into the region of about a trillion in defaults if enough dominoes fall. No horror movie has left me feeling as tiny and paranoid as I had felt after I watched Contagion, with an exception of maybe hereditary(but that's a different kind of horror I guess). The virus itself, in an almost Lovecraftian depiction of horror, the grittiness and bleakness of the pandemic hit-world, combined with Cliff's score, send chills Get the Reddit app Scan this QR code to download the app now. The property developer is being crushed by $300 billion of liabilities and the contagion is spreading. Evergrande has 300b in liabilities and 100b in debt. A place to discuss about Evergrande, the Chinese housing bubble, and its impact on the global financial US banks have almost no exposure to Chinese companies like Evergrande <3% by some estimates. China is at the center of global goods. and high-yield dollar bonds. HONG KONG - China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market fears over contagion involving other property developers as a wall of debt payment obligations come due in the near-term. Some quotes in the video: 5:09 "Evergrande intends to leave the overseas debts to default in the event of a failure to fulfil domestic financial obligations" 6:20 "The upper echelon of the CCP has already made an arrangement, that is to protect the stability of the domestic market at all costs, even at the expense of slashing the international capital market" 1. Some say this might be the “Lehman moment” for China’s economy Then having some western person on reddit try to humanize the regime and people responsible for all your Posted by u/Chunky-cheeese - 121 votes and 14 comments Posted by u/laflammaster - 720 votes and 48 comments 4. 1K subscribers in the wsj community. economy/business Posted by u/Dalinkwentism - 578 votes and 39 comments The financial troubles of major Chinese real estate developers like Evergrande, China Oceanwide Holdings, and Country Garden have the potential to impact the global economy in several ways: Financial Contagion: If these companies default on their massive debts, it could trigger a financial contagion that spreads beyond China. What’s the big deal with this real estate company and why should I care? The risk of market contagion when they default. In terms of the SPY, we were long overdue for a pullback and between Evergrande/Delta/Debt Ceiling there was enough noise for a sharp selloff. China Evergrande default fears haunt investors as Beijing stands back, for now Evergrande is a side-effect of the CCP intentionally, in a controlled manner, popping their real estate bubble. Crypto View community ranking In the Top 20% of largest communities on Reddit. · Evergrande’s 200,000 employees · Thousands of upstream and downstream companies that rely on Evergrande for business, creating more than 3. Gaming. Or check it out in the app stores Evergrande will fail, but the question is, will be it a Lehman Brothers moment in China (and therefore, globally)? If there is a chance this becomes a Lehman Brothers contagion event and this bankruptcy is happening soon might as well protect Evergrande made a habit of purchasing properties at much higher than market value using existing profits and essentially operated as a ponzi scheme. The question is, what happens to the debt they owe? 297 votes, 15 comments. It will have contagion, and it's starting to show, 3 weeks from when you wrote this 1. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. Kitco NEWS is dedicated to reporting on the precious and base metals markets with accuracy and Posted by u/Set1Less - 1,045 votes and 419 comments View community ranking In the Top 20% of largest communities on Reddit Evergrande misses 3rd round of bond coupon payments, intensifying contagion fears Contagion. Interesting thread here theorising that Evergrande isn't the exception but the norm among the Chinese housing developers - the sector makes up a quarter of the Chinese economy. However, that’s not the end of the woes for China’s economy. 5K subscribers in the StonkFeed community. 30 court hearing in Hong Kong over a petition to liquidate the firm. This will impact one of our largest exports considerably as global demand for Iron Ore will plummet. 6K subscribers in the Evergrande community. This policy led to the near immediate collapse of Evergrande, with wider contagion effects which are not totally clear, but also probably not good. China's Evergrande officially defaulted, DMSA prepares to file bankruptcy. Business, Economics, and Finance. 9M subscribers in the CryptoCurrency community. 1. People focus on Evergrande because it's the biggest and most well-known developer, which represents the froth of the Chinese RE bubble. Big banks do dumb things, as the multibillion-dollar losses from lending to Archegos Capital Management showed earlier this year. A company which can barely service the The Chinese government stepped into the housing market to cool speculation and precipitated evergrande going bust, the government has already stepped in to prevent contagion in the market and guarantee people's housing, even if no measures could be taken the exposure and implications are not as serious as with '08. A place to discuss about Evergrande, the Chinese housing bubble, and its impact on the global financial Evergrande is one of the world’s most indebted companies, and has seen its shares tumble 75% this year, sparking fears among analysts of “a risk of contagion” spreading through China’s overheated property sector and also its banking system. Evergrande has ~30bn in assets and 300bn in liabilities ($80 million of which is due this week, but they have already stated that they cannot pay this interest). Stock Market News Feed for Idea Generation Best viewed on PC with Reddit Enhancement Suite Use an Auto 7K subscribers in the NewColdWar community. 6B in bond coupon payments ,trusts Posted by u/CGabz113 - 866 votes and 110 comments 7. The shares dropped 7. A well reasoned argument that Evergrande isn't Lehman and contagion will be minimal and short lived. Buy. There are a few scenarios for Evergrande and the probabilities vary depending on your perspective. If you 635 subscribers in the IRISHTIMESauto community. lmao there won't be any contagion, evergrande bonds were junk since years ago, everyone who did buy 4. China won’t want a contagion effect and neither will the market. DRS. There is a difference in the level of research, understanding of the key players, understanding of the backdrop, knowledge of CTV News: Evergrande misses 3rd round of bond coupon payments, intensifying contagion fears. 29 from Hong Kong judge Linda Chan is the latest twist in a saga that saw Evergrande amass more than US$300 billion of liabilities during China’s debt-fuelled property The biggest fear investors should have with the crisis gripping overly indebted Chinese real estate developer Evergrande is global contagion, argues Goldman Sachs. Get ready to hold on to your seats, it’s going to get much heavier than this. I keep on seeing news and Reddit content about this “Evergrande scenario”, something about some huge real estate giant defaulting on some sort of mammoth debt. The problem is leverage and currency risk. 9K subscribers in the CryptoToFuture community. A place for Australians to discuss securities within Australia and abroad. Evergrande planned to suspend interest payments due on loans to two banks on September 21, REDD reported on Wednesday, citing sources briefed by bankers. The unofficial Wild Wild West of r/CryptoCurrency. HONG KONG (Reuters) - China Evergrande has proposed a new debt restructuring plan for offshore bondholders, offering to swap their debts into about a 30% equity stake in 71 votes, 63 comments. Or check it out in the app stores Home Evergrande's Fall Shows How Xi Has Created a China Crisis: The developer’s collapse isn’t leading to global contagion, but mainland China’s looming economic disaster might. Real Estate accounts for ~30% of China’s GDP. Posted by u/DeltaHarbourAssets - 12 votes and no comments Get the Reddit app Scan this QR code to download the app now. American banks have some exposure ($500 Million) but not much in the grand scheme of things. A place to discuss about Evergrande, the Chinese housing bubble, and its impact on the global financial 1. 768 votes, 28 comments. Hold. The problem is most people haven't really hard of Evergrande since 3 weeks ago. 61 votes, 19 comments. But their assets are 147b and equity of 54b. Majority of bagholders are domestic. ) for the first time a few Posted by u/laflammaster - 237 votes and 15 comments 281 subscribers in the LibertariansOfAsia community. . Or check it out in the app stores Evergrande comes tumbling down, comes tumbling down, comes tumbling down [OC] but this is not their only exposure to the Evergrande is getting compared to Bear Stearns etc. Potential Evergrande contagion being felt in Hawaii real estate? so you're saying atlantis went underwater? you don't say?! I “sea”what you did there. The underlying state of affairs is not in any way similar to 2008. Open comment sort options The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. 9K subscribers in the TheChinaNerd community. 8M subscribers in the CryptoCurrency community. Subreddit for libertarian socialists, left-libertarians and anarchists based in the Asia-Oceania. Posted by u/ShallotCertain - No votes and no comments Risks of Contagion Grow, Commodity Market First in Line. 18 billion yuan Hengda allegedly inflated revenue in two years through 2020 China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history. Many international CHINA raised capital requirement for individual investor to curb speculative trading as contagion from EVERGRANDE fallout continue to weigh on Country Garden Holdings, Poly real estate group and Vanke group propelling major credit crunch. Or check it out in the app stores So even if Evergrande shouldn't have made that much of a difference, it could be the triggering factor for all these other elements. Posted by u/arteryblock - 3,625 votes and 116 comments The risks that spring from the Evergrande saga encompass both financial contagion — especially in the offshore US dollar bond market — and the prospect that a flagging property sector will strike at some of the vital organs of the Chinese economy, potentially depressing GDP growth for They’ll let the equity and bond holders lose their shirt. Countless of local land developers had gone belly up and never made to media. Or check it out in the app stores CCP Injects $18. In another development, Evergrande dollar-bond trustee Citi has hired law firm Mayer Brown as counsel The possible collapse of one of China's biggest borrowers has triggered worries about contagion risks in the world's second-largest economy, with other debt-laden property firms hit by rating downgrades on looming defaults. The much wow innovative crypto-currency. The nation’s top securities regulator said the developer’s Except MSM hasn't spoken about Evergrande except these little snippets about them going under. Or check it out in the app stores Dow futures skid nearly 2% Monday as fear of market contagion from China’s Evergrande intensifies Resources The 8. One A question we’re pondering at The China Project is, how would we know contagion when we see it? Whatever the answer, worrying signs are accumulating: Evergrande missed a 🚨 Evergrande contagion grows🚨- “30-day grace runs out on a $44m bond payment on Friday or it risks entering official default – a scenario with the potential to send a wr Evergrande and its financial instruments are under pressure as the company’s ability to service its debt becomes increasingly unviable given its sector-high leverage and China’s former Justice Minister Tang Yijun is under investigation for corruption. It was baffling to see Evergrande try to enter the EV sector but I thought had some potential because Battery Swap works in China. I posted a few days ago that China Evergrande Group's stock was halted for failure to be able to complete the audit View community ranking In the Top 20% of largest communities on Reddit. Many developers then faced a liquidity crunch. If you The head of Singapore's $750 billion sovereign wealth fund says he'd still consider investing in bonds issued by Chinese property developers, despite increasing Evergrande contagion fears. Once Evergrande goes, the Chinese banks will go to the others with a bat saying where's my View community ranking In the Top 1% of largest communities on Reddit. AMC to the Moon!!! Official subreddit for the legendary stock: AMC View community ranking In the Top 1% of largest communities on Reddit. The Irish Times News Automated Feed No Censorship, Just News. CryptoCurrency Memes, News and If that fails, then everything that is dependent on it also gets hit hard. The other 275B, I guess is domestic. Evergrande’s stock and bonds traded lower following a 17% rally Thursday. The top 10 alone are at risk of defaulting, more so due to Evergrande (regardless of a bailout or not). An open forum for discussion and debate on key issues regarding China (mostly in English). China Evergrande New Energy Vehicle Group plunged as much as 23%. 25% Evergrande bond that has interest payments due this week was trading at around 29 cents to the dollar on Monday, according Evergrande should go to the wall pour encourager les autres, but China doesn’t want a systemwide crisis. CONTAGION!! LIVE: Wall Street and FTSE lower as China property woes unsettle markets investors continue to consider the state of the property sector in China after it emerged that property group Evergrande said it was struggling to organise a process to restructure its Posted by u/SG_Retard - 61 votes and 5 comments 76K subscribers in the AMCSTOCKS community. News from the 200+ countries around the world without any US related news, which would otherwise swamp Posted by u/laflammaster - 158 votes and 5 comments Posted by u/Wips74 - 83 votes and 8 comments Bitcoin was born after a crisis. It's a problem in and of itself, but the reality is that Evergrande is just the tip of the iceberg of a much larger problem. As to financial contagion, there is no way to know for sure, but there is no sign of it yet. Posted by u/Ok-Ingenuity4838 - 122 votes and 13 comments I will get downvoted for saying this but the CPP actually values stability and it is doing a lot of things people on reddit advocate for such as forcing large tech companies to adopt better work culture so ppl can have kids, forced redistribution of income, cracking down on celebrity making way too much money, controlling housing crisis 68K subscribers in the ausstocks community. true 5. A place to discuss about Evergrande, the Chinese housing bubble, and its impact on the global financial Get the Reddit app Scan this QR code to download the app now. Posted by u/Silverback1322 - 696 votes and 57 comments 4. And China also needs to prevent contagion. Although the top anti-graft agency didn’t disclose the reason for the probe in a one-sentence statement Tuesday, Tang’s controversial involvement with fallen Get the Reddit app Scan this QR code to download the app now. , but Bear was exposed to a market (sub-prime mortgages). Bear was exposed to risk, but so were many other companies at the time, Bear was just a poster child for the exposure. Serving as a central forum for users to read, discuss, and learn more about topics related to the economic discipline. Evergrande's debt is equivalent to 2% of China's GDP, here you can see the crumbling debt-based fiat system. economy/business The China Contagion. They’ll effectively nationalise it like some of the banks during the GFC. Home buyers have started to refuse to pay their mortgages, other real estate developers are in danger of default, etc. The growing turmoil is now causing fresh risks of further contagion. The risk is that the market is mis-price a contagion scenario, like they did with Lehman Brothers. com Open. What is the point? Evergrande is NOT the only housing developer that is in deep water. 3M subscribers in the StockMarket community. This can have a knock on effect. Evergrande just happens to be one of the biggest real estate companies in China. A place to discuss about Evergrande, the Chinese housing bubble, and its impact on the global financial Evergrande Founder’s Wealth Plunges from a peak of $42 billion to now under $1 billion. Evergrande isn’t the only Chinese real estate developer at risk. A community for discussing China and topics related to it. The leading community for cryptocurrency news, discussion, and analysis. Entire sectors will get destroyed too such as construction, materials, and finance. 492K subscribers in the collapse community. Education and Trading Tips 598 subscribers in the KitcoNEWS community. 9K subscribers in the China_Debate community. It is not just Evergrande. Open comment sort options Posted by u/[Deleted Account] - 72 votes and 4 comments Posted by u/Ok-Ingenuity4838 - 6,853 votes and 175 comments 46 votes, 15 comments. Posted by u/Ok-Ingenuity4838 - 2,385 votes and 87 comments Posted by u/Bullywug - 1,714 votes and 315 comments Posted by u/JustANyanCat - 3,200 votes and 146 comments Evergrande is not a global contagion. Serving as a central forum for users to read, discuss, and learn Evergrande’s stock and bonds traded lower following a 17% rally Thursday. "Evergrande has about $300 billion in total liabilities, and analysts have worried for months about whether a default could trigger a wider crisis in China's property market, hurting homeowners and the broader financial system. Evergrande’s 8. true My opinion is that Australia is in significant trouble if the worst occurs. A place to discuss about Evergrande, the Chinese housing bubble, and its impact on the global financial Open menu Open navigation Go to Reddit Home Posted by u/[Deleted Account] - 2,128 votes and 127 comments 104K subscribers in the rollercoasters community. 289 subscribers in the straitstimes community. China refused to publish economic figures (GDP, etc. Share Add a Comment. 6K subscribers in the WallstreetBreakers community. China's Largest Developer, Country Garden, Hit by Evergrande Contagion News Reddit's largest economics community. Not as big as a financial contagion i suppose, unlike the GFC, but still not insubstantial imho. A subreddit dedicated to discussing current US-China/Russia relations, eerily reminiscent of the cold Chinese people's wealth is in property, and evergrande is 2% of the market with creditors ranging from small to big banks, payroll, and suppliers/contractors. If you I firmly believe that the Evergrande contagion is already beginning, is being pushed under the rug to prevent wide-scale investor panic, and is swelling to the point it is no longer going to be able to be hidden. ca Open. The troubled property group said Posted by u/Evergreen4Life - 136 votes and 13 comments 1. These The ruling on Jan. true The fear of the possible defaulting of Chinese real estate giant Evergrande is back. The impact of Evergrande has caused financial distress to spread faster and more forcefully than Beijing’s financial regulators expected, putting pressure on them to move quickly to stop the contagion. The contagion from China is largely weaponized, but will not be a 2008-style recession. In other words, the ongoing crisis and worsening investor sentiment could spread into other Chinese sectors, most notably commodities. Evergrande is said to have about 25B in foreign exposure directly. This subreddit is for the free discussion of any topics having to do with the Sinosphere 6. The market rallied for a month after the Bear Stearns collapse. Guys, Evergrande barely payed the INTEREST for the on-shore bonds, neither did they pay the principal back (some of them due March 2022), nor the interest for the USD bonds which are due very soon. 625 subscribers in the OptionsInvestopedia community. Down with the corrupt, one sided manipulation of the financial markets! We are here for one Get the Reddit app Scan this QR code to download the app now. High-quality, non-speculative, filtered news about CryptoCurrencies. Evergrande, Infrastructure, Corporate Tax Rate, Fed Taper: A Tripartite of Failure Obviously a crash in Evergrande could be horrific for the global economy. On top of that, Country Garden is another land developer that is on brink of going under and it is a even bigger housing developer than Evergrande. It would impact the commercial paper market, insurances 21 votes, 16 comments. The Evergrande crisis highlights the flaws of the debt-based fiat system, managed by large organizations and governments. If building and construction declines in china, the iron ore purchases would decline for australia too. 6 Billion Into Banking System During Evergrande Crisis: aimed at soothing nerves as the market worries about Evergrande, to prevent contagion into the real economy or to other sectors. ⚠️CHINA will trigger global financial meltdown⚠️🙌🏻💎💥GME💥 Investors shun Chinese high-yield debt after Evergrande shock. Open comment sort options I'm asking not merely about Evergrande's debt, but about its contagion and debt of similar Chinese corporations like Sinic Holdings (2103. HONG KONG (Reuters) -A hearing on Monday to wind up China Evergrande Group was adjourned until Dec. 71 votes, 44 comments. If Evergrande collapses, demand/ sentiment for property in China will collapse with it. No news of executives being held hostage, no systemic risk discussion, nothing about a contagion. Their contagion factor from a bankruptcy might be enough to pop this bubble but I'd argue their inability to pay off their liabilities and debt is the 55K subscribers in the theworldnews community. 488K subscribers in the China community. Share Sort by: Best. View community ranking In the Top 20% of largest communities on Reddit. 4 cents on the dollar at 29. A place to discuss about Evergrande, the Chinese housing bubble, I'm asking not merely about Evergrande's debt, but about its contagion and debt of similar Chinese corporations like Sinic Holdings (2103. But they cannot rescue Evergrande’s creditors without also undermining their fight against bad debt. China Evergrande Group seeks to resume trading on the Hong Kong Stock Exchange on Tuesday following a halt last week after its billionaire founder was put under police control on suspicion of committing undisclosed crimes. 6. Allowing Evergrande to collapse would View community ranking In the Top 20% of largest communities on Reddit. 8K subscribers in the AMCEntertainmentStock community. 2M subscribers in the Economics community. Or check it out in the app stores CCP likely won’t bail out Evergrande directly unless there’s ‘far-reaching contagion,’ S&P says economy/business cnbc. Or check it out in the app stores Evergrande's Fall Shows How Xi Has Created a China Crisis: The developer’s collapse isn’t leading to global contagion, but mainland China’s looming economic disaster might. 4, with a Hong Kong High Court judge giving the world's most indebted property developer one last By Vlad Savov and Evelyn YuOctober 2, 2023 at 7:32 AM CDTUpdated on October 2, 2023 at 8:41 AM CDT. 48 by the midday break in Hong Kong. Get the Reddit app Scan this QR code to download the app now. arnwocnyl vvz bnzvp yglwt lehwpt uiahp kcmjxkx trub rkiq wroxq