We don't know yet. Their funding from US banks and hedge funds are pretty opaque. It'll be at least 30 days after Evergrande goes full liquidation that we'll see margin calls or bond defaults here.
I think one sign is that Credit Suisse, Deutsche Bank and Goldman Sachs have already asked the SEC in the last couple weeks for approval to sell some new bonds to cover operational debts... but IDK yet how much.
Eh, questionable. Evergrande's "debts" stem from them being contractually obligated to build buildings in CN, then providing the mortgages (which implies ownership). I don't think CN allows foreign companies to own real assets, only through a JV with 51% CCP ownership.
We don't know yet. Their funding from US banks and hedge funds are pretty opaque. It'll be at least 30 days after Evergrande goes full liquidation that we'll see margin calls or bond defaults here.
I think one sign is that Credit Suisse, Deutsche Bank and Goldman Sachs have already asked the SEC in the last couple weeks for approval to sell some new bonds to cover operational debts... but IDK yet how much.
black rock gets it for pennies on the dollar
Eh, questionable. Evergrande's "debts" stem from them being contractually obligated to build buildings in CN, then providing the mortgages (which implies ownership). I don't think CN allows foreign companies to own real assets, only through a JV with 51% CCP ownership.