Evergrande’s second-biggest shareholder, Chinese Estates Holdings, is selling its entire 6.5% stake in Evergrande with a loss of about $1.2 Billion.
There is speculation that the CCP will take control and restructure Evergrand.
Who are Evergrande’s biggest Bondholders and can they afford a significant loss from their Evergrande investments? Is a 1% portfolio exposure that big a deal?
Banks have been advised that Evergrande will miss loan payments by China’s Housing Ministry.
Evergrande is repaying debt with property, including apartments and carparks.
Calls for super to be paid on parental leave.
Mortage stress soars and while it might not lead to a house market crash, it will certainly impact the 2022 Election.
Melburnians are abandoning the city and moving to the regions.
Evergrande investors are facing huge losses.
The RBA’s house price warning.