Evergrande shares halted after Hong Kong court orders liquidation.https://t.co/M8UqNlTsY9
— Daniel Lacalle (@dlacalle_IA) January 29, 2024
🚨🇨🇳 China – Property Developer Evergrande ordered to liquidate
Global Financial Collapse incoming…. pic.twitter.com/gPlil4uqt9
— Concerned Citizen (@BGatesIsaPyscho) January 29, 2024
Once the world’s largest real estate developer, Evergrande is now to be liquidated.
It has whopping $300 billion of debt, but also $240 billion of assets. So, not too bad.
China has refused to bail out billionaires. True free market! 😀
— S.L. Kanthan (@Kanthan2030) January 29, 2024
Chinese travelers aren't flying overseas nearly as much as they once were, erasing $130 billion from global tourism, per Bloomberg.
— unusual_whales (@unusual_whales) January 29, 2024
BREAKING: A Hong Kong court has ruled that Evergrande, China’s largest real estate developer, must be liquidated.
The stock is now down another 20% today on the news and trading has been halted.
Evergrande is now considered the most indebted property developer in the world.
This comes at a time when China’s HY Real Estate Index is down 85% in 2 years.
China is also preparing hundreds of billions in economic stimulus along with considering a ban on short selling.
What is happening in China?
BREAKING: A Hong Kong court has ruled that Evergrande, China's largest real estate developer, must be liquidated.
The stock is now down another 20% today on the news and trading has been halted.
Evergrande is now considered the most indebted property developer in the world.… pic.twitter.com/2ixwMwgB2o
— The Kobeissi Letter (@KobeissiLetter) January 29, 2024
h/t Digital mix guy Spock