![]() "A deal could restore some investor confidence in the capital market. ![]() Regardless of the final outcome, senior executives at two mid-sized defaulted developers said the Country Garden deal would have little impact on them, as a government bailout would likely target only the systematically important firms. like softening mortgage conditionality, liquidity provision - have been enough to restore confidence so they might feel like they need one big hit," he said, referring to the Reuters report on the Country Garden bailout plan.Ī government-led bailout of a distressed developer would be positive as it would reflect Beijing's determination to defuse the debt crisis, restructuring experts, investors and developers say, though they reckon it would require careful manoeuvring to manage the impact on the white knight. "They recognise that none of the measures. The Chinese authorities may want to allow Country Garden's rescue by Ping An to instil confidence in the sector, said Elliot Hentov, head of macro policy research at asset manager State Street Global Advisors. Reuters reported last week that Chinese authorities have asked domestic financial behemoth Ping An Insurance Group to take a controlling stake in Country Garden. ![]() ![]() The property sector plunged into an unprecedented crisis in 2021 after a regulatory crackdown to rein in a debt-fuelled building boom tightened liquidity in the industry and sparked defaults among developers. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |