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Evergrande Shares Slashed to 1 Cent, China Offers Direct Bailouts
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#Evergrande #EvergrandeCrisis #ChinaEvergrande
China Evergrande’s shares were downgraded to 1 cent this week, with Beijing attempting to quell the mortgage boycotts by offering a $29 billion bailout to its real estate developers.
The slashing of Evergrande’s shares serves as a reminder that the troubled real estate developer, despite being on of China’s largest real estate developers, continues to be suspended from the Hong Kong Stock Exchange, as it has yet to provide audited financial statements.
Links:
China Mutual Fund Values Evergrande Shares at Next-to-Nothing:
China’s Central Bank May Gradually Shift Away From RRR Cuts:
Why China’s housing market is collapsing:
BlackRock, UBS Among Funds Cutting China Property Exposure:
Why Canadian investors should care about China’s slowdown:
Chinese developer Evergrande stops trading on Hong Kong Stock Exchange:
Chinese Builders Rally on Plans for State-Guaranteed Bond Deals:
China Plans $29 Billion in Special Loans to Troubled Developers:
China makes rare but ‘necessary’ foreign investment pitch as ‘they’re not writing cheques’:
Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners Road East
London, Ontario N5Z 3J1
Phone: (519)860-2102 (Call or Text)
Brokerage Lic: 10464
Broker Lic: M16001479
Subscribe NOW for more Mortgage/Real Estate/Financial News/Videos.
Follow me on Social Media:
Commentary on this Channel should not be considered financial advice.
China Evergrande’s shares were downgraded to 1 cent this week, with Beijing attempting to quell the mortgage boycotts by offering a $29 billion bailout to its real estate developers.
The slashing of Evergrande’s shares serves as a reminder that the troubled real estate developer, despite being on of China’s largest real estate developers, continues to be suspended from the Hong Kong Stock Exchange, as it has yet to provide audited financial statements.
Links:
China Mutual Fund Values Evergrande Shares at Next-to-Nothing:
China’s Central Bank May Gradually Shift Away From RRR Cuts:
Why China’s housing market is collapsing:
BlackRock, UBS Among Funds Cutting China Property Exposure:
Why Canadian investors should care about China’s slowdown:
Chinese developer Evergrande stops trading on Hong Kong Stock Exchange:
Chinese Builders Rally on Plans for State-Guaranteed Bond Deals:
China Plans $29 Billion in Special Loans to Troubled Developers:
China makes rare but ‘necessary’ foreign investment pitch as ‘they’re not writing cheques’:
Mark Mitchell – Mortgage Broker London Ontario
920 Commissioners Road East
London, Ontario N5Z 3J1
Phone: (519)860-2102 (Call or Text)
Brokerage Lic: 10464
Broker Lic: M16001479
Subscribe NOW for more Mortgage/Real Estate/Financial News/Videos.
Follow me on Social Media:
Commentary on this Channel should not be considered financial advice.
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