China Property Stocks Plunge Amid Shimao 'Red Flag'

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Shares of Chinese property developers are trading around a five-year low amid concerns over Shimao Group Holdings Ltd.'s ability to meet its debt obligations. Still, Shimao says there are no issues. Rebecca Choong Wilkins reports on "Bloomberg Daybreak: Asia."
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Wasn't it like a month ago that BlackRock and a few other big players were pushing for more investors to go into China because it was at a "significant discount."

justinchapman
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This is just the beginning: most developer debt matures in March/April 2022. Get your popcorn

apvial
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he lived a life of excess, his empire in debt. but he carried on, his dreams ever grand. until they turned to sand.

pradbourne
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Those who fail to learn from history are doomed to repeat it.

ruthlessluder
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Yes, Rebecca Choong, Great data, 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾💯😍👑❤️.

Renould
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Whew property in Pasadena is going to plummet!

cato
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Time for the rich to go into hiding from the poor. We have seen this before.

"Little by little, the old world crumbled, and not once did the king imagine that some of the pieces might fall on him"

Tags: french-revolution

drsuzuki
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ENJOY! Invest in China at your own risk. TOLD YOU SO!

thedude
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Bad, too bad, about to collapse, and Boom, unexpectedly good. Which stage is this Bloomberg "report" at?

ylu
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*voodoo child* here come the drums, here come the drums

thomasmansfield
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Sound like Shimao is using reserves to fund construction. This would move them out of trust.

tdevinetampa
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Bear did the same thing back in '07 to shore up a couple of hedge funds?

thomaskauser
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WhoA 🤯 losing 80% of mkt cap! In Thai mao means drunk 🥴

MCorpReview
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80 mil vacancy, - defaulting evergrande and more - 10% chinese GDP or ponzi gone.

sebastianlassus
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Can Rebecca's accent get any posher? 👍

Michael-Ray
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En el año del tigre de agua 2022, China debe invertir en agricultura vertical.

pitufo
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China need invest un vertical farming...

pitufo
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Interesting to see so many Asian Countries is rising and growth currently...

bambamkitring
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Into the ground like a dart with an Elon musk rocket strapped to it

derekmcfadyen
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Can she, sort of, stop using ‘sort of’ so often?…😒😖

dilibau