Goldman Sachs on How to Stabilize the Chinese Property Market

Oct.11 -- Goldman Sachs Head of Asia Credit Strategy Kenneth Ho believes investors need to see more concrete signs of policy support before sentiment will stabilize. He was speaking with Yvonne Man and David Ingles on "Bloomberg Markets: China Open."

[cccccc]

You can feel all three speakers are trying their best to avoid saying : Chinese property market is screwed

[martins]

Basically the ship is sinking but big boys are moving slowly to the life boats to not raise alarm and everybody runs to the life boats at the same time.

[ssuwandi]

The end of 40 year boom! Those Ghost Cities should be sale prices sooner than later

[Mkay]

HK is done, that's reality. Stop fooling people

[aliceangela]

Buns Cake made a legendary debut. Congratulations indeed. Holders earn a lot of Cake. 🍰👍

[theIdlecrane]

change in policy = we need government bail out, not avoid the sector = we need bag holders.

[andrewfyfe]

Unfortunately, the guy from Goldman Sachs is trying to avoid to give an answer with any real substance. Typical of most economists in general but this takes the cake in winning the prize for complete dribble!

[granttraders]

Can anyone literally justify a 200k Bitcoin? Models all say 100k-150k is the best we could hope for. An ETF (futures) would be very bad for bitcoin in the long run because it will be backed by paper.

[kennythekid]

it can't be stabilized LOL everyone on this panel is coping hard

[chrisjenkins]

People who gamble their money away on Real-Estate speculation should never be bailed out by taxpayers.

[marekkolenda]

China made older types semiconductor Taiwan made newest types semiconductor

[joem]

This happens to everybody : HK, US, Japan but results can be very different.

[kev]

“Stabilizing the housing market” means to keep housing prices high. More youngsters will be laying flat.

[mustardfj]

In short: Titanic is sinking, get on the life boats. People will die but some will live on

[lettucesalad]

Beanie Babies: China's housing is a good investment

[samwalton]

At this point it is all high yield financing!!

[youareright]

New York capital funds are buying those Chinese developments for 20 to 30 cents on the dollar.

[julesfisher]

As I said earlier, The fact that the Chinese government have not said or done anything to directly support Evergrande is saying to the Chinese property developers that it is acceptable to default on off-shore $ bonds and no action will be taken against the companies. So now all Chinese developers are going to default / reschedule until the Chinese government says that off-shore $ bond holders should be paid in accordance to their lending terms.

[johndavenport]

If you listen to worry Goldman Sachs says you will lose everything including your soul.

[MM-qcrd]

Rating agency. Watch how worse than 2008 they are . They simply ride along and when everyone is aware of systemic risk, they start to down grade. If Rating Agency were a soccer referee, no one would see a red or yellow card during the game only after the game is complete