Founder Hui Ka-yan, seen during a speech in 2017, is trying to save his debt-laden property empire as cash flow dries up. Photo: Handout
Founder Hui Ka-yan, seen during a speech in 2017, is trying to save his debt-laden property empire as cash flow dries up. Photo: Handout

China Evergrande: from ‘controlled demolition’ to near-certain default and state takeover, money managers outline views on unfolding debt crisis

  • Evergrande has slumped 82 per cent this year, wiping out almost US$20 billion of value, while its offshore bonds tanked to distressed levels
  • Global fund managers see a range of outcomes amid official silence, with most citing the need to prevent social disorder from angry customers

Topic |   Evergrande crisis
Founder Hui Ka-yan, seen during a speech in 2017, is trying to save his debt-laden property empire as cash flow dries up. Photo: Handout
Founder Hui Ka-yan, seen during a speech in 2017, is trying to save his debt-laden property empire as cash flow dries up. Photo: Handout
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