XJO - Bear Posts only (Factors which might cause the markets to fall), page-14372

"I think the point that many news articles failed to highlight is the liquidation is for the "Evergrande Hong Kong listing only". Mainland China is another jurisdiction where most of the assets are held are under a different listing "China Evergrande group".

Wrong! Under an agreement signed in 2021 between Hong Kong and China, the two jurisdictions would mutually recognise liquidation orders from both sides. So, that's it - the shares are now worthless everywhere and the lenders and creditors want their money.

I think the big problem is the Chinese administration does not have the skills or expertise to complete the buildings and still needs the developers to do that. So, if they kill the developers everyone's hope of ever getting a completed home, or their money back, will be dashed and a civil war begins.