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Discussion - China: Is the bubble going to burst?


Bigbird

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https://www.scmp.com/news/asia/southeast-asia/article/3125444/singapores-cdl-counts-cost-us14-billion-cautionary-tale

 

old but gold

Singapore’s CDL counts cost of US$1.4 billion ‘cautionary tale’ investment in Chinese developer Sincere Property Group

 

  • The US$1.3 billion impairment serves as a warning to others that investing in the world’s second-largest economy comes with hidden risks
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Just now, Bigbird said:

https://www.scmp.com/news/asia/southeast-asia/article/3125444/singapores-cdl-counts-cost-us14-billion-cautionary-tale

 

old but gold

Singapore’s CDL counts cost of US$1.4 billion ‘cautionary tale’ investment in Chinese developer Sincere Property Group

 

  • The US$1.3 billion impairment serves as a warning to others that investing in the world’s second-largest economy comes with hidden risks

this case, cdl never do due diligence ah? 

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  • 2 weeks later...

 

 

Evergrande got protest liao...

video smuggled from tiongland

 

许家印

 

 

Xu Jiayin (Chinese: 许家印; born 9 October 1958), or Hui Ka Yan in Cantonese, is a Chinese billionaire businessman and chairman of Evergrande Group, a Chinese real estate developer.[2]

Hui is the largest shareholder of China Evergrande Group. It has more than 700 projects in more than 240 cities in China including Beijing, Shanghai, Guangzhou and Shenzhen. In 2017, Evergrande Real Estate Group will achieve a sales amount of RMB 450 billion. The Guangzhou-based company has become China's biggest property developer in 2016 based on sales volume and had revenue of 211.4 billion yuan (US$31.8 billion) in 2016.

As of August, 2021, Xu has an estimated net worth of $9.82 billion, making him the 253rd -wealthiest in the world, according to Bloomberg Billionaires Index.

https://en.wikipedia.org/wiki/Xu_Jiayin

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17 hours ago, meng.huat said:

 

 

Evergrande got protest liao...

video smuggled from tiongland

 

许家印

 

 

Xu Jiayin (Chinese: 许家印; born 9 October 1958), or Hui Ka Yan in Cantonese, is a Chinese billionaire businessman and chairman of Evergrande Group, a Chinese real estate developer.[2]

Hui is the largest shareholder of China Evergrande Group. It has more than 700 projects in more than 240 cities in China including Beijing, Shanghai, Guangzhou and Shenzhen. In 2017, Evergrande Real Estate Group will achieve a sales amount of RMB 450 billion. The Guangzhou-based company has become China's biggest property developer in 2016 based on sales volume and had revenue of 211.4 billion yuan (US$31.8 billion) in 2016.

As of August, 2021, Xu has an estimated net worth of $9.82 billion, making him the 253rd -wealthiest in the world, according to Bloomberg Billionaires Index.

https://en.wikipedia.org/wiki/Xu_Jiayin

 

alrdy got stop-work and drastic price drop over the past 2 weeks liao but still have some kgks still optimistic that evergrande will survive.

 

 

 

i think next shld be.......

 

Country Garden say it has "zero tolerance" for illegal behaviour after NSW  ICAC Maguire allegations | Urban

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