Top base metal remains super sensitive to gyrations in China’s property market Copper needs weekly close above $4/lb to sustain a breakout, charts show Slide below $3.70 could...
Crypto’s largest stablecoin issuer has denied rumors that its commercial paper portfolio is 85% backed by distressed Chinese or Asian commercial paper. Key Takeaways Tether...
Asian markets are mostly positive this morning as Shanghai announced a raft of stimulus measures and both Shanghai and Beijing eased COVID-19 restrictions. The devil is in the...
USDT’s recent slip below a dollar has left investors questioning its stability.Key Takeaways Following Terra's UST collapse, Tether's USDT market cap has dropped by over $9...
A Mainland China holiday today, with Hong Kong joining them tomorrow, was muting trading activity in Asia today. On Friday, the US Non-Farm Payrolls posted a lower than expected,...
Are investors right to be optimistic? As we head into the second quarter, it seems the list of economic concerns is growing rather than shrinking and yet equity markets find...
Are investors correct to be optimistic? Investors appear remarkably calm at the moment given the level of uncertainty we’re facing this year, from inflation to interest rates...
Fed Chairman Jerome Powell set the cat amongst the pigeons overnight stating that the Federal Reserve could raise interest rates more aggressively to tame inflation if needed, not...
Question: What would you call an index that’s fallen in ten of eleven trading days this month, losing nearly 20% of its value over that period? Answer: The Hang Seng Index...
The looming collapse of China Evergrande Group (HK:3333), the world’s most indebted property developer, has roiled financial markets for months, threatening a contagion with...
such recovery helps property sector too, China manufacturing PMI inches closer to expansion in August
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grab more, Evergrande Property Services Group, the property-management affiliate of embattled China Evergrande Group, reported a big jump in first-half profit.Net profit attributable to the owners of the company for the six months to June rose 43 per cent to 781.3 million yuan (US$107.4 million), according to a filing to the Hong Kong stock exchange on Thursday night. Revenue rose 6.2 per cent to 6.1 billion yuan.
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standby for sudden surge again, Guangzhou on Wednesday became the first major Chinese city to announce an easing of mortgage curbs as the government ramps up efforts to revive the crisis-hit property sector and shore up the sputtering economy.
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one more shakedown then we start buying together with informed players
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shimao, aoyuan, evergrande. proly will all resume trading in the end. results published. debt scheme put to vote (tin can, see below). too big to fail. yet too rotten to continue. will resume and live a zombie. debt holders will never be repaid but the debt tin can kicked down the road eternally. question for investors is how much face value gets wiped off when they resume
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supposedly this is getting removed on the 16th at zero.
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A piece of used toilet paper is worth way more than EG. But obviously it can't be let go before certain parties try to dump their bonds etc.Good luck.