Tech Titans: Corporate Leaders at the Forefront of Digital Transformation
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
September 28, 2021: -Embattled developer China Evergrande’s situation is not a surprise, given the steps taken by Beijing to rein in excessive debt in the property sector, according to Orient Capital Research’s Andrew Collier.
“This is all a bit of a tempest in a teapot, sounding funny given that the whole world is worried about Evergrande now,” Collier, which manages director at the research firm, told CNBC on Thursday.
Collier pointed to Beijing’s “three red lines” policy introduced last year, aiming at preventing developers from loading up on debt as well as deflating the property bubble.
“The result is one of the largest companies, and the most indebted is, not surprisingly, in trouble,” he said, referring to Evergrande.
“The fact that they can be continuing to force developers to try to deleverage is an indication that they think this is a great campaign,” Collier said.
The Chinese authorities’ rationale for action is “pretty obvious,” he said. “They figure that if they don’t do this, then they go to have an even crisis on their hands, and the entire property market goes into a bubble territory over it is, and then collapses,” he further added.
The ongoing crisis surrounding debt-ridden Chinese developer Evergrande has captured global investor attention for much of this week and rattled markets.
Hong Kong’s Hang Seng index decreased nearly 3% this week, while major indexes on Wall Street also tumbled amid the risk-off sentiment, although they staged a relief rally later in the week.
If Beijing so desires, it actually “release the brakes” and ask state proxies like regional banks to step in and recapitalize Evergrande, Collier said.
Still, he sees authorities as “likely to inflict some pain” on investors to convey that they’re tired of excess in the property sector.
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
In the vast and often tumultuous seas of corporate leadership, have you ever wondered how some captains …
In the high-stakes game of corporate leadership, where every decision reverberates through the echelons ….
In the corporate landscape, where conformity often reigns supreme, what if I told you that rebels aren’t troublemakers but …
If I in order to the betting software to deposit, I actually still can, as they allow three settlement methods in a rolling 30 times.
The developer, mostbet, indicated that the app’s privacy procedures might include handling of data as referred to below. Megan Williams has been covering up all
Mostbet is the globe leader when this comes to live stream as they demonstrate over 70, 000 events live, but many wonder regardless of whether
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you