Free Trial

Authorities Reportedly Requesting State-Backed Firms Buy Up Evergrande Assets

CHINA
  • Reuters reports that the Chinese authorities are pressing both government owned firms as well as state-backed property developers to buy up assets from Evergrande, according to sources.
  • The pieces goes on to say that any asset purchases would hopefully ward off or at least limit any social unrest should Evergrande suffer a "messy collapse".

Full article here: https://www.reuters.com/article/china-evergrande-d...

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.