EVERGRANDE'S IMPACT TO THE STOCK MARKET AND BITCOIN

EVERGRANDE'S IMPACT TO THE STOCK MARKET AND BITCOIN

A lot of investors are showing their concerns towards Evergrande and how it impact's the chinese economy. How big of an issue is this? Will this also impact the stock market and the crypto market as well?

Should this make you fearful?

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VERY IMPORTANT

Please do not buy a stock just because it is talked about in Youtube. This video is for informational purposes. This is to give you a reference point and data on how you are suppose to analyse stocks only. Never buy or sell just because of this video.

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#StockSmarts #Evergrande #CryptoInvesting
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Tens of thousands of Chinese households who bought high-yield investments risk being sucked into the spectacular unravelling of China Evergrande Group after the embattled developer missed payments on funds sold through shadow banks, which have funnelled billions into its construction projects.

Some of these lenders, known as trusts, have already dipped into their own pockets to repay wealthy investors on Evergrande’s behalf, according to people familiar with the matter. Others are negotiating payment extensions with Evergrande, said the people, asking not to be identified discussing private matters.

It is not clear how much of the funds are in arrears and there is no evidence that trusts are passing payment delays on to customers who bought fixed-income products tied to Evergrande.

Already, missed payments on 40 billion yuan (US$6.2 billion) of wealth products sold by Evergrande itself to retail investors have sparked nationwide protests, putting more pressure on Beijing to find a solution and avoid further unrest.

Contagion into the US$3 trillion trust industry will put at risk many more investors, while also threatening the biggest source of non-bank funding for the property sector as shadow banks retreat.

“The Chinese government will place social stability as one of the priorities,” said James Feng, the founding partner of Poseidon Capital Group, a Chinese fund that specialises in distressed and special situation investments.

The clock is ticking for Evergrande to make these investors whole. The cash-strapped firm faces repayments in the fourth quarter on US$1.8 billion of high-yield products sold through trusts to wealthy clients and institutions. Another US$4 billion is due next year, according to data
provider Use Trust.

The Chinese government, concerned about preserving financial stability, has pushed Evergrande to meet its many obligations. In a recent meeting, regulators urged the company to complete unfinished housing projects and repay retail investors, while averting a default on its dollar bonds.

Evergrande’s billionaire chairman Hui Ka Yan meanwhile told staff last