In a new twist of how China may soon conduct corporate bankruptcies, Chinese authorities told Hui Ka Yan to use his personal wealth to "alleviate" China Evergrande Group’s deepening debt crisis, Bloomberg reported
I'm still surprised after the last few months how Beijing hasn't bailed them out. In the US that would be a taxpayer bailout + golden parachute. It is an interesting concept having billionaires bail out their own companies, but that would likely crash other markets as his remaining billions are tied up in electric vehicles and bottled water.
>In a new twist of how China may soon conduct corporate bankruptcies, Chinese authorities told Hui Ka Yan to use his personal wealth to "alleviate" China Evergrande Group’s deepening debt crisis, Bloomberg reported
I'm still surprised after the last few months how Beijing hasn't bailed them out. In the US that would be a taxpayer bailout + golden parachute. It is an interesting concept having billionaires bail out their own companies, but that would likely crash other markets as his remaining billions are tied up in electric vehicles and bottled water.
I'm still surprised after the last few months how Beijing hasn't bailed them out. In the US that would be a taxpayer bailout + golden parachute. It is an interesting concept having billionaires bail out their own companies, but that would likely crash other markets as his remaining billions are tied up in electric vehicles and bottled water.