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phucked up prc

subhuman cockroach
reminds me of kafir cockroach yankee pommie canuck other anglo jewish scum rats

LOL!... As expected from a retarded dickless faggot like you. LOL!...

No wonder your mother and wife begging me to fuck them. LOL!....
 
CCPee no money.
Tiongs no money.
And some CCPee cocksuckers here still brag about how powerful tiongcock is. I dedicate this picture for these fuckers.

View attachment 125303

When the CCP tinpot regime finally implodes, I really hope they won't commit suicide.

This is mental health advice from the gov dot sg official TikTok.

 
after evergrande and fantasia, sinic holdings and china property group are defaulting on their offshore bonds. $250m and $226m respectively. prc phucked up.
 
https://asia.nikkei.com/Spotlight/C...7&pub_date=20211018083000&seq_num=15&si=44594

Huarong to sell $59bn of bad assets in revitalization push

Scandal-ridden debt manager secures lifeline led by state-owned Citic

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The next months will be crucial in deciding the fate of Huarong, one of four asset management companies created to dispose of nonperforming assets held by China's state banks. ©AP
QUAN YUE and DENISE JIA, CaixinSeptember 17, 2021 00:55 JST
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China Huarong Asset Management is putting 380 billion yuan ($58.8 billion) of bad assets up for sale after the scandal-plagued bad-debt manager reported a record loss last year.

Huarong secured a long-expected rescue plan last month led by state-owned giant Citic Group, China's second-largest financial holding company.

Citic is wholly owned by the State Council, the country's cabinet. The sale of bad assets reflects Huarong's determination to speed up revitalization and restructuring of its idle assets and distressed subsidiaries.

The marketing of the bad assets will mainly use online channels, with the company increasing marketing through its official website, livestreaming, offline promotion and a micro program, Huarong said in a statement.

The bad assets involve more than 7,000 borrowers in real estate, manufacturing, mining and other industries, and the collateral includes shopping malls, hotels, residential properties, businesses and mining rights, Huarong said.

Among the assets are machines and transportation equipment, receivables, financial collateral, current assets, intangible assets and real estate, Huarong said. The mining and exploration rights are worth about 12.46 billion yuan, involving 73 borrowers. Real estate assets involve 3,721 debtors, land rights 1,352 and projects under construction 204.

The assets for sale do not include the stalled Jeju Island tourism project in South Korea, in which Huarong invested $3.4 billion, indicating the company might have other plans for the project.

Huarong last month reported long-delayed 2020 results, posting a record 102.9 billion yuan loss while citing the impact of a review of assets and risks and the COVID-19 pandemic. It reported that shareholder equity fell nearly 85%.

Established in 1999, Huarong is one of four national asset management companies created to dispose of a massive volume of nonperforming assets held by China's big state banks. Their job is buying up distressed debt and trying to recoup as much money as possible by selling or restructuring the assets, or applying other methods of recovering the debt.

Huarong has been in turmoil since the downfall of former Chairman Lai Xiaomin in April 2018. Under Lai's decade long tenure, Huarong expanded beyond its original mandate and grew into a financial conglomerate engaged in a wide range of financial services, including securities, trusts, banking and financial leasing. But the aggressive expansion through opaque deals with affiliated companies left Huarong with hundreds of billions of yuan of unresolved bad debt.

Lai was sentenced to death and executed in January in the country's biggest financial-sector corruption case. He was convicted of taking a record 1.79 billion yuan of bribes from 2008 to 2018 as well as bigamy and embezzlement.

Most of Huarong's risky business endeavors on Lai's watch were related to overseas expansion, affecting nearly 400 billion yuan of the company's offshore assets.

The next few weeks and months will be crucial in deciding the fate of Huarong. The company said on Aug. 18 that a consortium of financial companies led by state-owned heavyweight Citic Group agreed in principle to recapitalize and restructure the company.

Current estimates put the size of the capital injection Huarong needs at around 100 billion yuan. Citic will provide the lion's share of the funds -- between 20 billion yuan and 50 billion yuan -- most likely raised through bond issuance, sources told Caixin.

Han Wei contributed to this report.
 
@tanwahtiu do you know why? O$P$.

Crash... over supply... end game for residential property investment.

Now into algorithm trading in securites... go learn python for financial analysis and algorithmic trading... hot fintech...

Easy to learn and follow. Get to know DataFrame, plot map, pandas and numpy, portfolio, CAPM, Hedging.... Sharpe ratio... and more...




 
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The ChiCons based their legitimacy on economic growth, employment etc. With the black outs, means low employment and economic growth etc...wont the ChiCons be fucked by its own ppp?
 
The ChiCons based their legitimacy on economic growth, employment etc. With the black outs, means low employment and economic growth etc...wont the ChiCons be fucked by its own ppp?

Nope... the Chicoms based their legitimacy on guns. The economic growth is just an afterthought... and on hindsight, just like fattening the livestock for slaughter later. :cool:
 
Nope... the Chicoms based their legitimacy on guns. The economic growth is just an afterthought... and on hindsight, just like fattening the livestock for slaughter later. :cool:

Rule by the gun is only temporary. The ChiCons can't keep it up. But of course the ChiCons plp will starve n still be happy with ChiCon rule. Look at how many singkies support the ChiCons? Despite the ChiCon tyranny? Guess ChiCons will rule for a long time
 
Rule by the gun is only temporary. The ChiCons can't keep it up. But of course the ChiCons plp will starve n still be happy with ChiCon rule. Look at how many singkies support the ChiCons? Despite the ChiCon tyranny? Guess ChiCons will rule for a long time

Sinkies are myopic and tend to live for (perceived) short-term material gains. Of course they would support the CCP regime. Those various Sinkie Chinese business associations are swarming with the most ardent fans. :biggrin:

However, the opinions of the deluded overseas fanbase does not alter the inevitability of world affairs. The CCP regime will implode, just remember to take cover when the shrapnels start flying. :cool:
 
Sinkies are myopic and tend to live for (perceived) short-term material gains. Of course they would support the CCP regime. Those various Sinkie Chinese business associations are swarming with the most ardent fans. :biggrin:

However, the opinions of the deluded overseas fanbase does not alter the inevitability of world affairs. The CCP regime will implode, just remember to take cover when the shrapnels start flying. :cool:
The problem is when will the ChiCons implode? I have been hearing it since i was born
 
like dominoes falling one by one, now yango group is defaulting on $198m in loans and securities.
 
like dominoes falling one by one, now yango group is defaulting on $198m in loans and securities.

A joy and delight to behold. The daft individuals, countries and funds that continue to invest in China are so fucked. :cool:

China might actually attack Taiwan out of desperation. The day it does that will be the day the mainland will be liberated. :wink:

China (PRC) should be split up into several smaller countries like the former Yugoslavia. Because once unified, the delusional 'middle kingdom vs foreign barbarians' mentality sets in, and you cannot make deals with such an entity, since you, the foreign country, will be either viewed as a vassal or an enemy.
 
A joy and delight to behold. The daft individuals, countries and funds that continue to invest in China are so fucked. :cool:

China might actually attack Taiwan out of desperation. The day it does that will be the day the mainland will be liberated. :wink:

China (PRC) should be split up into several smaller countries like the former Yugoslavia. Because once unified, the delusional 'middle kingdom vs foreign barbarians' mentality sets in, and you cannot make deals with such an entity, since you, the foreign country, will be either viewed as a vassal or an enemy.
Will canto land gain independence? And canto be the national canto land language? It's high time the northern bastardised Manchurian language be consigned to the dust bin of history n non-cantos go back to where they come from..
 
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