Solve the little thing about Evergrande

First, the registered capital of 3.9 billion yuan, debt of nearly 2 trillion yuan, how to do it?

Buy land mortgage, build a house and sell it (the money is not repaid first, anyway, the repayment cycle is long, not urgent), the tail building can also be mortgaged, and then buy land and then re-loan to build a house, and even hoard land direct mortgage the house is too lazy to build... Leverage for recycling funds.

There are many ways, in addition to mortgage loans, operating loans, and registered companies as third-party guarantees... It is not much to say that the financial road is broken. Anyway, the bank is only doing business, but it sells money, collects money, and the banks also compete with each other for profit.

In addition, there is fundraising.

Second, the capital and debt are offset, but not the funds are offset, and the assets can be offset.

Evergrande has more assets (the market price of land and real estate has increased N times, and the book value has increased), but it has less funds, and it has barely repaid its debts without this situation.

However, due to the sudden drawing of the policy red line, the flow of funds has not reached the standard of the government decree, the confidence of the market has been shaken, the masses have not believed in nature and are anxious to return the capital, and there are more blind speculators.

If there is no red line or a slowdown, it is not necessarily a sudden crisis, of course, the risk is always there, and according to its starting development habits, the future explosion may be a greater risk.

Third, the lack of money of course to urgently cash out to break the siege, but the characteristics of this industry, a large number of its assets are land and real estate, most of the people who can take the plate are peers, everyone mud bodhisattva does not say, your industry's first boss, many years of barbaric growth is destined to offend peers to recruit people to hate more, first let you be impatient, then did not recruit the inevitable price reduction discount treatment and then take over the market is not late, everyone is a human spirit, high price is not stupid. Therefore, the more anxious he was, the more he could not find the money.

In addition, creditors are also anxious to return the capital, which is equivalent to a run.

Fourth, in fact, the dilemma of this matter is not unsolvable, after all, the assets have not depreciated, but the time is long, and to persuade the creditors to regain confidence, of course, there is the government to help endorse the best, after all, the credibility is still leveraged.

That's pretty much it.