laitimes

Hammer and finish! The top management expressed its position to Evergrande, and all buyers can rest assured

author:Beast Treasury
Hammer and finish! The top management expressed its position to Evergrande, and all buyers can rest assured

Evergrande Group, which was also specifically stated by the Governor of the People's Bank of China and the Secretary of State of the United States, really belongs to the global sensational enterprises.

On Friday, Zou Lan, director of the financial market department of the central bank, characterized the Evergrande incident for the first time:

The Evergrande problem is not a general problem, but an individual problem in the real estate industry. Refer to the article "Tonight, all Evergrande buyers finally breathe a sigh of relief".

Today, Yi Gang, governor of the central bank, said About Evergrande, which is a higher-level statement and a heavier weight.

He said:

Overall, Evergrande Risk is a case-by-case risk.

In terms of countermeasures, we must first avoid evergrande's risk of spreading to other real estate enterprises. The second is to avoid risk transmission to the financial sector. Evergrande's liabilities are about 300 billion US dollars, of which one-third are financial liabilities, creditors are scattered, and collateral, and overall, the spillover of the Evergrande incident to the financial industry is controllable.

Our principle of responding to the Evergrande incident is to fully respect and protect the legitimate rights and interests of creditors and property owners in strict accordance with the order of payment stipulated by law.

In this process, it is especially necessary to protect the legitimate rights and interests of consumers who have purchased houses. We will adhere to the principle of the rule of law and ensure that the legitimate rights and interests of all creditors and stakeholders are treated fairly. In general, we are confident that we can control the risk within a certain range and avoid systemic risk.

Tonight's statement is very straightforward and informative.

First, creditors are scattered.

As the director said before, the top management audited Evergrande for almost a month, and its inventory liabilities had long been clearly checked.

Evergrande's loan financial institutions are very even, east and west, no bank is hundreds of billions. Other trusts, commercial tickets, ABS, etc. are scattered.

Take the minsheng bank with the highest amount of money, its loans and advances of 3.96 trillion yuan, Evergrande accounted for only 0.7%, such a small proportion, is not a fatal blow.

The dispersion of creditors is also a key factor in the confidence of the top to avoid systemic risks.

The second point is the joint emphasis on individual cases.

Last week, the central bank leaders set the tone, Evergrande Group was poorly managed, failed to operate prudently according to changes in the market situation, but blindly diversified and expanded, resulting in a serious deterioration of operating and financial indicators, and eventually outbreak of risks.

The meaning is very clear, that is, it is self-inflicted with the disaster, and it has nothing to do with the housing non-speculation policy.

This time, President Yi stressed more about Evergrande's risk of infecting other housing enterprises and financial systems.

The meaning is very straightforward, It doesn't matter whether Evergrande dies or not, it can be isolated, it can be cut off, as long as it is not expanded, the whole does not collapse.

The second point, which is also the most concerned point for all home buyers.

The President said that in accordance with the order of payment prescribed by law, the legitimate rights and interests of creditors and property owners should be fully respected and protected. Especially the rights and interests of the owners who have already bought evergrande houses.

What's the signal here?

Everyone knows that evergrande owes 2 trillion yuan in debt, and it is almost impossible to pay back everyone's money.

Then please you Evergrande hurry up and dispose of the assets cheaply, the transfer transfer, first return a part of the payment.

Later, if you enter the bankruptcy reorganization and liquidation procedure, whose rights and interests will be protected first?

According to the law, the first to rank is definitely the home buyer, which is the highest priority.

Now evergrande construction sites across the country have stopped working, because of the president's statement, everyone can eat a reassuring pill, the house will not rot, and in the end it will only be delayed delivery.

In second place, there is the construction project, which is also a priority.

Finally, there are loans from financial institutions, which are risky after all.

Final Conclusion:

To ensure delivery, can not be rotten, this is the death order of the high-level. Tonight all Evergrande buyers can get a good night's sleep.

Read on