Agile, the former model student of the real estate industry, has finally defaulted. On May 14, the Hong Kong Stock Exchange announced that the company could not pay off two US dollar bonds and had to postpone repayment. In fact, after the introduction of the white list of real estate enterprises this year, Agile Chongqing, Guangzhou, and Kunming have high-quality projects that have been included in the list for financing. In the face of such a big positive, the company's top management is also optimistic, and it is expected that the company will turn a profit this year or next. Its Hong Kong-listed stock has also risen sharply in recent days. In fact, there is still a thunderstorm in a company that runs so well, and there is really no way to do it.
Country Garden, Sunac, Vanke and other companies have fallen. There will also be various problems in the issuance of financial products involving real estate by financial enterprises such as trust funds, stocks, and insurance. We still have to attach great importance to this risk and cannot let it develop, which is a problem of the industry as a whole, not a problem of individual enterprises. In China's economy, someone has to build a house.
Back then, the person who lifted the lid on Evergrande's two trillion debts was hailed as a hero. But to this day, do you still think so? This one is worth putting a question mark.