Famous short seller Jim Chanos let people think in the last interview that he shorted some banks which are overexposed in China.
The bank had hired for about 400 client-facing roles for its mainland digital wealth planning venture and will have about 700 personal wealth planners on the ground by the end of 2021.
Looking at the puts today and the 22usd strike prices for 2021-10-15, i think that is the direction we are heading to!
HSBC, BlackRock UBS are heavily exposed with Evergrande. More bleeding coming. Evergrande has about a $4 billion market capitalization and $90 billion in debt on its balance sheet, but $300 billion including unpaid bills. How does this happen? This company should have been shut down a year ago.
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@DHD269, why would they own or lend money to Evergrande when it had all that debt?