China Evergrande Group – More Casualties
Equity Bottom-Up311 Views, 17 Jan 2022 02:11
EXECUTIVE SUMMARY
- Evergrande Is Breaking Down More Rapidly Than Banks Have Kept Up;
- Minsheng Has Significant Exposure to Evergrande and Other Problem Developers; and
- Minsheng Is Not Insolvent, But It Is Getting There Very Quickly.