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Silver Point

Thomas J. Monaco

Independent Insight Provider

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

Equity Bottom-Up

*HKMA Maybe Reverses Course: After ensuring that China Evergrande Group (3333.HK) had enough liquidity to cover its excessive mainland Chinese liabilities with subsidies from the banks that it regulates, the Hong Kong Monetary Authority (HKMA) has now asked these same banks to report their overall risk exposure to Evergrande – given the potential systemic risk posed to both Hong Kong’s and mainland China’s financial system.

*HKMA Maybe Reverses Course: After ensuring that China Evergrande Group (3333.HK) had enough liquidity to cover its excessive mainland Chinese liabilities with subsidies from the banks that it regulates, the Hong Kong Monetary Authority (HKMA) has now asked these same banks to report their overall risk exposure to Evergrande – given the potential systemic risk posed to both Hong Kong’s and mainland China’s financial system. 

China Evergrande Group – Up Is Down In Hong Kong