Looks like Holland period is over.


Get ready Monday bull limit up !!! Huat arhhhh investor confidence will be back!!!!!

Don't say no inform early !💪💪🤑



China pumps $14bn in cash into market amid Evergrande crisis
The move comes as the trouble facing China’s Evergrande Group fuels investor concern over the health of real estate and credit markets.

Disquiet over the fate of China's Evergrande Group comes at a time when China’s economy is already slowing [File: Chan Long Hei/Bloomberg]
Disquiet over the fate of China's Evergrande Group comes at a time when China’s economy is already slowing [File: Chan Long Hei/Bloomberg]
By Tian Chen and Tania ChenBloomberg
17 Sep 2021
China injected more cash into its banking system in a sign authorities are seeking to avert a funding squeeze amid a seasonal rise in financing demand and the intensifying debt crisis at China Evergrande.

The People’s Bank of China added 90 billion yuan ($14 billion) of funds on a net basis through seven-day and 14-day reverse repurchase agreements on Friday, the most since February. Today was the first time this month it added more than 10 billion yuan short-term liquidity into the banking system on a single day.


KEEP READING
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Protesters hauled away from Evergrande HQ as meltdown fears mount
China hires advisers ahead of Evergrande restructuring
In its latest crackdown, China intensifies focus on real estate
The move comes as the trouble facing China Evergrande Group fuels investor concern over the health of real estate and credit markets. Adding to the stress is a seasonal spike in demand for cash as banks are hesitant to lend toward the end of the quarter ahead of regulatory checks. Liquidity also tends to diminish at this time of year ahead of a one-week holiday at the start of October.



“Avoiding a systemic liquidity squeeze is the absolute priority for the PBOC and it has means to do so,” Societe Generale SA economists led by Wei Yao wrote in a research note. “A Lehman-style financial-market meltdown is not our top concern, but an extended and severe economic slowdown seems more probable.”

Still, the PBOC’s operations have yet to push money-market rates lower. The seven-day repo rate, an indicator for interbank borrowing costs, jumped 14 basis points Friday to 2.4%, the highest since June 30.

Disquiet over Evergrande comes at a time when China’s economy is already slowing. Strict movement controls put in place to curb Covid-19 outbreaks have hurt retail spending and travel, while steps to cool property prices have also taken their toll. On Wednesday, the country reported a sharper-than-expected slowdown in retail sales in August, along with weaker growth in industrial production and fixed-asset investment.

The PBOC is seeking to strike a balance between stimulating the economy and making sure its cash injections don’t result in asset bubbles. Since July, it refrained from adding additional medium-term liquidity as policy loans come due.

On Friday, the central bank injected 50 billion yuan through its seven-day reverse repos, and another 50 billion yuan via 14-day contracts, which haven’t been used since February. Some 10 billion yuan came due Friday.

“It’s fair to say that the Evergrande situation and its repercussions on the broader property market will have a far greater direct impact on Chinese growth than any of the other regulatory crackdowns,” said Alvin Tan, head of Asia foreign-exchange strategy at Royal Bank of Canada in Hong Kong. “I would not be surprised that the PBOC is acting to contain the fallout in the money markets.”

The uncertainty over Evergrande is spurring China watchers to game out potential worst-case scenarios as they contemplate how much pain the Communist Party is willing to tolerate. Pressure to intervene is growing as signs of financial contagion increase.

Numerous industries could be exposed to credit risks if Evergrande was to default, Fitch Ratings warned. It said smaller banks and vulnerable developers would be hurt the most. With more than $300 billion in liabilities, Evergrande’s liquidity stress is stoking worries over the broader Chinese property industry. Both Morgan Stanley and Goldman Sachs slashed forecasts for the industry citing the potential of an Evergrande default to roil its suppliers, other developers and financial markets.

Much hinges on how big the real-world impact winds up being on the wider property sector, which is key to the Chinese economy. Risks are growing that consumers could retrench further as the company falls behind on promised construction work and faces repayments on wealth management products sold to individuals.

SOURCE: BLOOMBERG
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This post has been edited by Messiahword: Sep 18 2021, 10:22 AM

ok

Which sentence says China pumps money to a dead company ahh, i lazy read 🤭

NBDRE.

observe junk bomb.

divide by population that’s like $10 per person

Jesus. First sentence after the initial ramblings.

It is not good for investment no?

Hutang 300billion usd but pump 14billion je?

Oii how bout the bank that fumding them? Makan pasir? If u hv money in HSBC, u betta m9ve it out as hsbc alrrady m9ved out from us. Better save than never..

China fast shot of development was based on overloaning. It times for the bubble to burst. Evergrande has 800 project that has yet completed in china alone with million r waiting to move to new house but in their dream wif evergraande is on the verge of collapsing.

China trying to stir market or give tongkat to evergrande ahh 🤭

Malaysian government pumped billion many times to FGV and LTH, they are still remained not stabilise

HODL.

雨过天情，heard before?

Every dip and FUD, there is strong rebound just like crypto.
Many say crypto will become zero, but see yourself now it's 40k++ USD.

That's why rich people in this world is very less, because everyone wants to be normal don't want outstanding.

Just like TG many curse them , wait la later sure many RE. That time cry pa ma. 🤭

70% of china banks are state owned. if central government say cannot withdraw the fund from evergrande and must continue to pump in money, those banks have to follow.

is up to central government want to save the company or not, or whether the company worth to save or not.

9am all in ioi corp

Defuk is that color scheme.

Too big to fail, CCP will bail them

Print more yuan

RMB will devalue

its a trend!

wadepak

Friday QR out, no red eye? debonair90 our lord and savior hath spoken

This post has been edited by 000022: Sep 18 2021, 10:44 AM

Just to remind, this guy literally has the opposite of midas touch.

Messiah's touch.

NBDRE

Oii dont mix fud wif hutang la dey..

Hutang is due to pay but they have no money to pay n of that they need to liquidate their asset

Their price already dropped b4 this news sensationalize n do u think china investors will hodl their money in evergrande? No they will move out asap b4 it falls to the pit. Even with gov help nobody will keep their money there. Crypto based on hype without fundemental but share are heavily on fundemental la..

A fortune 500 company fall to its grace, not a new one.. do u remember Lehman Brother?

Dont worry, will pick up at bottom barrel like



NBDRE like George Soros Ebil kek. (PRC news said hes satan)

You do realise that the funds are going into the financial sector to stabilise it, and not to stabilise evergrande right? Essentially to avoid a bank run.

I expect little of this 14 bil will go to evergrande, and in fact i understand that they'll be due for debt payments soon. Bloomberg reported that theyre fire-selling their inventory to pare down debt.

April 2022. they said due to bond holder. + interest.

Now evergrande even allow employee to bid the unsold unit or fail booking to reshore cash pile for the company.

Big shoty moment.


This post has been edited by Syie9^_^: Sep 18 2021, 11:21 AM

Seriously Gila.

Glutton for punishment this fella....

This.

But I'm doubting TS capacity to understand. He only understand it the way he wants to understand, now how it was supposed to be understood.

That is the reason to do the opposite of what he is promoting other people to do.

Universal contra call.
Vindicated but he's still refusing to learn.

If that is not the definition of insanity then I don't know what is.

This post has been edited by dagnarus: Sep 18 2021, 11:23 AM

I think now is the time for small investors to pull out as confidence lowered. Only gambler would stay.

Fiat collapse, money flows into BTC

that is chicken feed, even the annual cash injection into market for annual Lunar New Year is more than that. This is normal operation but retarded journalist (let me repeat Journalist world over is RETARDED) will linked it with something.

LOL


Feb-2020
China to inject US$174 billion of liquidity into markets amid new coronavirus outbreak (this retarded journalist linked it to COVID. LOL)

China’s central bank will pump 1.2 trillion yuan (US$174 billion) into financial markets on Monday, as part of an effort by regulators to mitigate volatility when trading opens against the backdrop of a new coronavirus outbreak.

Investors in Shanghai and Shenzhen are bracing for a possibly brutal return to trading when markets resume for the first time since the Lunar New Year holiday.

https://www.scmp.com/economy/china-economy/...arkets-amid-new


China pumps in cash ahead of Lunar New Year (Normal Year)
24 Jan 2017 — China's central bank pumped 1.13 trillion yuan (roughly $165 billion) into domestic money markets last week via its routine operations,

https://www.marketwatch.com/story/china-pum...year-2017-01-24

This post has been edited by ApocalypseSoon: Sep 18 2021, 11:40 AM

Inject into banking system, not the company. Have problem reading?

O hail messiah. Sell sell sell!

Then again .. Stock is not crypto and it's not traded world wide.

Once the stock of a company drop.. It will DROP hard until good news or something will happen just to bump the stock price a bit. Crypto however, when drop, people around the globe buy a lots cause there will be trend when it will rocket up.

300K BTC.

300K BTC.

i thought crypto will go to zero

ZEROOOO

BITCOING TO ZEROOOOOOOOOOOOOOOOOOOOOOooooooooooooooooooooooooooooooo !!!!

I specify Bitcoin. I did not mention other crypto. Get your story straight.

soli boss

NBDRE

Zero will be add to 3 + 0 + 0 + 0 + 0 + 0 + 0

Impossibiru !! Math will never compute to this !!

But with Evergrande default, it will be the first initiation of domino effects to the world economy especially Chyna. It will triggerred another recession. We're just back up from Covid n now this. Buy gold woi!!

300bil debt company but pump 14bil cash into market to cushion the damage?

so it is confirm that evergrande going to the bankrupt route ady la

NBDRE..still cheap now.

It is not enough to pay USD300b of Evergrande's liabilities.

And Evergrande is the top real estate group in China.
You can expect the smaller ones are KNN'd like the big brother.

The real estate is one the pillars of China economy.



This post has been edited by ALeUNe: Sep 18 2021, 12:05 PM

so, chinese gahmen expects turbulence in their stock market / financial system, but is not promising enough liquidity to fix the issue. am i reading this right?

how bad do you guys think it will be?

I ada cc HSBC saja.. Kalau dia collapse, cc hutang consider 0 kah. Hahahhaa

if biden desperate enough to call xi..
gut feeling evergrande gonna default..

btw pumping money into market is not bailing out the company.

Untong lew if they just turn into a dust woi.. hahaha

All in

Yesterday one Evergrande buyer wanted to jump off level 14 and another took one of their staff as hostage, better do something now.

Oh no! I'm selling everything at open on Monday!

Taiwan Mei Mei Numba wan .... oh wait .....

A few ppl 14th floor isn't big deal.

I’ll say no need to help help evergrande. It’s fucking 300bil mistake that they made and over confident

whatever recommended by TS will become a curse... i dunno why.
anyhow, still thanks to TS another hints.

From the news, will know the company really scum bag, even ask their own staff to put money at company. Something like company bond similar like FD with promise interest. While the protesters there lost their hard earning, the management already cash our prior to this.

Sohai... Today and tomorrow is CCP holiday. Where got CCP pump money. Tipu

Repair the bubble so it burst later make sense?

That just delay the inevitable

DJI plunged, no worry, easy peasy, sharks waiting buy the dip. Price stabilise

ccp not pump money into EG la...
ccp pump money into bank to soften the impact once EG fall down...

Own self pop bubble, then politically control it.
And maybe split into smaller unit.

The objective is to control housing price anyway.
While killing political opponent.

This post has been edited by ctrl_alt_del: Sep 20 2021, 09:05 PM

Selloff just started

So far ccp already dump 100 billion.
And i think there west are aware that 300 billion isn't an issue for China, China and Hong Kong reserves are considered together, the total is $3.87 trillion.

= 3870 billion. That's why no shark in the west dare to make any move attacking the markets. We don't know what's ccp stands and how's the talk between the owner and xi goes.

Hui be good boy, evergrande will be save, hui be the bad boy, his companies will go down together with him.

Jack ma is smart to give up without fight.

This post has been edited by wanted111who: Sep 20 2021, 09:12 PM

Got la, George Soros got burned + penalty last time.

Teach them a lesson, this time no one dare make any moves. Everyone on leash, it is clear CCP started the saga, and they dump 14 billion as early warning to the sharks out there. They are facing a whale.

Seems like they punishing hong kong as well while at it.

This post has been edited by wanted111who: Sep 20 2021, 09:16 PM

Its time to buy into those sector heavily supported by 14th 5 year plan while overall market is red. Not suggesting property stock as gov is trying to control property price. Already told some time ago, property is not for flipping, its for ppl to stay.

Smart smart, hopefully that works

DJI terjun again. see how murica counter this 1st.

wow. messiah is really good. Once open mouth, evergrande stock jatuh lagi.

Luckily do opposite. Tq messiah

But most chinis treats real estate as investment and bought 2 -3 flat for themselves and now rather than appreciate it depreciate like properties on Cyberjaya & JB. How?

CCP is there to kill the big shark tycoons which keep on goreng property prices.

Bbb

Have to sacrifice a bit for general population. If one can afford to buy a few houses as investment, then they must also be prepared to take the risk. But if they diversify their investment, then its just a small scratch.

ccp will not bail out evergrande, it'll set a bad precedent that the ccp gomen can be messed around with if corporations are too big to fail.

people are gonna be very upset when this compnany goes belly up and the owner (xu) will be an ideal scapegoat for ccp to put on the chopping board to appease the crowd + to warn other big corpos not to overleverage. some normal folks gonna be collateral damage sadly.

This post has been edited by thxxht: Sep 20 2021, 11:02 PM

Not so fast.
The editor-in-chief of state-backed Chinese newspaper Global Times warned debt-ridden property giant Evergrande Group (3333.HK) that it should not bet on a government bailout
https://www.reuters.com/world/china/chinas-...tor-2021-09-17/

Have you ever meet a human? They ain't that kind hearted and accept personal sacrifice for the ' greater good'.

BN doing the softening of properties speculation activities back then also kinda one of the reasons why they kena tendang out.

Since bubbles are meant to be popped, i don't see anything wrong with manually pop it earlier than expected. Consider that as normal market correction.

Most ppl don't care anyway. People stay at home, no need to check their house price every day.

This post has been edited by ctrl_alt_del: Sep 20 2021, 11:19 PM

It was initiated by the gov - forcing property developers to reduce leverage..

HK company, HK government pump in.

This post has been edited by kelvinfixx: Sep 20 2021, 11:20 PM