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Yuuzoo Next Alibaba Fast -Grow E-commerce
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MakeChanges
Elite |
09-Dec-2021 16:41
Yells: "No price is too low for a bear or too high for a bull" |
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  China Evergrande Group' s inability to meet its obligations is a market event and will be dealt with in a market-oriented way, the head of the nation' s central bank said. " The rights and interests of creditors and shareholders will be fully respected in accordance to their legal seniority," People' s Bank of China (PBOC) governor Yi Gang said Thursday (Dec 9) in a pre-recorded video message to a top-level seminar about Hong Kong' s future as an international financial center. The comments provide the latest signal that Beijing will not bail out Evergrande as it strains under more than US$300 billion in liabilities. The embattled property developer, which has yet to pay overdue interest on 2 bonds this week, said it will " actively engage" with offshore creditors on a restructuring plan. The company is planning to include all its offshore public bonds and private debt obligations in the restructuring, people familiar with the matter said on Monday.  
Hong Kong has established an effective system and well defined legal provisions to deal with such issues, Yi said. Risks from a few firms in the short term will not undermine Hong Kong' s financial system in the long term, he said. Beijing' s reluctance to bail out the developer sends a clear signal that the Communist Party will not tolerate massive debt build-ups that threaten financial stability. The PBOC reiterated last Friday that risks posed to the economy by Evergrande' s debt crisis can be contained, citing the developer' s " own poor management" and " reckless expansion" for the problems it faces. Authorities have acted to limit the fallout from Evergrande' s crisis. The PBOC said on Monday it would lower the amount of cash banks need to hold in reserve. The same day, a meeting of the Politburo signalled looser curbs on real estate. That has helped stabilise the nation' s financial markets, with the CSI 300 Index of stocks heading for its best 3-day gain since May. Chinese junk US dollar bonds have also risen for three straight days. |
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noobnub
Supreme |
09-Dec-2021 16:05
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not much time left but 90 was a good price to short.  i wait for tomorrow
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ykjuay
Veteran |
09-Dec-2021 15:45
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better don' t short......coming 0.11 tgt | ||||
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TraderBen
Supreme |
09-Dec-2021 15:44
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shorting time? | ||||
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Stocky901
Supreme |
08-Dec-2021 18:54
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Continue to short.. 7 series very soon. Good kopi everyday 🍵 🍽 ️ | ||||
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noobnub
Supreme |
08-Dec-2021 16:42
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wasted 85 could have make 4 pips easily
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noobnub
Supreme |
08-Dec-2021 15:38
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haha but i frequently see catch this burn that you mean no buyers catch air?
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TraderBen
Supreme |
08-Dec-2021 15:25
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only push abit not much retailers will get trapped one..
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noobnub
Supreme |
08-Dec-2021 15:25
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wasted could have easily cover 86 make 3 pips
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noobnub
Supreme |
08-Dec-2021 14:48
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16bids down no joke even go up 16 pips those bought only breakeven 
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choices30
Member |
08-Dec-2021 14:37
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Until one fine day (which will happen, for sure), the shortists get trapped themselves and burnt to death by CKs/BBs | ||||
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noobnub
Supreme |
08-Dec-2021 14:36
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haha thumbs down mean got people bought 89 or 90 tio trap
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noobnub
Supreme |
08-Dec-2021 14:28
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thats why when they push up to trap retailers can short haha | ||||
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Stocky901
Supreme |
08-Dec-2021 11:26
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Chinese penny stock better don't long. Shortists favourite.😋 | ||||
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TraderBen
Supreme |
08-Dec-2021 11:14
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china evergarde news can move this alot..  | ||||
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noobnub
Supreme |
08-Dec-2021 11:12
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covered all 87 make 2 pips huat ah
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noobnub
Supreme |
08-Dec-2021 11:02
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haha chop 99 lose 1 bid lucky lose to you 1 bid otherwise could have lost 16 pips
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henrymilton
Master |
08-Dec-2021 10:56
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you still rmb, bravo today need your direction. |
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noobnub
Supreme |
08-Dec-2021 10:53
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haha last rd kenna whack by your shorts lose 1 bid this time make back 2 bids 
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noobnub
Supreme |
08-Dec-2021 10:49
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covered half 87
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