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Understanding Evergrande, the Chinese Real Estate Conglomerate That’s Nearing Collapse
Odd Lots
The Pursuit of Out Performance
Evergrand set up a financial entity which was a wealth management product issuer. And basically they ended up stuffing a whole bunch of evergrand notes into this entity. All told, retail has exposure to evergran paper in a concentrated way,. To something like forty to 60 billion r m b, is what i've read.
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