10:04 AM, 13th December 2021, About 5 months ago 6
Hui Ka Yan is a Chinese billionaire who owns Evergrande (a Cayman Islands company)
As we know, Evergrande has enormous debts but, of course, the Chinese government have an enormous holding of US Treasury Bonds.
In the end, the Chinese government will intervene eat Mr Yan’s lunch and buy foreign banks debt at a discount and implement the apartments into local government housing and move on.
In the meantime, a whole load of bankers will have their Xmas ruined.
How do we know ?
We have seen this movie before.
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