Here’s why the Evergrande crisis is not China’s ‘Lehman moment’Uday Kotak, chairman of Kotak Mahindra Bank said that Evergrande seems like China’s Lehman moment. He further said that it reminds him of Infrastructure Leasing and Financial Services Ltd (IL&FS) crisis in India. In September 2018, IL&FS had defaulted on its debt obligations, triggering a liquidity crisis.
China's Evergrande is probably 'too big to fail': Market strategist
The thought of a Lehman Brothers-esque collapse in China sent U.S. investors running for the exits Monday. The Dow Jones Industrial Average (^DJI) sank 614 points, while the S&P 500 (^GSPC) fell 75 points and the Nasdaq Composite (^IXIC) plunged 330 points. It was the market’s worst one day slide in months and shattered an extended stretch of calm for stocks. The S&P 500 hadn’t fallen more than 1% since mid-August. Investors were rattled by news…
How Evergrande could turn into China’s Lehman Brothers
At the end of June, Evergrande had nearly 2 trillion Yuan (USD309 billion) of debt on its books. It is on the verge of debt restructuring or even bankruptcy, many institutions believe. A bankruptcy would amount to a financial tsunami, or as some analysts put it, “Chinas Lehman Brothers”. The American investment banks 2008 collapse triggered a global financial crisis.
‘China’s Lehman Brothers moment’: Evergrande crisis rattles economy
President Xi Jinping faces serious test of his financial reforms as struggles of property giant send ripples through real-estate sectorThe crisis engulfing Evergrande, China’s second-biggest property company, is the greatest test yet of President Xi Jinping’s effort to reform the debt-ridden behemoths of the Chinese economy. It could also be the most significant test that China’s financial system has faced in many years.As angry protesters occup…
EXPLAINED: The Evergrande Crisis And What It Means For Markets
Troubles at one of China's biggest real estate companies has triggered speculation whether it could be the 'Lehman Brothers moment' for the world's second biggest economy, drawing parallels with the collapse of the US bank in 2008 amid the bursting of the housing bubble that sparked a global financial crisis.
Evergrande is a Lehman-style lesson for China
A slowdown in China’s property sector is a worry for the world economy, but the country has a different role in global finance to that of the US, writes Anna Isaac
Here's why the Evergrande crisis is not China's 'Lehman moment'
Property developer China Evergrande's debt woes are unlikely to cause the same fallout as the collapse of U.S. investment bank Lehman Brothers, analysts said.
Evergrande default ‘unlikely’ to threaten China’s banking system
A highly anticipated default by China Evergrande Group as soon as this week is unlikely to spark a broader malaise that threatens the overall stability of China’s financial system in the same way the collapse of investment bank Lehman Brothers did during the global financial crisis in 2008, according to research analysts.The world’s most indebted property developer is supposed to make a series of interest payments on its debt beginning on Thursd…
Crunch Time For Evergrande, But No 'Lehman Moment'
With the future of Evergrande hanging in the balance, global markets have plunged on fears that one of China's biggest developers could collapse and cause a contagion throughout the world's number two economy and beyond. Talk of a "Lehman moment" has rung loud this week as worried investors try to ascertain whether the crisis could be a replay of the bankruptcy of Wall Street titan Lehman Brothers during the 2008 global financial crisis.
Explained: Is the Evergrande crisis China’s Lehman moment?
Evergrande, a company that started out in 1996 selling bottled water followed by a stint in pig farming, has long been the poster boy of the Chinese real estate boom. What triggered crisis now, and how has it impacted global markets?
Markets are uneasy about debt-laden Evergrande - but this is no Lehman moment
The troubled Chinese property giant is said to have total liabilities of as much as $310bn - a sum that is more than the combined national outputs of Bulgaria, Croatia, Lithuania, Slovenia and Estonia.