Will the People's Bank of China be paying Evergrande's foreign debts (aka bonds)? How many derivative products were created off those in other markets? Will it be as bad as 2008/09 when Mortgage Backed Securities and their derivatives collapsed except this time it is Commercial Mortgage Backed Securities?
Just asking questions in case anyone closer to those business areas wants to chime in. I doubt there is transparency coming out of China about this.
Just asking questions in case anyone closer to those business areas wants to chime in. I doubt there is transparency coming out of China about this.