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“Evergrande is about $300 billion in debt, with one-third of it under financial liabilities. This, adding to diverse creditors and collateral offers for its debts, suggests the spillover of the Evergrande incident on the financial sector is under control. The legitimate rights and interests of creditors and property owners, particularly homebuyers, will be fully respected and protected strictly in line with the legally prescribed order of repayment.”
17 Oct 2021
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