Currently there is no description available for Kelvin Wong.
“I think it's more of a quiet rescue, because they also do not want to explicitly say: hey, I'm here to inject X amount of billions into your books to actually rescue you. They do not want to actually create another moral hazard to the market, to say... 'go on, continue your business as usual of property development, at the end of the day, we will still rescue you'... I do not think it will be at that kind of level [of Lehman Brothers], because I do not see any kind of a securities product that's been kind of securitized off from Evergrande's books itself.”
22 Sep 2021
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