Currently there is no description available for Shen Meng.
“Evergrande still has huge assets enough to cover its liabilities, so except for helping financial institutions to roll over some loans, there is no need for the government to intervene at the current stage. Evergrande needs to solve its debt problem by itself, even if it may suffer some losses by selling some assets. It needs to lower its leverage ratio urgently.”
19 Sep 2021
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