Evergrande, China's biggest real-estate developer, is being liquidated. It has assets worth about $245 billion, but owes about $300 billion.

A Hong Kong court ordered the liquidation of China Evergrande, the world’s most indebted property developer.

Evergrande has assets of about $245 billion, but owes about $300 billion.

Its demise is a “controlled collapse,” but still raises systemic risk and will hurt investors, says an analyst.

  • CaptainProton@lemmy.worldEnglish
    2·
    10 months ago

    That’s literally what the return on all the other investment is for: the assumption of risk.

    I guess it’s the same shift in mentality as the credit card processing machine asking for a tip for everything by default.