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BondCliq CEO Chris White weighs in on Evergrande

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BondCliq's Chris White believes Evergrande is proof that the international corporate bond market is starved for yield. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
A liquidity crisis at a large Chinese property developer has shaken global markets, and strategists say it could send ripples across the global economy.
But they also say the issue will likely be contained by the Chinese government before it wreaks damage in the banking system, and it is not expected to lead to a broader global financial contagion.
The critical question for investors is how and when do leaders in Beijing handle the situation and whether they launch a restructuring of China Evergrande Group, as many market pros expect.
Investors have worried that Beijing is likely to let the company fail, wounding stockholders and domestic bondholders. Evergrande faces a debt payment on its offshore bonds on Thursday, after it said last week it was facing unprecedented difficulties.
“Everyone was expecting the government would have some kind of resolution, given that Evergrande is a systemically important company,” said Jimmy Chang, chief investment officer at Rockefeller Global Family Office. “It has $300 billion in outstanding debt. There is a contagion issue if China Evergrande is not resolved. I think it will end up having some deep-pocketed state-owned enterprises to take over.”
Market pros don’t think that Evergrande could lead to the next financial crisis, but it could lead to more volatility.
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Опубликовано:

5 сен 2024

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Комментарии : 115

@danielbarker37 3 года назад

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@createfazza6256 3 года назад

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@chrisiskandar3514 3 года назад

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@hazemmathkour5150 3 года назад

Who's this professional everyone is talking about I always see her post on top comment on every RU-vid video I watched

@philkeh 3 года назад

I am selling all my Chinese stocks. Its too risky to invest there atm. What do you think?

@PretentiousStuff 3 года назад

that guy rocking those oldschool headphones like that instead of stupid airpods, he's gotta be legit.

@SEADOOTBA 3 года назад

He does trucking as a side hustle.

@KASPA-KEY 3 года назад

In-ear headphones are more likely to contribute to tinnitus and hearing loss than other types of headphones. Just a word of warning. Old school muffs are better for your ears 👂

@covidisascam4556 3 года назад

Let them fail

@Pierrechoy 3 года назад

It shows ticket symbol 6666 at 2:10 which is for the property management / service affiliate. The developer is traded as 3333 in the Hong Kong market.

@JJ-iu6sr 3 года назад

0:10 - Spelling error, should be Evergrande, not Evergrane

@Mag1c4lyfe 3 года назад

That's CNBC for ya. 😆

@guppy0112 3 года назад

They can't even be bothered to use a spell-checker- they can't even get that right- and we're supposed to trust them with informing us and telling us the truth? Lmfao😂😂

@andrewbccoast 3 года назад

so is he suggesting the middle class taxpayers bail out these failed ventures like we did here?

@joenichols3901 3 года назад

Yes. They paid back all the loans with interest. Middle class made a profit on that deal

@patsylennon7335 3 года назад

@@joenichols3901 Keep drinking the Kool Aid

@joenichols3901 3 года назад

@@patsylennon7335 you're the one drinking the kool aid . You don't know what you're talking about. Americans made money off the bailouts dummy

@masterjedi487 3 года назад

Let them default that is the natural order of any organization that over exposes themselves. Certain banks should not be operational right now , facts.

@Aramsa-Khan 3 года назад

Comparing a $300 billion Evergrande saga with the Lehman Brother is like comparing the US with Uganda. The rest you go figure out. The answer is that it ain't going to have an impact on China's continuous economic growth, although it does concern associates of Evergrande. In short, we won't lose sleep over it.

@zomgoose 3 года назад

Let the Zombie Company die.

@souljourney9535 3 года назад

Zombie company ? Could you explain

@rockymarcianothe3rd135 3 года назад

God I hope black rock is fully vested into this high yield garbage trap. Would love to see that corporation become a real corpse.

@robbrown4621 3 года назад

Yes! I agree. :)

@HelptheBroncos 3 года назад

trump and putin and xi shorted evergrande. i hate it...but well played. karma coming for yall

@Bigjoe99 3 года назад

Chinese gov concern is 1) home buyer 2) RE market 3) Credit market. It could not give a hoot about Evergrande or the bondholders. They are going to let competitor strip it and the bondholders.

@janosik150 3 года назад

lol, I didn't know China was part of USA??? and stock market went down today because of it :))))

@InspireMe819 3 года назад

i don't think the largest developer can afford to buy their assets. I wonder how much in liabilities does the largest developer in China owes?

@hamidreza965 3 года назад

Why dont us tax payers and fed pay them few trilions 😅

@PretentiousStuff 3 года назад

Have they blamed this on Trump yet?

@gargamelandrudmila8078 3 года назад

Wait a minute. Basically this guy is clearly stating that bond investors expect risk adjusted returns but when that risk realises and not their returns they expect to be bailed out. 😂😂😂😂😂 WOW. Talk about crony capitalism. The buffoon cnbs presenter sees NOTHING wrong with this market expectation....at all.

@patsylennon7335 3 года назад

They do the same thing in America