Evergrande has been insolvent for years: Citron's Left 

"They were able to keep it going a lot longer than a lot of people thought they would have.." is the story of the entire Chinese economy.

I just gained a lot of respect for Left today. Went to court against China... Just proves he backs his research, right or wrong.

This needs to happen to the Canadian market. No way a 2 bedroom house is worth a million

Wow! This guy has the ball to get into a lawsuit in China and stick to his research findings, even it costs him money and time.

I did a report on this year's ago in college. Can't believe it took this long!

"I am banned for 5 years from trading in Hong Kong because of that report" Lol what a joke

Lesson learned: never ever invest anything China

Hello I like this guy Left, gets into scrap with HKSE loses, is proven correct, doesn't gloat and still comes up with good solid realistic opinions of what will happen next and to whom. Admirable. m

Wow, what a story! This guy is a hero, unfortunately, he took a spear in the guts from the Chinese state.

That smile at the beginning is like ' I told you so '

lol ahhh Citron... the ones that announced they shorted GME and started crying about the mean ol' redditors that cost them money.

everytime they say theres nothing to worry about, thats when you worry

“The market can stay irrational, longer than you can stay solvent”. Andrew Left was right, but he was way too early.

i say let it all burn. There is no price discovery anymore anyway

The market can remain “whatever” longer then you can remain solvent.

So the guy will buy securities at the end, Evergrand’s fate is priced in !

This was amazing.

SEC should BLOCK any IPO without audited statements!

Isn’t this the guy who shorted GameStop and lived to regret it?

hello shitron lol long time no see. still enjoying my GME gains

Thank you for bringing Mr. Left on air today, CNBC. It is certainly a vindication for him, if only in the court of public opinion. It also shows that Hong Kong has long been co-opted by the mainland Chinese operations and backroom dealing, long before the 2014 and 2019 social movements.

Contagion has started.

Remember this fella from January with GME

Respect to Citron

I sold all of my China stocks because of the Evergrande bankruptcy. That's too hot for me at first ... 75% of the capital of a Chinese household is in real estate. The government must now try to keep house prices artificially high. How this works is unclear. It can all get pretty panicked because a lot of the Chinese growth of the last few years is going down the drain. 28% of GDP depends on a growing real estate sector that is now no longer allowed to grow. That will be exciting, but for Chinese stocks one can expect turbulent months in which a lot of negative things can still happen. This is not a small story that can be regulated away from time to time. This is a solid bubble in the country's most important industry that has to be popped in a controlled manner and that will also have negative effects on the Chinese stock exchanges because an extremely large amount of capital will be destroyed that is not available for consumption. There is probably less bearish potential for the global economy. But for Chinese stocks, this can lead to some panic selling on the part of Chinese investors. Depending on how the government reacts in the next few months. So I'm only referring to Chinese titles with caution for now. Chinese stocks that are primarily listed in China or Hong Kong, such as BYD, are already subject to high volatility anyway because many people in China play the stock exchange more like a casino. This investor behavior paired with the current uncertainty on the Chinese real estate market can easily lead to panic overreactions where discounts of up to 50% can occur. I prefer to have my money outside at the moment to step back in at low prices when it comes to that.

They might recover if Citron publicly shorts it

Here we go again ! Woo-hoo!

This was amazing🚀

The real bad news is Evergande's case is fairly typical. There's real estate bankruptcies every day of the week in China.

yall redditors had the balls to try and bankrupt this man just because he works at a hedge fund that shorts stocks. but when its a chinese company, yall all praise him. hypocritical asf

Can someone correct me…..if Evergrande owed 12 billion in 2012 and now they owe 300 billion, isn’t that an increase of 2,500% in debt? Isn’t that insane?

It'll be a sight to behold!

This is going to make the Enron and Worldcom messes look like a minor event in comparison.... 💸😒😑🙄

6 years???? Tell me again about efficient markets 😂 … Can you imagine how far a bubble can last … Holly 💩 Great work citron research 💪

Equity and bond holders will be wiped out. Wow!

Hope the CCP will punish the boss or the director and doesn't follow the USA handling the Lehman Brother. Where the boss paid a fat bonus to themselves

Can he re-sue?

Is this the same guy who said GameStop was going back to 20$ and fast? back in january

You know there's a systemic problem when a short seller gets banned for posting quality Due Dilligence.........

Trading while insolvent is illegal in Australia. I'm investing family fortune In Evergrande.

This is the guy who invested in Lucky Coffee

That's right. Evergrande has been insolvent for many years. All developers are insolvent. All large firms ars insolvent. The few solvent and profitable firms are being confiscated.

There's ONLY so long you can kick the can down the road

look at yellow freight USA , we do the same stuff but small.

Trying to win against Chaina in Chaina is like asking a fish to climb a tree. 😂

He IS a short seller, so his reporting is kind of 'conflict of interesty.' China using heavy handed legal measures to suppress critical research on Chinese companies sounds pretty par for the course. Just because he made a critical report and now Evergrande is failing, doesn't necessarily vindicate him on the charges of representing information disingenuously.

I can't see how the collapse of a 300 billion company has any impact on a country of 17 trillion. It just seems over exaggerated.

A scam is scam, no matter what culture you in.

No way this doesn’t have contagion at least it will domino effect into aus nz canada real estate markets...

A broken clock is right twice a day. He is a notorious Tesla shortseller

Lmfao! Banned in HK hahahahahaha!!! Well done! The truth hurts the CCP yay! 🤣🤣🤣

Ship ever Given from the Evergreen company. Now evergrande. causing trouble Should I care about Everest?

China is going down for the count...How this affects the US is the real question.

What about investing in Indian market, experts comments expected...

Do the opposite of what SHITRON says. Buy the stock.

Don’t Stop GameStop Won’t Stop

Probably didn't help that his 'report' looks like a little kid's first powerpoint. Couldn't get your logo to match your background, Left?

every since lockdown intrinsic valuations went put the window on every single asset. Let all the markets crash and burn

Ask him what about Game Stop？？？

What did I just watch?

Stop bringing back Andrew Left. Plenty of people called out China prior to Shitron. We don't want him back.

HSBC owns all the loans from Evergrande. Thus, all banks will be affected.

Evergrande is still trading today. What a joke to the world?

So this is the famous Andy Left

Calm down Citron guy lol......gme goes brrrrr

Beijing has several options to handle its economy with minimal impact of Evergrande debacle. One sure thing is that Evergrande won't crash hard as CH central bank quietly puts down a standing-by cushion of $40 Billion usd for Evergrande debts alleviation. But, Beijing waits to let the private sector play out the future of Evergrande.

its happening...

He was wrong then though. If he said it would go insolvent, and soon, in 2012

From $23 to barely $2 a share in 18 months. Andrew gets the last laugh, Evergrande...

Citron Research isent that the guys that said GME would be at 20 dollars?

Two words: Political risk.

So Citron was about nine years early on it's short.

GME burnt them good 🤣 he can't sorry short 3333:HK

They survived nine years ! This joke thinks that he is vindicated ! Bullsht !

But-but-but, CNBC just reported that Evergrande’s problems were solved… so…?

Imagine reditors start buy Evergrand 😳

wall street investment banks , quadrillions OTC derivatives bets, EG is peanut......

Wallstreet Bets should announce a short squeeze. Who's paying these prices for Crocs and Generac? RETL et al.? None of these stock prices are justified. Eventually all of them will look like CBS Viacom.

Pyramids are what Evergrande should build.......huge unfinished Chinese pyramids.

The people that put money down on those properties are in a mess...

China is EVERGRANDE GREAT!

We have a lot of insolvent zombies in the US markets, and it will be great to see the dominoes start to fall.

Wonder how this guy will do in prison?

If someone raise an alarm against a company, you should be ready to short it when its time bomb suddenly explodes!

Where do I have Citron from? There was some negative news a while ago. Or am I confusing them with someone else?

A broken clock since 2012 HAHAHAHAH

They all cook book. If they tell you they don’t, it’s a lie, everyone knows. Why don’t you think the stock is offered to sell on the market because it’s not worth a penny.

What stoping him counter sueing back ,since it was a fact now.

Bringing #down the #world !! #Economists #Challenge ! #China will #stand as it is .. ! #Markets #FinancialsExperts ..

Buy when Others are scared!!!

Left do you have a position in GME?

Do you know who sold all the land Evergrande built their houses on?.... Well, there you are.

It's the same in India with builders & developers like Jaypee, Lodha group...remember these names.

There are people who invested in CHINA😂🤣😂🤣😂🤣😂

Band for 5 years for telling the truth The world needs to leave china.

Fewer and fewer Peters. And, an ever increasing number of Pauls.

rich people help rich people even if they r enemies. scratch my back and i scratch yours but we still be rich in the end together

China is not investable.

$300,000,000,000 in debt seeing the number is all it’s digits puts everything in perspective.

Huge noise. Buy the dip👍🚀