Chinese -funded real estate enterprises concentrated on their debt alarms, highlighting that the systemic risks of the property market have not really eased, which made the downturn market confidence in worse.
Evergrande Group Monday (July 17) issued three long -term delayed financial reports in the evening. It has been disclosed that the total liabilities of the group have reached 2.44 trillion yuan as of the end of last year (RMB, the same below, S $ 449.2 billionTo.
According to the 2021 report, the 2022 half -annual report of Evergrande, and the 2022 report, the Group's net loss in 2021 was 686.2 billion yuan, and the net loss in 2022 was 125.8 billion yuan, with a total loss of 81.2 billion yuan in two years.This is the first two consecutive years since Evergrande's listing in 2009.
Since Evergrande has not announced its financial report, the Group's stock has been suspended from March 21 last year.Evergrande announced on Monday that the stock would continue to suspend trading.If the stock has been suspended for 18 consecutive months, Evergrande will face the risk of delisting.
Wanda Group's commercial housing company Wanda Commercial Management warned some creditors on the same day that there was still at least 200 million US dollars of capital gaps at least 200 million US dollars in bonds due on July 23,The company is still working hard to raise money.
Bloomberg quoted people familiar with the matter and said that Wanda Commercial Management stated that it was considering other alternative plans, but did not provide details.
In addition to private enterprises, housing companies with a state -owned background have also encountered liquidity problems. This week, it was exposed to fail to pay a $ 7.02 million bond interest on July 13.The group issued a warning on Tuesday, stating that despite the continuous adopting multiple countermeasures, it was affected by factors such as sales and re -financing improvement, and the lack of phased liquidity occurred, and "the difficulty of effectively improved the liquidity in the short term."
Ocean is one of the few housing companies that have not debt in the past two years.However, the Group disclosed earlier this month that major shareholders China Life and everyone Life established a joint working group for Oceania, and hired CICC as a financial adviser to "more comprehensively master the operating situation of the Ocean Group."This has aroused investors' concerns about the group's operating conditions and the risk of bond default.
Yan Yuejin, research director of the Yiju Research Institute of real estate consulting institutions, pointed out that this year's property market sales end performed very badly. Even some central state -owned enterprises that were favored in the past, bonds are prone to thunder risk and need to be re -evaluated."Especially for real estate companies with sales data too fast and potential land acquisition, we must actively treat subsequent operations."
The Ocean Group plunged 10.34%in the Hong Kong stock market on Tuesday, and real estate stocks such as Country Garden, Longhu Group, and Xincheng Development, which were listed in Hong Kong stocks, fell more than 6%.
The risk of debt in housing enterprises is only one of the representation of the fatigue of the Chinese property market.According to the data released in the past week, the amount of real estate development in the country in the first half of the year slipped 7.9%year -on -year.Essence
Yao Shujie, a professor of economics at Chongqing University, analyzed that real estate is currently entering a clear period of adjustment, and in the short term, it will inevitably impact the Chinese economy.Although the property market will gradually rebound after a downward cycle, the government should still prevent risks in time to avoid chain reactions caused by mines from large real estate companies and impact on market confidence.
Financial management departments announced a week ago to extend some of the policy period for "16 Finance", including allowing banks to extend loans for developers who have obstacles to liquidity.Chinese central bank officials also hinted on Friday that officials may introduce targeted support measures for the property market.
After the second quarter of China's economic growth announced on Monday, the analyst once again called on the official to introduce stimulus measures to the property market and other fields as soon as possible.Li Hui, deputy director of the National Economic Comprehensive Department of the National Development and Reform Commission of China, said at a press conference on Tuesday that the Development and Reform Commission will adhere to the bottom line of thinking and steadily dispose of hidden risks in the fields of real estate, finance, and local debt.
