Evergrande is being Nationalized by the CCP!! Bondholders left out of the picture.
The Risk Management Committee (RMC) appointed by the Chinese Communist Party (CCP) is now in charge of Evergrande. The RMC consists of nine members, six appointed by the CCP, one from one of the state-run businesses, and the remaining members from Evergrande. Last year, China announced the “Common Prosperity for All” program aimed at improving …
Evergrande is being Nationalized by the CCP!! Bondholders left out of the picture. Read More »