Evergrande Onshore Bondholders Reject Further Extension Plan

The video discusses Evergrande's default on its dollar bonds and its efforts to avoid delinquency in the onshore market by seeking extensions. This situation is closely monitored by both onshore and offshore creditors. The inability to secure extensions is causing stress in the onshore market, which could lead to broader systemic risks. The video also highlights the challenges faced by developers in refinancing and maintaining operations amidst these financial difficulties.

What strategy has Evergrande used to avoid official delinquency in the onshore market?

• Increasing property prices

• Reducing workforce

• Issuing new bonds

• Seeking extensions

What is a potential consequence of Evergrande's financial troubles on the real estate industry?

• Systemic risk to China's GDP

• Higher property prices

• Decreased construction activity

• Increased foreign investment

What is a sign of stress in the onshore market mentioned in the transcript?

• Stable borrowing costs

• Increased foreign investment

• Sharp sell-off of onshore bonds

• Rising property prices

What challenge do stressed developers face in the onshore market?

• Hiring skilled workers

• Increasing property sales

• Securing refinancing

• Finding new construction sites

What is the focus of authorities in the onshore market according to the transcript?

• Monitoring signs of stress

• Increasing property sales

• Promoting foreign investment

• Reducing construction costs