Evergrande’s Dollar Bonds Hit Fresh Lows

The transcript discusses the uncertainty among Guangdong officials regarding plans to save Evergrande, advising a market-oriented approach. It highlights the negative news cycle affecting Evergrande's bonds and the significant losses faced by investors. The potential for a state-led bailout is analyzed, with a consensus that Evergrande should solve its own problems. The concept of secondary risk is introduced, emphasizing property firms' ability to manage risks due to their assets.

What do analysts believe about the possibility of a state-led bailout for Evergrande?

What is meant by the term 'secondary risk' in the context of Evergrande?