Investors Losing Confidence in China Property Sector: Bocom

The transcript discusses the potential macroeconomic implications of the Evergrande crisis, highlighting the loss of confidence in the offshore bond market and the challenges faced by developers in refinancing. It explores the deadlock in the sector, the market's pricing of worst-case scenarios, and the uncertainty surrounding government intervention. The conversation also covers Evergrande's strategy of offering discounted properties, its impact on the broader housing market, and concerns about other developers' financial health. Finally, it touches on policy expectations and the outlook for property stocks.

What is the significance of the phrase 'the tide goes out and you find out who's naked' in the context of the text?

What are the expectations regarding government intervention in the market?

Which property stocks are suggested as potential survivors in the current market?