Relevant person in charge of the People's Bank of China answers reporters' questions on Evergrande
1. Just now, Evergrande disclosed the announcement that it may not be able to perform its guarantee obligations. What's your comment on this?
Answer: The risks of Evergrande Group are mainly due to its own poor management and blind expansion.
The overseas US dollar bond market is highly market-oriented, with relatively mature investors and strong screening capabilities, and there are clear legal regulations and procedures for handling related issues.
The short-term risks of individual real estate companies will not affect the normal financing function of the medium and long-term market.
Recently, domestic real estate sales, land purchases, financing and other behaviors have gradually returned to normal. Some Chinese real estate companies have begun to repurchase overseas bonds, and some investors have also begun to buy US dollar bonds of Chinese real estate companies.
China has always insisted on creating a fair market environment and steadily and orderly promoting the two-way opening up of China's financial market.
Relevant departments will continue to maintain communication with relevant regulatory authorities in overseas markets, and urge overseas bond-issuing companies and their shareholders to strictly abide by market discipline and rules, and to properly handle their own debt issues in accordance with the principles of marketization and rule of law, and actively perform statutory repayments. Debt obligations.
The relevant departments will provide support and facilitation under the current policy framework for the repayment of funds remitted by enterprises and the repurchase of overseas bonds.
2. The People's Government of Guangdong Province agreed to send a working group to Evergrande Real Estate Group. What's your comment on this?
Answer: At the request of Evergrande Real Estate Group Co., Ltd., the People's Government of Guangdong Province agreed to send a working group to Evergrande Real Estate Group Co., Ltd. This is a powerful measure to promote enterprise risk management, supervise and effectively strengthen internal control management, and maintain normal operations. Support this.
We will continue to cooperate with the Guangdong Provincial Government, relevant departments and local governments to resolve risks, maintain the stable and healthy development of the real estate market, and safeguard the legitimate rights and interests of housing consumers.