The People’s Bank of China (PBOC) Governor Yi Gang stated on Thursday, the dangers from a few property corporations in the momentary will no longer undermine Hong Kong’s capital market.
“Rights of Evergrande shareholders and lenders will be utterly respected,” Yi added.
The Governor presents conciliatory feedback to soothe the markets, notwithstanding overlooked repayments by using Kaisa Group this week.
Market reaction
USD/CNY is buying and selling nearly unchanged on the day at 6.3445, as of writing.
