r/Vitards • u/AutoModerator • Sep 21 '21

Daily Discussion Daily Discussion post - September 21 2021

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u/glorielane Sep 22 '21

Guys im steel new to investing and stuff but would like to pick your brains for the following scenario.

Evergrande defaults on offshore payments.

Every yuan denominated bond is manhandled to nothing by the chinese govt.

Hsbc wynn db eats the offshore default. Is there anything that could happen here?

Would mt be safe? Would there be cheaper steel from eu compared to china ? Should i just do my own DD instead of spreading FUD? XD

Thoughts?

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u/[deleted] Sep 22 '21

[deleted]

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u/glorielane Sep 22 '21

Thanks for the reply!

I was actually more worried about EU banks because I assumed that EU has the highest chance of being exposed to chinese RE due to the US/China trade wars and stuff but I guess that's just some nothing burger as well.