The financial market has always been the target of the real economy. In mid-to-late October, [Golden Land Group] bonds experienced significant abnormal fluctuations many times, and many domestic and foreign bonds fell by 20%-50%, which attracted market attention. The capital mark

Financial market has always been the target of the real economy.

htmlIn mid-to-late October, [ Jindi Group ] bonds experienced significant abnormal fluctuations many times, and many domestic and foreign bonds fell by 20%-50%, which attracted market attention.

The capital market's sense of smell has always been sharper than that of the physical market. Referring to the situation where most real estate companies had plummeted before the explosion of money, the Jindi wave really makes people feel a little panicked, and there must be hidden dangers behind it.

Currently, the scale of Jinde Group's domestic bonds is 41.501 billion yuan and overseas US$480 million, of which the scale of bond maturity within one year is 15.572 billion yuan, which is indeed facing great pressure to centrally repay.

However, there have always been state-owned assets behind Jindi. Shenzhen Futian State-owned Assets Supervision and Administration Commission indirectly holds 7.79% of equity , and is the second largest shareholder of Jindi. Strictly speaking, Jindi is also considered half a state-owned enterprise.

Even so, the fate of the capital chain being about to break.

On the surface, it is due to the company's high debt, difficulty in refinancing, and the pressure to sell inventory, which is essentially due to the current lack of market confidence.

Real estate companies that can survive now:

1, or like Vanke , Jianfa has a brand reputation created through time

2, or like Zhonghai , Poly relies on the father of the central enterprise

3, or like Midea, there are other money-making main businesses that are constantly transfusions of blood

4, or like Binjiang , and keep working hard in the same area and become the leader in the region.

Other real estate companies have always been stable, but their mediocre qualifications are the original sin in this era, and they are easily dragged down by the market panic.

If the goods cannot be sold, the money cannot be returned. If the money cannot be returned, there will be no funds to repay the debt.

Financial institutions are not stupid either. They can’t even sell goods and they still expect me to take over equity and debt. The capital market has always been a wall-breaking crowd.

If Jindi cannot find another funding party that can provide timely assistance, it will be a matter of time before the bursting will be transmitted from the capital market to the real estate market.