Morgan Stanley Cuts Country Garden to Underweight

What financial strategy is Country Garden considering for its onshore bonds?

• Paying off all debts immediately

• Extending the maturity of existing bonds

• Issuing new bonds

• Selling off assets

What is the main issue Sino Ocean is facing with its bondholders?

• Inability to issue new bonds

• Excessive state intervention

• Lack of investor interest

• Technical default due to lack of consent

What role does state support play in Sino Ocean's situation?

• It has already been provided

• It is irrelevant to the company's issues

• It is uncertain and being closely watched

• It is guaranteed and unconditional

What has been lacking in the support measures for China's property sector?

• Public awareness

• Foreign investments

• Government regulations

• Sufficient credit support

What is a significant challenge on the demand side for China's property sector?

• High interest rates

• Lack of easing measures in key cities

• Overproduction of properties

• Decreasing urban population