PBOC Chief Says China Can Contain Risks From Evergrande

The video discusses the Evergrande crisis, focusing on its economic impact and the potential systemic risks. IGANG expresses confidence in containing the risks, emphasizing efforts to prevent the spread to other real estate companies and the financial sector. The rights of bondholders and shareholders are to be respected, while consumer protection and homebuyer interests are also highlighted.

What was the main concern addressed in the introduction of the Evergrande crisis?

• The environmental consequences

• The effect on local employment

• The potential systemic risk

• The impact on global trade

What was IGANG's initial stance on the Evergrande risk?

• They believed it was uncontrollable

• They were confident in containing it

• They thought it was not a concern

• They were unsure about the situation

What was one of the strategies mentioned by IGANG to manage the Evergrande risk?

• Reducing taxes for developers

• Implementing stricter regulations

• Preventing risk spread to other real estate companies

• Increasing interest rates

What assurance was given to bondholders and shareholders regarding the Evergrande situation?

• They would receive a bailout

• They would be prioritized over consumers

• Their rights and interests would be respected

• They would face significant losses

What was IGANG's position on the construction of homes already purchased by consumers?

• They would be converted into commercial spaces

• They would be sold to other buyers

• They would be completed as planned

• They would be halted indefinitely