China Property Market at 'Darkest Moment Before Dawn': AllianceBernstein

The video discusses the current challenges in the Chinese property market, focusing on the impact of Evergrande's financial troubles and the government's response to maintain stability. It highlights the importance of refinancing capabilities for developers and the role of the PBOC in injecting liquidity. The video also covers the restructuring of Evergrande and the potential risks of contagion, emphasizing the government's focus on social stability. Finally, it introduces the Southbound Bond Connect as a milestone in opening China's capital market, noting the cautious approach taken by authorities.

What are the implications of the PBOC's cash injections into the financial system?

What measures might the Chinese government take to prevent social instability due to the property crisis?

How does the recent southbound bond connect facility reflect China's approach to capital market opening?