Pengyuan Intl. Ke Chen on Chinese Developers

The video discusses a Chinese ratings agency based in Hong Kong that uses international standards to rate Chinese credit. It highlights the differences between this agency and typical international agencies, particularly in understanding the Chinese government's credit profile. The video also addresses challenges faced by Chinese property developers, including rating withdrawals and difficulties in offshore financing. It explores metrics used to assess the property market, focusing on cash flows and liquidity. Finally, it examines government support and the differences between onshore and offshore bond markets.

What distinguishes the Chinese ratings agency mentioned in the text from typical international ratings agencies?

How have recent actions by major ratings agencies affected Chinese property developers?

What challenges are Chinese property developers facing in securing financing?

What metrics are used to gauge the state of the property market according to the speaker?

What is the significance of contract sales for property developers in the current market?

How does the speaker view the credibility of government support for the property market?

In what ways do the onshore and offshore bond markets differ for Chinese developers?