China's Property Market Expected to Recover: Ninety One

The video discusses the impact of recent housing policies in China, particularly the easing of mortgage rules, and their expected influence on the property market. It also covers the challenges in the high yield market, including issues with price discovery and the lack of a clear framework for recovery, using Evergrande as a case study. The discussion extends to fundamental analysis of bond prices, focusing on companies like Country Garden, which face liquidity constraints but hold valuable assets. The potential for market recovery and the role of policymakers in supporting this recovery are also explored.

Discuss the implications of the lack of enforceability in the high yield market.

What challenges does Country Garden face in terms of liquidity and solvency?