Discover and read the best of Twitter Threads about #Evergrand

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Interrumpo el boom de #Evergrand para comentar una nota que también me pareció un escándalo.

Ayer, el #BancoMundial dijo que suspenderá la publicación de su informe de “Doing Business” luego de recibir reportes internos sobre irregularidades éticas y metodológicas graves. 🧵
La investigación fue realizada por el despacho independiente de abogados Wilmerhale, un bufete estadounidense con oficinas en Europa y Asia.
El informe acusa directamente de dichas irregularidades a Kristalina Georgieva, actual directora gerente del #FondoMonetarioInternacional, y Jim Yong Kim, ex presidente del Banco Mundial.
Read 8 tweets
1/21 A long thread of local context for Ant Financials’ Credit Scoring Joint Venture and Chinese state ownership. There has been significant recent news of Chinese SOEs taking stakes in private companies. #PBOC #BABA #China #Ant #Didi #ByteDance #Hefei #ZheJiang #Evergrand
2/21 How to make sense of this trend? ONE: the government’s goal is to take enough equity to acquire a seat in the board, bail out a locally troubled company, or pure investment return, not necessarily ownership and control per se.
3/21 Taking state ownership means government needs to pony up significant capital. In BOE Tech deal, Hefei city put in more than $2 billion. It had four more investment deals with >$1 billion. Many numerous deals like PuDao Credit, the Beijing-affiliated SOE put up $52.5million.
Read 22 tweets

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