Evergrande crisis to be dealt with by market: PBOC governor

"The rights and interests of creditors and shareholders will be fully respected in accordance to their legal seniority," People's Bank of China (PBOC) governor Yi Gang said Thursday (Dec 9) in a pre-recorded video message to a top-level seminar about Hong Kong's future as an international financial center.

The comments provide the latest signal that Beijing will not bail out Evergrande as it strains under more than US$300 billion in liabilities.

https://bt.sg/o7tM