Evergrande, other property giants have huge off-balance sheet debt: JPMorgan

Evergrande, other property giants have huge off-balance sheet debt: JPMorgan

Photo: Scott Graham / Unsplash.com

Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of offbalance sheet debt that, once added on, ramp up their leverage ratios.

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