The People’s Bank of China (PBOC) Governor Yi Gang said on Thursday, the risks from a few property firms in the short-term will not undermine Hong Kong’s capital market.
“Rights of Evergrande shareholders and creditors will be fully respected,” Yi added.
The Governor offers conciliatory comments to soothe the markets, despite missed payments by Kaisa Group this week.
Market reaction
USD/CNY is trading almost unchanged on the day at 6.3445, as of writing.
