• Risks from a few property firms in the short-term will not undermine HK capital market
  • Rights of Evergrande shareholders, creditors will be fully respected

Despite missed payments this week, Chinese officials are continuing to keep the calm in the market. Policymakers have talked up that the fallout can and will be managed, and Yi's remarks above reaffirm that. So far, that is helping to soothe the market but we'll see if it can continue as fears grow further.