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Opinion: Property giant Evergrande’s plan to increase its equity through a domestic back door could pave the way for other firms to follow in its footsteps

3 weeks ago
Sky Canaves
Whether such a phenomenon does transpire rests on Evergrande getting the nod from authorities – the same ones that have been blocking new IPOs," writes Christopher Langner. "But if any company has a decent shot, it's Evergrande, simply because it's so leveraged, and so big. Putting a stop to this transaction could spell Evergrande's demise, and Beijing certainly wouldn't want that."
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.