Author: Bill Wu
Proofreader: Sister Karamazov
According to a report from qq.com: on the afternoon of July 21 local time, news came out of Hong Kong market that at least four banks, including HSBC, Bank of China (Hong Kong), Hang Seng Bank and Bank of East Asia, suspended loans to new buyers of uncompleted properties in Evergrande Hong Kong. This is the latest sign of the market’s lack of confidence in Evergrande’s financial strength.
Google news search returned more than 10 media outlets reporting this news, including Sina, 163, yahoo and Bloomberg.
During the time that CCP is crumbling from within, any news like this is no longer surprising. As Mr. Miles Guo kept warning about it during the past four years in the Whistleblower Movement, it is inevitable for companies to have loans unreasonably denied or even forced bankruptcy when CCP is approaching its death.
Here is what happened to some of the famous Chinese entrepreneurs in the past several years: Wang Jian “committed suicide” by jumping over a wall. Ye Jianming and Xiao Jianhua disappeared. Wu Xiaohui shed tears in court for “self-examination”. Ma Yun and Ma Huateng were forced to step down from their own companies. This time, Xu Jiayin of Evergrande was suspended loans, merely several days after he was invited to stand on Tiananmen to observe the July 1st CCP 100-year “anniversary”. There were too many dramatic tragedies like these, and people have already been numb for a long time.
Elimination of CCP is a must for the thriving of true entrepreneurs in China.
(The views and opinions expressed in this article are those of the author’s own)