Evergrande – is it China’s Hanover Finance?

Evergrande – is it China’s Hanover Finance?
Evergrande has completed, or partially completed 787 projects. (Image: Deposit Photos)
Brian Gaynor
It may seem strange to compare the troubled property giant, China Evergrande Group, with Mark Hotchin and Eric Watson’s Hanover Finance, but there are similarities.Evergrande can also be compared with Colin Reynolds and Peter Francis’ Chase Corporation and a huge number of other failed property groups.The most obvious comparison is that these property-related organisations have huge amounts of debt secured against property, and these borrowings have to be repaid.This debt is usually rolled over, and often increased, but major proble...

More Opinion

A sweeter deal needed to attract top tech talent
Opinion

Peter Griffin: A sweeter deal needed to attract top tech talent

To attract and retain workers, tech companies need to sweeten equity compensation offers.

How the FMA flies under the regulatory radar
Law & Regulation

David Chaplin: How the FMA flies under the regulatory radar

The FMA has little power to hold back the tide of scammers.

David Chaplin 04 Dec 2024
Tempering great earnings expectations
Markets

Paul McBeth: Tempering great earnings expectations

There’s a lot happening and to look forward to, but NZ is probably still in recession.

Paul McBeth 03 Dec 2024
Labour: The risk of talking to yourself
Opinion

Pattrick Smellie: Labour: The risk of talking to yourself

Labour appears in surprisingly good heart a year after its election defeat.

Pattrick Smellie 02 Dec 2024