Evergrande no 'Lehman moment' - analysts

摘要

As the world held its breath last week to see whether CHINA EVERGRANDE GROUP would meet an interest payment on an offshore bond, market observers were quick to pour cold water on growing concerns that a default could trigger a Lehman-style financial meltdown. The Hong Kong-listed property developer's struggles roiled global markets, and it was blamed for a steep sell-off in US equities early last week, with central bank officials as far afield as the US, UK and Switzerland weighing in on the situation (see Top News story). Still, analysts who follow the Chinese banking sector consider fears of a systemic shock to be overblown.