Will Evergrande Commercial Tickets Become Waste Paper? Why?

Evergrande commercial ticket may become waste paper. All the bills that have expired are in breach of contract, so it can be said that Evergrande is still there when the drawn bills expire. Due to the cash flow difficulties of Evergrande Group, the commercial acceptance bill failed to be honored at maturity, and investors are more concerned about the risks that may be brought about by cooperation with Evergrande Group. Evergrande's commercial tickets also have time to be accepted and can be cashed at that time. If it expires, it should be accepted by the bank within 15 days to avoid losing the right of recourse to the previous party. Therefore, Evergrande's commercial tickets can be redeemed at maturity, but not in advance.

1. Commercial paper is the abbreviation of commercial paper, which refers to unsecured short-term bills issued by financial companies or enterprises to raise funds for issuers. Commercial paper can be endorsed and transferred, but banks cannot discount it. The reliability of commercial paper depends on the credit of the issuing enterprise, and it is a kind of credit paper. The term of commercial paper is less than 12 months. Because of its high risk, the interest rate is higher than the bank deposit rate in the same period. Commercial paper can be sold directly by enterprises or by dealers.

Two. Evergrande Real Estate Group Co., Ltd. (hereinafter referred to as Evergrande Real Estate) was established in Guangzhou, Guangdong Province, China, 1997. It is a holding subsidiary of China Evergrande Group and the main body of the Group's real estate business. Evergrande Group is a fortune 500 enterprise group integrating real estate, finance, health, tourism and sports, with total assets reaching one trillion yuan, annual sales exceeding 400 billion yuan, more than 80,000 employees and more than 65.438+0.3 million jobs. It has more than 500 real estate projects in more than 65.438+0.80 cities across the country, making it the first real estate enterprise in the world.

Three. Ownership structure of Evergrande Real Estate Group: Xu Jiayin absolutely holds shares in China Evergrande (registered in Cayman Islands), China Evergrande holds 0/00% shares in Guangzhou Chaofeng Real Estate Co., Ltd., Chaofeng Real Estate holds 0/00% shares in Guangzhou Khyron Real Estate Co., Ltd. and Khyron Real Estate 100.