I hear the rumor about Evergrande a few months ago, but I am not following the latest news of this company, but I am read if this company's bankruptcy impact on emerging countries maybe occur, I just think it will impact to currency.
Don't be so sure. They're looking for excuses to keep the party going. This will give them that excuse.
This article actually outlines a list of coupon payments coming up for dollar-bonds held Evergrande: https://www.reuters.com/markets/rat...-coupon-payments-through-may-2022-2021-12-07/ The next coupon payment coming up is for $255.2 million due on Dec. 28. Seriously doubted that Evergrande is going to be able to pay that one unless the CCP injects more money into the business considering it just defaulted on the $82.5 million in interest payments that were due last month. And right now it's pretty much clear that CCP is not doing anything to bail out Evergrande. And just like I predicted before, CCP doesn't give a s*** about foreign investment anymore. It's basically making sure its domestic investors are made whole and that's it. The market has pretty much priced that in now; it didn't move at all with that news. Everybody is now obsessed with omicron and the Fed, again.
People who invest in China or Russia are idiots. Everybody knows that these countries will change/manipulate laws to take maximal advantage of the foreign capital. There are no legal certainties in these countries. So what is yours today can be theirs tomorrow, they just change laws to make it a legal scam. If you are lucky you don't end up in jail.