T&I Asiawatch for March 28th, 2022
26 million in Shanghai are locked down; Top 3 RE developers in China head to default. On the good news side of the ledger? Covid is peaking, Cherry Blossoms are out.
Editor’s Note: China’s top 3 RE developers — Evergrande, Kaisa and Sunac — are defaulting; the 2nd tier will likely follow. We had a burst of IPOs last week: 5 China HKEX IPOs (4 SPACs, one on Star) and GoTo on the IDX. In news of the absurd: Didi and Xiaomi join Evergrande and Faraday, announcing e-cars for China. The transition from …