HNA group was one of the largest Chinese conglomerates on the world stage. They borrowed tens of billions of dollars from state run banks to fund a global acquisition binge which saw them scoop up major stakes in the likes of Hilton Worldwide and Deutsche Bank. As it turns out there was a lot of corruption within HNA and when the pandemic hit in 2020 their excessive use of leverage finally caught up with them. In early 2021 they declared bankruptcy with their creditors demanding $187 billion. The story of HNA along with Evergrande's recent troubles are emblematic of structural problems with excessive leverage in China's economy.
Support us on Patreon: [ Ссылка ]
Check out our website: [ Ссылка ]
Join our free Discord Server: [ Ссылка ]
Twitter: [ Ссылка ]
#WallStreetMillenial
Music courtesy of:
––––––––––––––––––––––––––––––
Buddha by Kontekst [ Ссылка ]
Creative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0
Free Download / Stream: [ Ссылка ]
Music promoted by Audio Library [ Ссылка ]
––––––––––––––––––––––––––––––
