The past two years will continue to constrain the rate of advanced economies, that said, the margin widely believes that a Us Federal Reserve chair was started cutting rates this year, though the timing and magnitude of rates because are still uncertain. Rates because are still uncertain. , ,. , ~ uncertain. He is still speaking so lets listen uncertain. He is still speaking so lets listen in. So lets listen in. Translation . ,. , translation tourism and young aduu translation tourism and young adult focused translation tourism and young adult focused activities translation tourism and young adult focused activities such adult focused activities such as. Inaudible. Historic gazing in the wilderness, its all part of an energising effort to solve cell hong kong. 0ur Temple Street market last december, successfully due to arrest and locals to this character. The hong kong tp will offer diverse avita activities and promotion to boost the flow of people and district and create more business
you think they will be able to get their money back? i think that apart get their money back? i think that apart from get their money back? i think that apart from the get their money back? i think that apart from the secure i that apart from the secure lender, this should be the one offshore creditors, but to be honest, we expect these bondholders can still on the recover approximately 2% to 3% in a liquidation scenario. currently, by also trading around one to 2 cents on the dollar. so at this point, we believe that the most valuable assets owned by ever grand are still the offshore ones, including the share of the publicly serviced division. so meanwhile, we think that it is virtually impossible to recover anything from its onshore assets. ~ ., anything from its onshore assets. ., ., anything from its onshore assets. ~ . ., , assets. what are the broader implications assets. what are the broader implications for assets. what are the broader implications for the -
liquidation of the company. it basically means its assets will be seized, sold off, in order to repay some of its outstanding debt. in terms of the company public day to day operation including building homes in mainland china, it will probably stay the same for now. this ruling doesn t send a through the chinese financial market because of course for many decades a real the real estate sector has been one of the major drivers for china s economy growth. whether or not this liquidation process will be followed remains to be seen because despite the one country, two systems slogan, many experts that i ve spoken to have said that there are some thornyjurisdiction issues some thornyjurisdiction issues so whether or not the liquidation there liquidator that will be appointed by hong kong court, whether or not that person will be recognised by mainland china remains to be seen. of course a lot of ordinary chinese citizens have been, have invested in evergrande, haven t had thei