The dynamics of the Evergrande Liquidity Crisis: financial and macroeconomic analysis of the unfolding event. ​("The Evergrande Liquidity Crisis": un'analisi finanziaria e macroeconomica della crisi del colosso immobiliare.​)

Gruelling amounts of debt in the property market, elevated borrowing costs, plunging housing prices, and cash crunches are only some of the dramatic events currently impacting China’s real estate sectors and its major players, including China’s Evergrande Group. The aforementioned corporation in fact has liabilities entangled in a complex web of debts that for its linkages with wide numbers of banks, investors, suppliers and retail customers, constitute a significant source of financial risk that can possibly have derogatory repercussions on the markets and on society. This work investigates the dynamics of the Evergrande Liquidity Crisis while also considering the distressed conditions in which the event unfolded. Particular attention is posed on the understanding of the financial elements connoting the critical position of the China’s Evergrande Group between September 2021 and December 2021. Additionally, the analysis of macroeconomic conditions is performed to better contextualize the development that led to the event happening. Moreover, consideration of government intervention and its sector wide impact is provided. Finally, this dissertation explores risk management as a tool that can be leveraged by corporations that pursue investments and business within China. ​