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   🇺🇲 watson :dealwithit: (watson@freeatlantis.com)'s status on Wednesday, 21-Jun-2023 06:23:39 JST 🇺🇲 watson :dealwithit:

   in reply to

   Let's be more explicit.

   In June 2019, Evergrande plowed 13.2B¥ into Shengjing Bank, acquiring 36% stake in a literal lender.
   Shengjing was on the brink of default. Tier 1 capital adequacy ratio was 8.52%, barely above regulatory req.

   Now why would a propco bail out a bank? 🤔