#HedgeFunds are spying opportunities ahead as companies are forced into financial #restructurings that could see #debt change hands for well below its face value, chart @FT https://www.ft.com/content/eca88341-4d17-4147-94c5-19d9bc873937

#Evergrande's fate has broad implications for #China's $60 trillion #financial #system and will be one of the country's biggest-ever #restructurings. The size of its $300 billion-plus #liabilities means the process is sure to be lengthy.