清盤令已發出!恒大系全線停牌,影響幾何?
儘管前期已經大幅下跌,但是恒大系依然經不起一點”風吹草動“。
今日,中國恒大一度跌超20%,恒大汽車跌超18%,恒大物業跌2.5%。目前,上述三股已經停牌。

消息面上,今日,恒大迎來清盤的決定性時刻。
清盤令已發出
今日,香港法院向中國恒大發出清盤令。據悉,此類規管令若生效,意味着法院將監管清盤程序,可能包括任命清盤人。
此次清盤令發出後,可能會震動本已脆弱的中國資本和房地產市場。
據悉,即使恒大可提出上訴,但不能阻止清算進程,暫時未能預計清盤程序需時多久。
鑑於涉及的機構眾多,清算過程可能會很複雜,還可能存在政治考慮。據媒體此前估算,有關程序耗時5年或以上。
影響上,預計短期內對該公司包括住宅建設項目在內的業務影響不大,因為債權人指定的離岸清算人可能需要數月或數年時間才能控制中國大陸的子公司。
多次延期
恒大是全球負債最重的開發商,總負債超過3000億美元,2021年發生債務違約,讓陷入困境的房地產行業陷入混亂。
早在2022年,債權人就曾向香港法院申請對恒大的清盤,最開始的聆訊時間定在2022年8月31日,後續該清盤聆訊先後延期七次。
去年12月4日,香港法院批准了恒大的延期申請,將清盤呈請的聆訊進一步延至2024年1月29日。
近兩年來,恒大一直與臨時債券持有人小組一起制定一項230億美元的債務重組計劃。
不過,9月底,恒大的創始人許家印因涉嫌犯罪接受調查,債務重組計劃因此流產。
就財務報吿來看,恒大的債務總額非常龐大,疊加目前地產週期下行,想要順利化債非常困難。
數據顯示,截至2023年6月30日,中國恒大的主營收入約為1281.8億元,淨虧損合計392.5億元。資產總計17440億元,其中流動資產15785億元,總負債23882億元。
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