Evergrande Getting Bigger, But Is It Too Big Too Fail

There is an ad for Verizon mobile service in the U.S. with a technician walking all over asking: "can you hear me now?" I imagine after each deal Evergrande makes, it places a call to Beijing and asks: "am I too big to fail now?"

Bloomberg: Evergrande Pays 10 Billion Yuan to Lift Shengjing Bank Stake
Evergrande Real Estate Group Ltd. has agreed to buy Shengjing Bank Co. China-traded shares worth 10 billion yuan ($1.54 billion), extending a shopping spree by the Chinese developer facing mounting debt.

...The firm has become the most indebted of 198 listed Chinese real estate developers, Bloomberg-compiled data show. There is a 6.2 percent probability it will miss payments in the next 12 months, up from 1 percent a year ago...

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