@drowingfish bro the confidence will surely take a hit but its small with the latest figure estimate between $300 -150billion those figure are speculative at best and its a property company NOT A BANK. That is enough differentiation between Lehman and Evergrande with the latter can be restructured with enough assets to cover its liability.the economy will for sure take a hit if Evergrande goes belly up. but the CCP seems to be willing to swallow that in order to basically reshuffle China's capital market. in the long term it is a good thing. If CCP wants to endure some pain to get to a better place, it might as well do it now when Xi has a firm grip on power.