EUGENE LAW, DIRECTOR OF CHINA GALAXY INTERNATIONAL:"If the central government steps in to help Country Garden, it's for easing the debt crisis and preventing a spillover to financial institutions.
But it will not help the China property market, which depends on factors, including employment and consumer confidence.
Homebuyers would not rush to buy property just because Country Garden gets out of trouble.
For the broader property market, the key is still home sales."
Country Garden may have reached a tipping point where it will need more liquidity to fulfill such a policy goal.
Persons:
Tyrone Siu, Ping, EUGENE LAW, Homebuyers, MICHAEL WONG, XU TIANCHEN, YAO, homebuyers, GARY NG, Clare Jim, Anne Marie Roantree, Edwina Gibbs, Kim Coghill
Organizations:
Ping An Insurance, REUTERS, Ping An Insurance Group, HK, Reuters, LU, OF CHINA GALAXY, Garden, Central Financial Work Conference, Thomson
Locations:
Shenzhen, China, HONG KONG