How did the Wanda crisis begin?

1. Chairman Wang Jianlin gave a work report of 20170 Wanda Group. As can be seen in the report, after the transfer of hotel and cultural tourism assets, the total assets of Wanda Group are 700 billion according to the cost method, a year-on-year decrease of11.5%; Among them, domestic assets are 93% and foreign assets are 7%. This data specifically discloses the proportion of assets at home and abroad, and also responds to the rumors circulating in the society that Wanda has transferred assets overseas.

2. Specifically, this Wanda crisis refers to the transfer of hotels and cultural tourism projects in the middle of 17. I think there are two reasons for this. First, the state requires reducing leverage; Second, the foreign exchange issue.

At the beginning of 3.20 18, it was reported on the internet that Wanda had transferred foreign assets to solve the foreign exchange problem. After Trump took office, he vigorously promoted reforms, attracted the return of dollar assets, and the economic development of the United States was also rising. After these years' development, there has been a bubble in China's real estate industry, and the social leverage ratio is relatively high. If there are no measures, it is likely to be used by foreign capital and flee collectively. Damage to the healthy operation of China's economy, especially Wanda, a highly leveraged enterprise, is the object of guidance. We can't increase leverage at home and then buy assets abroad, which the country doesn't want to see. Therefore, the transfer of the one project in London is also to meet the business adjustment required by the policy.