绿城疑云

Some uncertainty about Greentown

2011年9月22日，对于绿城来说是个“黑色星期四”。当日，绿城以5．20港元开盘，收于4．49港元，创下两年来新低。虽然绿城随后就针对传闻做出了澄清，但并未遏制住市场的恐慌情绪，股价一路下跌。

Green town met a 'black Thursday' on September 22,2011.The stock price of it went to the lowest in two years.Why this phenomenon could occur? Many investors are worried about the financial status of Greentown.It triggered the price fall of the whole real estate market of China.Guangfa securities pointed out that the average asset ratio of listed enterprises is 75.3%.which is the highest point since 2006.The crisis of the Greentown is a portrait of the whole real estate market of China.The sales of the house decline sharply and liabilities are very high.The financing face difficulties and the anticipation of the public is not well.Some one suggested that Greentown borrowed from the trust to repay some high intrest loans.Experts said the trust financing of real estate situation is not optimistic.