Name: Breakingviews TV：打出噓聲。 (Breakingviews TV: Hit the boos)
Uploaded: 2020-11-03T18:26:47.000Z
Duration: 1 min 18 s

China's liquor giant Gradual Multi posted mediocre third quarter results this week.

中國白酒巨頭漸進多本週公佈的第三季度業績平平。

Net profit grew 6.9% year on year, missing analyst forecasts.

淨利潤同比增長6.9%，低於分析師預期。

More worryingly, the index heavyweight is giving handouts to local governments, even a state investors down shares.

更令人擔憂的是，指數重倉股正在向地方政府施捨，甚至是國家投資者的跌停股。

The company gifted them nearly $14 billion was wiped out from the company's market cap on Monday.

公司贈予他們的近140億美元是在週一從公司市值中抹去的。

Maltais, a state owned company and has long been contributing to the local economy.

馬耳他人，是一家國有企業，長期以來一直為當地經濟做出貢獻。

In the last quarter, Maltais, third biggest shareholder of Provincially controlled investment vehicle, aggressively cut its stake, cashing in nearly $4 billion worth of shares.

去年一季度，省控投資工具第三大股東馬耳他伊斯積極減持，套現價值近40億元的股票。

In his latest statement, Multi also announced over 800 million yen in outright donations to help to local governments to build infrastructure project in multi home province of Ridgell.

在最新的聲明中，Multi還宣佈了超過8億日元的直接捐款，幫助地方政府建設多家鄉里德爾省的基礎設施項目。

Government debt is equivalent to nearly 150% of local revenue in 2019 according to what I do and securities, which makes it the most leverage province in China.

政府債務相當於2019年地方財政收入的近150%，根據我做的和證券，成為中國槓桿率最高的省份。

 Fiscal revenue for the province dropped over 5% in the first nine months. 

前9個月全省財政收入下降5%以上。

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Breakingviews TV：打出噓聲。 (Breakingviews TV: Hit the boos)

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