China's controlled economy
Unlike the west, China's economy is politically driven and a controlled economy. The collapse of Evergrande is both economically and politically driven. I think China do want to ensured that their developers are not overly leveraged and pushed them to maintain certain debt asset ratio. Because of the strength of the push, and the fact that Evergrande is significantly over leveraged, it cannot sell their asset quickly enough to meet the guideline of the government and under fire/discounted sales of their asset, their debt asset ratio became worse and created this collapse. Another reason for the push is Evergrande's association with the political opponents of the current Chinese Leader. However, it is unlikely that they will allow the domino effect to happen once they get rid of the company. Because their economy is controlled, they have the absolute power to prevent that from happening. I think we will see a significant drop of the price of V on Monday, when the market reopen, but all being priced in, since without China's daily V spot price, they were using the associated metal price (iron core price) to assess the value of a V company, and it should be good buying opportunity. JMHO.