BEIJING — U.S. Commerce Secretary Wilbur Ross says Washington is hoping for concrete progress during President Donald Trump’s planned trip to China amid rising trade tensions. Ross met Monday with Chinese Premier Li Keqiang, the…
Monthly Archives For September 2017
China’s Property Developers Drag Hang Seng Index Lower
Hong Kong’s Hang Seng Index was dragged down 1% today, with Chinese property developer stocks among the worst performers after new property sale restrictions were introduced in eight cities across China in an effort to…
China property developers dip on new sales restrictions
Hong Kong-listed developers saw share prices drop on Monday as investors reacted to new property sales restrictions imposed across eight major Chinese cities in response to rising house prices. The cities of Changsha, Chongqing, Guiyang,…
China, HK stocks fall on property curbs, slowdown fears
SHANGHAI, Sept 25 (Reuters) – China and Hong Kong shares fell on Monday morning, led by property stocks after some cities imposed new housing controls to hose down an overheated market. Investor sentiment was also…
China stocks sag on property curbs, slowdown fears
SHANGHAI, Sept 25 (Reuters) – China stocks fell on Monday, as developers slumped after a new round of government curbs to rein in the heated housing market. The blue-chip CSI300 index fell 0.5 percent, to…
Shares in Chinese property developers are getting hammered
“The recent success of policymakers to reign in property price growth amongst China’s larger cities look set to extend to third-tier cities,” he wrote in a note released last month. “Mortgage lending has advanced around…
China Unicom sets up big data company
BEIJING, Sept. 25 (Xinhua) — China Unicom announced Monday the establishment of a big data unit in its latest effort to seek new growth as traditional business shrinks. The new subsidiary will make full use…
AviaAM Financial Leasing China Concludes $500 Million Aeroflot Project
AviaAM Leasing announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has brought a $500 million-worth aircraft delivery project to a conclusion. Eight…
As China Piles on Debt, Consumers Seek a Piece of the Action
Now, it’s Li Jing’s turn. Ms. Li, a 33-year-old car saleswoman here in the middle of China’s declining industrial zone, is one of the growing millions of Chinese using mortgages and credit cards to finance…
Fitch Ratings is expecting China’s first local government bond defaults, but timing uncertain
There are concerns about the potential for a wave of defaults in China due to high local government debt, which could impact the financial markets and potentially spread a wave of contagion across the global…
China to more closely oversee state firm finance units, sources say
China will create a centralised financing company to oversee billions worth of dollars in funds held by the country’s state-owned enterprises’ finance units, people familiar with the matter said, allowing the government closer supervision of…
China Development Bank Financial Leasing and Unit to Buy Aircraft From Airbus and Boeing
HONG KONG–China Development Bank Financial Leasing Co. Ltd. (>> China Development Bank Fnacl Lsng Co Ltd) said late Friday that it together with its unit in Ireland CDB Aviation Lease Finance DAC, have signed agreements…
Financial market reform crucial to China’s economy
China is expected to further open up its financial market as part of a strategy to expand its economy in the coming years, according to Harvey Schwartz, president and co-chief operating officer of Goldman Sachs…
