China Evergrande plans to raise about $1.5 billion by selling a minority stake in a Chinese bank to a state-owned enterprise, an indication that authorities in the country are moving to contain the …
Monthly Archives For September 2021
China Evergrande to sell $1.5B stake in Shengjing Bank to state firm
Cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management company as it …
China Keeps Cash Engine Running in Ninth Day of Injections
China’s central bank injected liquidity into the financial system for a ninth day in the longest run since December as it sought to meet a surge in seasonal demand for cash. Most Read from …
Delta variants detected in genome sequencing in Fujian COVID-19 cases in E. China, from same transmission chain
Residents wait in line to receive nucleic acid testing outside a testing site at Butang Village in Tongan District of Xiamen, East China’s Fujian Province, September 23, 2021. Photo: Xinhua The latest …
China’s new aircraft carrier underlines need for the Aukus pact
Analysis: As the world’s largest navy tries to push it back in the Pacific, the US requires allies in the region …
China seeks to calm power supply fears as crunch bites
China’s all-powerful economic planning agency waded into the country’s power crunch on Wednesday, attempting to reassure residents and businesses in areas hardest hit by shortages that it has the coal …
China calls for coal transportation to be strengthened to secure supply
China’s top economic planner said on Wednesday that railway companies and local authorities should strengthen coal transportation in key areas including the northeast region and ensure stable supply …
Shenzhen sells 21 of the 22 plots in city’s second land sale this year, fetching the government US$7 billion
Shenzhen, China’s least affordable city to own a home, on Tuesday sold all but one of 22 plots even after the government capped the prices of new flats to help more people get on the…
China clamps down on pop culture in bid to ‘control’ youth
From reality TV to online gaming and even pop fandom, China’s leadership has launched a crackdown on youth culture in what experts say is a bid to ramp up “ideological control”.
US-China business: the necessary reinvention of Huawei
With sanctions derailing its traditional operations, the telecoms group is now rushing to boost areas such as cloud services …
China’s new infrastructure still relies on carbon-intensive supply chains – Greenpeace
A report from environmental group Greenpeace found that new Chinese infrastructure still relies on carbon-intensive supply chains, though they emitted less carbon than traditional infrastructure last …
China Evergrande shares rise, as it faces bond interest payment
Shares of embattled China Evergrande rose around 2% on Wednesday ahead of a deadline for an interest payment to offshore bondholders that gives the property developer its next test in public markets.
China Evergrande to sell $1.5 billion stake in Shengjing Bank to state firm
HONG KONG (Reuters) -Cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management …
