Despite fears of a slowdown in the global luxury market, unwavering demand from China’s UHNWs may lead to big opportunities for luxury brands …
Monthly Archives For January 2024
China Evergrande is ordered to liquidate, with over $300 billion in debt. Here’s what that means.
Hui has been detained in China since late September, adding to the company’s woes. The real estate sector accounts for more than a quarter of all business activity in China and the debt crisis has…
Real estate giant China Evergrande ordered by Hong Kong court to liquidate
She said it was appropriate for the court to order Evergrande to wind up its business given a “lack of progress on the part of the company putting forward a viable restructuring proposal” as well…
What happens next after China Evergrande ordered to liquidate?
Listing rules require a company to demonstrate a business structure with sufficient operations and … the liquidator could take control of Evergrande’s subsidiaries across mainland China by replacing …
IPO fund management assets in China rise to USD3.9T, forex market records strong activity
Recent data from the China Asset Management Association has revealed that the assets affiliated with the management of Initial Public Offering (IPO) …
China’s Leverage in Russia Deal Proves Putin Needs Xi More
Beijing is using its significant leverage over the Kremlin to strike a more favorable deal over a proposed gas pipeline that is vital to President Vladimir Putin’s political stability, according to the Financial Times.
China’s industrial profits set for rebound in 2024, increase as much as 11% due to improved US export outlook
Profits at China’s largest industrial enterprises fell for a second consecutive year in 2023, but analysts say they could increase by between 7 and 11 per cent this year due to an improved export …
China Evergrande ordered to liquidate in landmark moment for crisis-hit sector
“Our priority is to see as much of the business as possible retained … “As most of Evergrande’s assets are in mainland China, there are uncertainties about how the creditors can seize the assets and…
China Evergrande has been ordered to liquidate. The real estate giant owes over $300 billion
She said it was appropriate for the court to order Evergrande to wind up its business given a “lack of progress on the part of the company putting forward a viable restructuring proposal” as well…
6 photos and stats that put into perspective the sheer size of Evergrande, China’s dying real-estate giant that has $300 billion in debt
Evergrande, China’s second-largest property developer, had $300 billion in debt. That’s equivalent to 1.5% of China’s GDP.
China arises as global leader in renewable energy output, export
Notably, these products have found their way to more than 200 countries and regions worldwide. Pan revealed that the cumulative value of China’s exports in the clean energy sector has reached …
China foreign ministry will ‘seriously’ study resuming visa-free policy for Japan
China’s foreign ministry said on Monday that it would “seriously” study resuming a previous visa-free arrangement for Japanese visitors to China. China also hopes Japan will work with Beijing to make …
Across China: Shenzhen’s “Carmen” makes dazzling debut, builds cultural bridge with Germany
SHENZHEN, Jan. 29 (Xinhua) — When a classic Western opera and traditional Chinese culture merged in the southern Chinese city of Shenzhen this past weekend, a captivating fusion unfolded on a …
