Evergrande’s situation is more complicated than other developers as its founder Hui Ka Yan is under arrest and its major subsidiary in China Hengda Real Estate Group is being investigated. The …
Monthly Archives For January 2024
Court orders China Evergrande property developer to liquidate after it failed to reach debt deal
Property developer China Evergrande Group has been ordered to liquidate after it failed to reach a restructuring deal with creditors.
China surrounding Taiwan would be enough to drag the US into military conflict, said the majority of 52 US experts
Most of the experts were at least “moderately confident” that a quarantine or blockade of Taiwan would provoke a US military response, per CSIS.
China’s Deflation Pressures Seen Persisting Through Mid-2024
(Bloomberg) — China’s deflation pressures are likely to continue for … Fuel Angst Over Wealth Gap Reddit Advised to Target at Least $5 Billion Valuation in IPO A measure of economy-wide prices …
Explainer: 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 …
China fuels Asian stocks rally, oil climbs on Red Sea worries
Chinese equities led a rally in Asian stocks to start the week, after regulators took new steps over the weekend to support the market.
China tightens stock market rules after sell-off
C hina has tightened its financial industry rules as the government tries to halt a deepening sell-off in the world’s second largest economy. Nearly $6tn (£4.7tn) has been wiped
China to merge three major asset managers into China Investment Corp -Xinhua
Orient Asset Management and Great Wall Asset Management into China Investment Corp (CIC), state-run Xinhua Finance News reported on Sunday citing unidentified industry insiders. The merger is part of …
China tightens securities lending rule to support stock market
Strategic investors won’t be allowed to lend out shares during agreed lock-up periods, the Shanghai Stock Exchange and Shenzhen Stock Exchange said in separate releases following the China Securities …
Beverage brands rapidly expand overseas presence
According to the report by CIC, by 2028, the global market scale of freshly made beverages is estimated to surpass $1.1 trillion, and the rapid expansion of emerging markets, particularly China and …
‘Global status far off for China’s carmakers’
Xu Haidong, deputy chief engineer of the China Association of Automobile Manufacturers, said: “The fast growth of the new energy vehicle sector and the rise of local Chinese marques are helping boost …
Embattled China Evergrande back in court for liquidation hearing
China Evergrande Group goes back to a Hong Kong court on Monday in a high-profile case to decide whether to liquidate the Chinese property developer that has been at the centre of a spiralling debt…
CHINA MOBILE (00941.HK) Buys Back 303K Shrs, Involving $19.78M
CHINA MOBILE (00941.HK) announced that it has repurchased 303,000 shares on the Stock Exchange today (19th) at prices ranging from $64.9 to $65.7 per share, involving a capital of … CHINA MOBILE …
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