Offshore creditors of China Evergrande might be able to increase their chance of recovering funds if they can prove the property developer is due money from onshore subsidiaries, to which they would therefore be entitled,
Monthly Archives For August 2024
China Gives Detail on Bond Crackdown With Some Solace for Bulls
A senior official at a Chinese regulatory body said Beijing will keep cracking down on speculative trading in longer-dated bonds, though suggested officials are not seeking to control yields as some …
China’s Slowing Economy Sparks Calls to Raise Deficit Ceiling
A growing chorus of Chinese economists called on Beijing to break away from an implicit budget deficit ceiling, opening the door to more central government borrowing as a way to shore up the faltering …
Reactions to China’s anti-subsidy probe on EU dairy imports
China launched an anti-subsidy investigation into dairy imports from the European Union a day after the bloc’s revised tariff plan for electric vehicles made in the Asian giant. Wednesday’s inquiry …
One woman’s custody battle highlights the challenges facing same-sex couples in China
It’s been more than four years since Zhang Peiyi last saw her son, one of two children from her former marriage. Denied custody of both kids, Zhang finally settled in June for visitations with her…
The Navy’s Newest Submarine Is Finally Here—and It’s Still No Match for China
The USS Idaho, the U.S. Navy’s latest Virginia- class attack submarine, officially launched last week after taking seven years to build. The Navy is going to need more submarines to rival China’s naval buildup but…
China’s WeRide Delays US IPO Just as Deadline Nears
WeRide Inc. has postponed its plan for a US initial public offering, according to people with knowledge of the matter, days before Chinese regulatory approval lapses.
Is China Lifting its Bitcoin Ban? Crypto Expert Says This Could Become the Biggest Bullish Catalyzer for Altcoins
Justin Sun, the founder of TRON, sent waves through the community with a cryptic post on X (formerly Twitter) hinting at a potential change in China’s stance on cryptocurrency. His message, “China …
Putin meets China’s Premier Li as Moscow and Beijing deepen their relations
Russian President Vladimir Putin has met with Chinese premier Li Qiang. He hailed growing trade relations as Moscow becomes increasingly dependent on Beijing for political and economic support.
Didi turns profitable as ride-hailing arm grows ahead of IPO
Its over-the-counter shares rose 2.3%. The results reflect how the company is gradually recovering from a tough few years. Once hailed as a national champion that defeated Uber Technologies in China, …
Greater China Deal Review: Q2 2024
Quarterly and yearly startup fundraising trends Top IPOs by Greater China firms in H1 2024 and pending large-cap IPOs Insights from prominent China-focused private market investors …
FirstFT: Beijing expected to unleash toughest ever Big Four penalty with PwC business ban
But we start with a scoop: PwC China has told clients it expects Chinese authorities to hit it with a six-month business ban that will start as early as September, as part of punishment over…
China’s plunging coal plant approvals signal energy policy pivot, report says
BEIJING, Aug 22 (Reuters) – A sharp drop in new coal plant permits in China suggests the world’s largest builder of the polluting power plants is pivoting its energy policy towards more renewable …
