A Chinese state-owned business has agreed to pay $1.5 billion for the majority of China Evergrande Group’s EGRNF holding in a commercial bank …
FINANCE
China’s Belt and Road saddles nations with billions in ‘hidden debt,’ study finds
China’s massive “Belt and Road” global infrastructure funding strategy is based on a “secretive overseas development finance program” that has saddled dozens of poor countries with nearly $400 billion …
Cash-strapped Evergrande Group to sell $1.5 billion stake in Shengjing Bank to state firm
Shengjing Bank, one of the main lenders to Evergrande, had demanded that all net proceeds from the disposal be used to settle the financial liabilities of the property developer due to the lender, …
Kuroda Rejects China Bubble Risk, Says It’s Not Like 1980s Japan
Bank of Japan Governor Haruhiko Kuroda played down the risk of a crisis from the troubles in China’s real estate market that have been exposed by the downfall of developer China Evergrande Group.Most …
Could China’s Evergrande Become the Next Lehman? Here’s What Investors Should Know
Could one of China’s largest property companies end up being a contagion to the global economic system? The post Could China’s Evergrande Become the Next Lehman? Here’s What Investors Should Know …
JPMorgan’s Erdoes Says Bank Has a ‘Lot of Stamina’ for China
China Evergrande Group’s debt troubles. The largest U.S. bank has been in China for a century and has “a lot of stamina” for staying in the country, Erdoes, who runs JPMorga …
Outspending The US 2-To-1 And More: Report Gives New Insights Into China’s Overseas Development Finance That Was Shrouded In Secrecy
China outspends the US two-to-one when it comes to international development financing. A report by AidData gives new insights about China’s loan deals with developing countries. Even as the Belt and …
China’s development finance double US’ but issues threaten belt and road: report
AidData analysis finds recipient nations are concerned about project issues and Chinese debt burdens ‘substantially larger’ than previously understood.
China Crackdown is Crushing These 10 Stocks
In this article, we discuss the 10 stocks that the China crackdown is crushing. If you want to skip our detailed analysis of these stocks, go directly to China Crackdown is Crushing These 5 Stocks.…
China’s Belt and Road plans losing momentum as opposition, debt mount -study
China’s vast Belt and Road Initiative (BRI) is in danger of losing momentum as opposition in targeted countries rises and debts mount, paving the way for rival schemes to squeeze Beijing out, a new …
Property developer Evergrande to sell $1.5 billion stake in regional Chinese bank as debt payment looms
The stake sale to a state-owned group is Evergrande’s first major asset disposal as it attempts to claw its way back from the brink of collapse.
Evergrande pares Shengjing Bank stake for US$1.55 billion as distressed developer attempts to unshackle itself from US$305 billion in liabilities
China Evergrande Group, faced with a second offshore bond payment in as many weeks, said it would sell part of its stake in a bank in north-eastern China to repay debt and unshackle itself from…
China Evergrande Makes Restructuring Progress as Major Bond Payment Comes Due
The heavily indebted property developer will sell most of its stake in a commercial bank to a Chinese state-owned enterprise.
