Evergrande, the world’s most indebted property developer, has struggled in recent months to raise cash and meet its financial obligations after …
FINANCE
China outspending U.S. and Japan in overseas development finance, study shows
Between 2000 and 2012, the average annual development finance commitments from Beijing amounted to $32 billion and those commitments from Washington were roughly on par at nearly $34 billion. But …
China Targets Evergrande Risks With $1.55 Billion Bank Deal
China stepped in to buy a stake in a struggling regional bank from China Evergrande Group as it seeks to limit contagion in the financial sector from the embattled property developer.Most Read from …
China’s development finance more than double US but issues risk undermining belt and road: report
AidData analysis finds recipient nations are concerned about project issues and Chinese debt burdens ‘substantially larger’ than previously understood.
Evergrande to Raise $1.5 Billion by Selling Bank Stake to State-Owned Firm
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 …
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 …
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 …
China Corporate Funding, Liquidity and Defaults – September 2021
The majority of China’s regions – towards which bond investors’ sentiment was impaired by some large state-owned enterprises’ (SOEs) defaults in November 2020 …
As China imposes blanket ban on cryptos, is this a warning bell for crypto investors in India?
As China imposed a blanket ban on cryptocurrencies, investors around the world turned panicky. Do investors in India have any reason to worry? Let us find out …
China will keep normal monetary policy as long as possible, says c.bank governor
China’s central bank governor Yi Gang said China will stay with normal monetary policy settings for as long as possible, and that the yield curve can also maintain a normal and upward sloping shape.
