The heavily indebted property developer will sell most of its stake in a commercial bank to a Chinese state-owned enterprise.
FINANCE
China Evergrande plans to raise $1.5 billion through bank-stake sale
Evergrande, the world’s most indebted property developer, has struggled in recent months to raise cash and meet its financial obligations after …
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 …
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