Shimao Group shares fell sharply after a Chinese state-run bank filed a liquidation petition against the heavily indebted developer, adding uncertainty to a proposed restructuring of offshore debt.
FINANCE
China property developer Shimao faces liquidation order over $202 million loan
By Scott Murdoch and Himanshi Akhand (Reuters) -Chinese property developer Shimao Group said on Monday that China Construction Bank (Asia) had filed a liquidation petition against it over a financial …
Asia markets poised to rebound ahead of central bank decisions, U.S. and China inflation data this week
Four central banks in the region will announce rate decisions, while investors will also assess the impact of inflation numbers from the U.S. and China …
FirstFT: Biden to warn Beijing against aggressive activity in South China Sea
Also in today’s newsletter, China’s stockbrokers suffer pay cuts and Brazil threatens to regulate social media after clash with Elon Musk …
US, Britain, Australia weigh expanding AUKUS security pact to deter China
Washington pushes for Japan to be involved as the group reportedly looks at jointly developing quantum computing, undersea, hypersonic, artificial intelligence and cyber technology …
China’s central bank launches relending program to support SMEs’ technology innovation and upgrading
The People’s Bank of China (PBC), the central bank, on Sunday established a relending program for scientific and technological innovation and transformation, aiming to boost financial support for …
US, Britain, Australia weigh expanding AUKUS security pact to deter China, FT says
LONDON (Reuters) -The U.S., Britain and Australia are set to begin talks on bringing new members into their AUKUS security pact as Washington pushes for Japan to be involved as a deterrent against …
China central bank to set up $70 bln tech re-lending programme
China’s central bank will set up a 500 billion yuan ($70 billion) re-lending programme to support the country’s science and technology sectors, according to a statement released on Sunday.
China’s central bank unveils relending facility for sci-tech innovation
BEIJING, April 7 (Xinhua) — China’s central bank on Sunday said it had established a special relending facility worth 500 billion yuan (about 70.47 billion U.S. dollars) to support sci-tech …
AUKUS considers expanding security pact to deter China, FT says
The U.S., Britain and Australia will announce talks on Monday about bringing new members into their AUKUS security pact as Washington pushes for Japan to be involved as a deterrent against China, the …
US, China Need to Respect Each Other, Premier Li Says in Talks with Yellen
US Treasury Secretary Janet Yellen and Chinese Premier Li Qiang sounded a hopeful note on bilateral relations at the start of their Sunday meeting in Beijing.
New US-China talks will address American complaint about Beijing’s economic model, Yellen says
U.S. Treasury Secretary Janet Yellen said that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s trade practices put American companies and workers at …
China agrees to ‘intensive’ talks with U.S. on balancing economic growth, Yellen says
U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American …
