BEIJING, Jan. 30 (Xinhua) — China’s local governments issued new bonds worth around 9.34 trillion yuan (about 1.31 trillion U.S. dollars) in 2023, data from the Ministry of Finance showed. Of the …
FINANCE
Evergrande’s fate hinges on recognition of China authorities
Any liquidation of property giant Evergrande hinges on Chinese authorities recognising the ruling of a Hong Kong court, in a decision that could also effect the city’s standing as a global financial centre,
Key China Bond Yield Hits Lowest in Over Two Decades as Easing Hopes Rise
The yield on China’s benchmark government bond dropped to its lowest level in over two decades on growing expectations that Beijing will deliver more monetary policy easing to help bolster its economy …
China’s Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
China Stock Slump Resumes, Adding Pressure on Beijing to Do More
Chinese stocks slid on Tuesday, with a benchmark heading for a third straight day of declines, underscoring the need for policymakers to take more steps to revive investor confidence.Most Read from Bl …
China Evergrande ordered to liquidate after failed restructuring attempt
A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders.
China’s Property Bubble Bursts: Evergrande’s Liquidation Shakes Global Markets
The fall of Evergrande not only symbolizes the fragility of China’s property market but also poses serious questions about the future of the nation’s economic stability. The descent of Evergrande into financial turmoil is a…
China’s Property Boom Goes Bust
Some analysts have called it China’s “Lehman Brothers moment” in a nod to the U.S. financial crisis of 2008. “It is time for the court to say enough is enough,” Hong Kong Justice Linda Chan…
China Evergrande Ordered to Liquidate After Failing to Reach Creditors’ Deal — Update
By Jiahui Huang China Evergrande Group was ordered to liquidate after the indebted property developer failed to reach a restructuring deal with
China removes state media article on plans to merge bad debt asset managers with sovereign wealth fund
The initial plan to put China Cinda Asset Management, China Orient Asset Management and China Great Wall Asset Management under the management of China Investment Corp would reportedly happen “in the …
Beijing’s support aside, Hong Kong must shine as a financial hub
The central government may have stepped in to defend markets but Hong Kong needs to show its ability to fend off regional challengers, such as by tapping its Middle East and belt and road connections…
China Removes Article on ‘Merger’ of Bad-Debt Managers With CIC
Bloomberg News reported in May last year that China was considering transferring the state’s stakes in the three bad debt managers to Central Huijin Investment Ltd., a unit of CIC. The Ministry of …
Bank of China plans $21 bln bond sales to comply with global capital requirements
BEIJING, Jan 29 (Reuters) – Bank of China Ltd. (601988.SS), opens new tab said it plans to sell up to 150 billion yuan ($21 billion) of loss-absorbing bonds, becoming the nation’s first big state bank…
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