SHANGHAI, Sept 25 (Reuters) - China stocks fell on Monday, as developers slumped after a new round of government curbs to rein in the heated housing market. The blue-chip CSI300 index fell 0.5 percent, to 3,817.79 points, while the Shanghai Composite Index ... ( read original story ...)
Shares in Chinese property developers are getting hammered
“The recent success of policymakers to reign in property price growth amongst China’s larger cities look set to extend to third-tier cities,” he wrote in a note released last month. “Mortgage lending has advanced around 24% year-on-year in first ... ( read original story ...)
China Unicom sets up big data company
BEIJING, Sept. 25 (Xinhua) -- China Unicom announced Monday the establishment of a big data unit in its latest effort to seek new growth as traditional business shrinks. The new subsidiary will make full use of the telecom carrier's advantage in cross ... ( read original story ...)
AviaAM Financial Leasing China Concludes $500 Million Aeroflot Project
AviaAM Leasing announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has brought a $500 million-worth aircraft delivery project to a conclusion. Eight brand new ... ( read original story ...)
As China Piles on Debt, Consumers Seek a Piece of the Action
Now, it’s Li Jing’s turn. Ms. Li, a 33-year-old car saleswoman here in the middle of China’s declining industrial zone, is one of the growing millions of Chinese using mortgages and credit cards to finance a middle-class lifestyle. Over the past two ... ( read original story ...)
Fitch Ratings is expecting China’s first local government bond defaults, but timing uncertain
There are concerns about the potential for a wave of defaults in China due to high local government debt, which could impact the financial markets and potentially spread a wave of contagion across the global economy. The LGFVs have also borrowed from the ... ( read original story ...)
China to more closely oversee state firm finance units, sources say
China will create a centralised financing company to oversee billions worth of dollars in funds held by the country’s state-owned enterprises’ finance units, people familiar with the matter said, allowing the government closer supervision of SOEs ... ( read original story ...)
China Development Bank Financial Leasing and Unit to Buy Aircraft From Airbus and Boeing
HONG KONG--China Development Bank Financial Leasing Co. Ltd. (>> China Development Bank Fnacl Lsng Co Ltd) said late Friday that it together with its unit in Ireland CDB Aviation Lease Finance DAC, have signed agreements to buy aircraft from Airbus (ABI-YY ... ( read original story ...)
Financial market reform crucial to China’s economy
China is expected to further open up its financial market as part of a strategy to expand its economy in the coming years, according to Harvey Schwartz, president and co-chief operating officer of Goldman Sachs Group. China’s pace and direction for ... ( read original story ...)
Chinese brands outstrip rivals in market share
That's more than double the growth rate of the passenger car sector as a whole, according to statistics from the China Association of Automobile Manufacturers. Chinese brands seized 43.2 percent of the market share in the period, far higher than the runner ... ( read original story ...)