Country Garden, one of China’s top property developers, suspended trading in 11 of its onshore bonds on Monday, adding to speculation the company may be preparing to restructure its debt as it …
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China’s Country Garden suspends trading of onshore bonds amid talk of debt restructuring
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The Shanghai Stock Exchange has urged bankers to pay close attention to the marketing practices of Chinese drug and medical equipment makers seeking initial public offerings (IPOs) amid an escalating …
Ali Rahbari to conduct Shenzhen Symphony Orchestra in China
Prominent Iranian composer and conductor Ali Rahbari will conduct Shenzhen Symphony Orchestra at the Shenzhen Belt & Road International Music Festival in China.
Import, export volume of China’s Jiangsu reaches 2.93t yuan in Jan-July
NANJING — East China’s economic powerhouse Jiangsu province recorded a total import and export volume of 2.93 trillion yuan ($409.29 billion) from January to July, the customs of Nanjing, capital …
Global Impact: US declares ‘emergency’ on sensitive tech in latest plans to restrict investment on China
Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world In this edition, we break down the latest …
China’s foreign minister Wang Yi pledges support for Cambodia’s changing of the guard in meeting with Hun Sen and son
Top Chinese diplomat says Beijing firmly supports Cambodia to safeguard national interests and national dignity and a greater role on world and regional stages Incoming PM Hun Manet pledges to promote …
China’s economic challenges gather steam as new loans plunge, property fears loom
Credit data for July released Friday showed a slump in demand from businesses and households to borrow money for the future.
Chinese property giant Country Garden warns of $7.6 billion loss as it nears default
One of China’s biggest property developers says it has burned through up to $7.6 billion in the first half of the year, compounding the crisis coursing through the country’s embattled real estate sector. Country Garden…
Morning Bid: China property troubles plague Asia stocks
With the Bank of Japan keeping JGB yields around 0.62%, the widening spread lifted the dollar to a fresh 2023 peak of 145.22 yen on Monday. Anything above 145.00 risks Japanese intervention, but bulls have…
China property crisis deepens: Country Garden shares slide on bond suspension while Sino-Ocean misses interest payments
China’s property crisis worsened as state-backed developer Sino-Ocean Group Holdings missed interest payments and shares in developer Country Garden slumped further after it suspended trading of some onshore bonds.
METALS-Copper weighed down by China property woes, stronger dollar
LME aluminium CMAL3 shed 0.3% at $2,168.50 a metric ton, tin CMSN3 fell 1.9% to $25,950, zinc CMZN3 shed 0.7% to $2,381.50, lead CMPB3 was little moved at $2,111, while nickel CMNI3 rose 1.9% to…
In the Market: Funds fret over the fallout of Biden’s China order
Fund managers are worried the Biden administration’s move to restrict some outbound U.S. investment to China will further fuel anti-Beijing sentiment in Washington and prompt more limitations.
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