Central China Real Estate and Yango Group made last-ditch arrangements to avoid bond defaults after regulators told embattled home builders they must prepare to repay their debts.
Tagged By banking
U.S. Offers Alternative to China; Climate Finance: COP26 Update
Day two of global climate talks is providing a showcase for small countries — among the world’s most vulnerable to climate change — with the U.S. and European Union set to meet with representatives …
Kerry Cites Finance Pledges and Aims Barb at Trump: COP26 Update
U.S. President Joe Biden said he’s offering an alternative to China’s plan to build infrastructure in countries that are among the most vulnerable to climate change, while his special envoy, John …
China’s Bank Earnings Continue to Make Gains in Third Quarter
Forty-one banks listed on the Shanghai and Shenzhen stock exchanges have released third-quarter earnings reports, showing an ongoing recovery in both revenues and profits, with the performance of …
China Fortune Land’s Stock Falls as Developer’s Overdue Debt Jumps to USD14.7 Billion
Shares of China Fortune Land sank after the Chinese real estate developer said its overdue debt now totals about CNY94 billion (USD14.7 billion) after the company defaulted on a further CNY7.9 billion …
China’s Neo-Nationalism Poses Risks for International Businesses
Companies and firms that used to straddle both the West and China with ease – like LinkedIn and Mayer Brown – are now finding themselves in uncharted territory.
Beijing Closes 18 Schools; Record Bulgarian Deaths: Virus Update
Authorities in Beijing halted classes at 18 schools in one district after a teacher was infected with Covid-19, days before a key Communist Party meeting in the city.Most Read from BloombergSupply …
China property firms’ shares, bonds take hit after Yango debt exchange
Shares and bonds of Chinese property developers stumbled on Tuesday as worries over spreading financial contagion worsened following a debt exchange from one of the country’s top 20 homebuilders that …
Is China’s local government debt a concern and what role do LGFVs play in infrastructure spending?
Local government debt in China is broken down into two parts, namely explicit and implicit debt. Explicit debt is local governments’ on-budget liabilities that are recognised by the central government …
Beijing Closes 18 Schools; Thailand Cases Decline: Virus Update
Authorities in Beijing halted classes at 18 schools in one district after a teacher was infected with Covid-19, days before a key Communist Party meeting in the city.Most Read from BloombergInto the …
Credit Suisse plans accelerated China expansion, says China CEO
“at-above-post addthis_tool” data-url=” (Reuters) -Swiss investment bank Credit Suisse Group AG plans to accelerate its expansion in China, growing its team on the mainland by three times in the next …
Credit Suisse to Triple Onshore China Team in Next 5 Years – China CEO
Swiss investment bank Credit Suisse Group AG plans to expand its onshore team in China by three times in the next five years, the bank’s China CEO said on Tuesday. Janice Hu said in a…
PBOC Has Limited Easing Room, Says Former Central Bank Adviser
China’s fiscal policy will provide the main support to economic growth next year while significant monetary easing is unlikely, according to a former adviser to China’s central bank.
