Beijing will dip into its deep pockets to ring-fence the financial fallout from Evergrande’s bankruptcy. But it’s the end of relying on a massive real estate boom to drive economic growth.
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Evergrande sells US$1.5bil stake in Shengjing Bank
Scrambling to avoid defaulting on its debts, cash-strapped China Evergrande Group said it plans to sell a 9.99 billion yuan (US$1.5bil or RM6.46bil) stake in Shengjing Bank Co Ltd to a state-owned …
China Tells Bankers to Shore Up Property Market, Help Homebuyers
China has urged financial institutions to help local governments stabilize the rapidly-cooling housing market and protect the rights of some homebuyers, another signal that authorities are worried …
Changing China: How Beijing’s crackdowns are impacting business
Key to the common prosperity policies are Beijing’s attempts to narrow the huge wealth gap between the nation’s richest and poorest citizens. It is an issue that some would argue both endangers the …
China Evergrande to sell $1.5 billion stake in Shengjing Bank to a state-owned enterprise
A Chinese state-owned business has agreed to pay $1.5 billion for the majority of China Evergrande Group’s EGRNF holding in a commercial bank …
China’s Belt and Road saddles nations with billions in ‘hidden debt,’ study finds
China’s massive “Belt and Road” global infrastructure funding strategy is based on a “secretive overseas development finance program” that has saddled dozens of poor countries with nearly $400 billion …
Cash-strapped Evergrande Group to sell $1.5 billion stake in Shengjing Bank to state firm
Shengjing Bank, one of the main lenders to Evergrande, had demanded that all net proceeds from the disposal be used to settle the financial liabilities of the property developer due to the lender, …
Kuroda Rejects China Bubble Risk, Says It’s Not Like 1980s Japan
Bank of Japan Governor Haruhiko Kuroda played down the risk of a crisis from the troubles in China’s real estate market that have been exposed by the downfall of developer China Evergrande Group.Most …
Could China’s Evergrande Become the Next Lehman? Here’s What Investors Should Know
Could one of China’s largest property companies end up being a contagion to the global economic system? The post Could China’s Evergrande Become the Next Lehman? Here’s What Investors Should Know …
JPMorgan’s Erdoes Says Bank Has a ‘Lot of Stamina’ for China
China Evergrande Group’s debt troubles. The largest U.S. bank has been in China for a century and has “a lot of stamina” for staying in the country, Erdoes, who runs JPMorga …
Outspending The US 2-To-1 And More: Report Gives New Insights Into China’s Overseas Development Finance That Was Shrouded In Secrecy
China outspends the US two-to-one when it comes to international development financing. A report by AidData gives new insights about China’s loan deals with developing countries. Even as the Belt and …
China’s development finance double US’ but issues threaten belt and road: report
AidData analysis finds recipient nations are concerned about project issues and Chinese debt burdens ‘substantially larger’ than previously understood.
China Crackdown is Crushing These 10 Stocks
In this article, we discuss the 10 stocks that the China crackdown is crushing. If you want to skip our detailed analysis of these stocks, go directly to China Crackdown is Crushing These 5 Stocks.…
