Shares of embattled China Evergrande rose around 2% on Wednesday ahead of a deadline for an interest payment to offshore bondholders that gives the property developer its next test in public markets.
Tagged By banking
China Evergrande to sell $1.5 billion stake in Shengjing Bank to state firm
HONG KONG (Reuters) -Cash-strapped China Evergrande Group said on Wednesday it plans to sell a 9.99 billion yuan ($1.5 billion) stake it owns in Shengjing Bank Co Ltd to a state-owned asset management …
China Corporate Funding, Liquidity and Defaults – September 2021
The majority of China’s regions – towards which bond investors’ sentiment was impaired by some large state-owned enterprises’ (SOEs) defaults in November 2020 …
As China imposes blanket ban on cryptos, is this a warning bell for crypto investors in India?
As China imposed a blanket ban on cryptocurrencies, investors around the world turned panicky. Do investors in India have any reason to worry? Let us find out …
China will keep normal monetary policy as long as possible, says c.bank governor
China’s central bank governor Yi Gang said China will stay with normal monetary policy settings for as long as possible, and that the yield curve can also maintain a normal and upward sloping shape.
How Bad Are Things in China? Goldman Sachs Just Slashed Its Growth Forecast to Zero.
Production has been halted at a number of factories, including some supplying Apple and Tesla, due to widespread shortages.
New Beijing bourse aims to boost SME growth amid US-China tensions, poor bank lending
A group of 66 innovative small companies is expected to be listed on the new bourse.. Read more at straitstimes.com.
China will keep normal monetary policy as long as possible, says central bank governor
BEIJING :China’s central bank governor Yi Gang said China will stay with normal monetary policy settings for as long as possible, and that the yield curve can also maintain a normal and upward sloping …
China has tools to avoid Evergrande crisis, says ADB head
China has sufficient buffers and policy tools to prevent debt-riddled developer China Evergrande Group from triggering a global financial crisis, Asian Development Bank President Masatsugu Asakawa …
Electric Car Company’s Financial Woes Mark More Trouble For China’s Evergrande
An electric car company linked to China’s Evergrande is having trouble paying suppliers and will no longer sell new shares on the Shanghai stock exchange. This comes as Evergrande’s main real estate …
You just can’t keep a good thing down: China bans crypto (again)
China banned cryptocurrencies again, but this time the markets hardly noticed. What does this mean for the strength of crypto, and has China just made another big mistake?
World Bank cuts Asia growth outlook, calls for virus action
The World Bank has cut its economic growth forecast for developing countries in East Asia due to the impact of the coronavirus’s delta variant …
PBOC reiterates sound property market development
China will maintain the healthy development of its real estate market and protect the rights and interests of consumers, said the central bank. In a statement released after a quarterly meeting of its …
