China Evergrande moved closer to a potential restructuring of its $89 billion debt burden by hiring outside advisers, while protests broke out at some of its offices.
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Explainer: How China Evergrande’s debt troubles pose a systemic risk
China Evergrande Group (3333.HK) has raised fresh warnings of default risks amid late payments to wealth management and trust products.
A Chinese Property Giant Warns of ‘Tremendous’ Financial Pressure
China Evergrande hired restructuring experts, sending its shares lower and adding to worries about what its fate might mean to the country’s economy.
Lowe spells out the Reserve Bank’s China watchlist
As the Chinese property giant Evergrande lurches closer to default, Reserve Bank boss Phil Lowe says that it is one of the items on the central bank’s China watchlist.
China uses app to monitor access to overseas financial news sites
Chinese police are using a new anti-fraud app installed on more than 200m mobile phones to identify and question people who have viewed overseas financial news sites, according to individuals summoned …
Goldman Sees Limited Long-Term Damage from China’s Crackdowns
China’s recent regulatory tightening will cause limited damage to the country’s long-term economic growth and investment prospects, although financial markets will likely remain volatile in the short …
Indebted developer China Evergrande says property sales continue to drop, warns again it could default
Ratings agencies have repeatedly downgraded Evergrande since last year as the world’s most indebted property developer struggles to remain liquid.
IHS Markit discusses China’s target to consolidate its electric vehicle market
Huaibin Lin of IHS Markit says China’s electric vehicle market has experienced tremendous growth for the past 20 years, but the time may come for the market to contract.
FirstFT: Beijing to break up Ant’s Alipay
Beijing wants to break up Alipay … Libor replacement reaches Wall Street’s leveraged loan market Bank of America has started marketing the first leveraged loan tied to the interest rate that is set …
China tech shares slump after report that Beijing seeks to break up Alipay
Traders mulled a report that the government intends to break up Ant Group’s Alipay, a statement calling for better protection of gig economy workers’ rights and latest warning against blocking links t …
China to target biggest payment app Alipay in tech crackdown: Financial Times
Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the ruling Communist Party attempts to rein in “the unruly growth” of the tech giants. Alipay — with …
China is already sending aid to Taliban-controlled Afghanistan, filling the gap the US left
Western powers like the US and UK have suspended aid programs to Afghanistan. China is pledging millions of dollars to help the Taliban.
Wealth Management linkage boosts integration in China’s capital market
The linkage might look like a simple step but in reality represents an important milestone in China’s growth path towards the elevation of its financial global standing to a level that matches an …
