Geely hasn’t marked an operating margin below 8 percent since the 2008 financial crisis, and has averaged 8.2 percent … The problem is that Beijing’s ability to put its thumb on the scales in favor…
Tagged By banking
China stocks fall, developers and financial firms weigh
SHANGHAI, Nov 30 (Reuters) – China stocks fell on Thursday, pressured by selling of real estate and financial shares, as investors booked profits in sector leaders that had stellar gains this year. ** At the…
China’s Lending Crackdown Is Notable for Three Reasons
Policy makers from the People’s Bank of China and the China Banking Regulatory Commission convened in Beijing on Nov. 23 to discuss new measures to crackdown on online consumer loan platforms, including those for payday…
China’s Bad Banks Get Worse
Link shopping mall deal $2.9 billion Great Wall Asset was established in 1999 to take soured debt off the books of lenders including Agricultural Bank of China Ltd., so what’s it doing buying real estate…
China relaxes leash on Wanda, allowing its unit to issue offshore bond to raise capital
The sale came after China’s bank regulator instructed the country’s biggest lenders to put Wanda and other asset buyers including the Anbang Group, the Fosun Group and the HNA Group under scrutiny for their loans…
China Oceanwide, Genworth Financial extend $2.7 billion merger deadline
NEW YORK (Reuters) – The closing deadline for China Oceanwide Holdings Group Co’s (0715.HK) proposed purchase of Genworth Financial Inc (GNW.N) has been extended for a second time, to April 1, to allow them to…
Back to school: China kindergarten weathers child abuse storm for now
SHANGHAI/BEIJING (Reuters) – When RYB Education Inc became enmeshed in allegations of child abuse at one of its Beijing kindergartens, it touched off an angry online furor in China, a police inquiry and a precipitous…
China has ‘grave concerns’ about North Korea’s latest missile test
China’s Foreign Ministry has expressed what it called “grave concern and opposition” to North Korea’s latest missile launch in an unusual rebuke of its neighbor and ally.Ministry spokesman Geng Shuang said the country hoped “all…
China and France Talk Economy and Finance in Beijing
Beijing, Nov 28 (Prensa Latina) China and France will engage this week in a fifth high-level dialogue on Economy and Finance as part of the visit here of French Minister of the sector, Bruno Le…
China’s economy still facing relatively large downward pressure: banking regulator
BEIJING (Reuters) – China’s economy is still facing relatively large downward risks that may become apparent by early 2018, a senior official of the banking regulator said on Wednesday. Yu Xuejun, head of the China…
China Development Bank Files Insolvency Suit Against RCom
China Development Bank, which lent close to $1.78 billion to Reliance Communications (RCom), has filed an insolvency suit at the National Company Law Tribunal’s (NCLT’s) Mumbai bench after it defaulted on loans. Indian lenders would…
China Development Bank Drags Indian Telco to Bankruptcy Court
With the filing of the insolvency notice, all of the hopes beleaguered Reliance Communications had for an out-of-court settlement have been dashed. No potential buyer has approached the Indian Telco, which owes the China Development…
Chinese State Bank Adds Pressure to Debt-Laden Indian Wireless Carrier
The debt woes of one of India’s leading wireless carriers Reliance Communications Ltd. have deepened this week thanks to an unlikely new source of pressure—a leading state-owned Chinese bank. It emerged late Monday that China…
