China Evergrande Group’s property sales plummeted in 2021 for the first time in at least a decade as the giant developer slipped into default and buyer confidence faded. Bloomberg’s Stephen Engle …
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China Huarong shares set to fall 40% in resumed trade after 9-month halt
Shares of China Huarong Asset Management Co Ltd are set to fall 40% as the stock resumes trading on Wednesday after a nine-month suspension.
China Evergrande to hold meeting with bondholders on Jan 7-10
China Evergrande Group said on Wednesday it will hold an online meeting with bondholders on Jan. 7-10 to vote on proposals including one on delaying the redemption date of some bonds to July 8 from…
China Huarong falls 50% as trading resumes after 9-month halt
“at-above-post addthis_tool” data-url=” KONG (Reuters) -Shares of China Huarong Asset Management Co Ltd plunged as much as 50% in Hong Kong on Wednesday to a record low, as trading resumed after a …
China Mobile shares open 9% higher in Shanghai debut
China Mobile Ltd 600941.SS opened higher on its Shanghai debut on Wednesday after raising 48.7 billion yuan ($7.64 billion) in China’s biggest public share offering in a decade. China Mobile opened at …
Energy Insider: China Slashes Fuel Export Quota in First 2022 Allotment
China reduced its fuel export quota by more than half in the first batch of allocations for 2022 as the country moves to curb excess domestic refinery production and carbon emissions, Bloomberg …
Charlie Munger’s Daily Journal Nearly Doubles Stake in China’s Alibaba
Journal Corp, the publishing and technology company in which Warren Buffett’s longtime business partner Charlie Munger is chairman, said it has nearly doubled its stake in Chinese e-commerce giant …
China’s New Rules Limiting Overseas IPOs Go Into Effect
In spite of the clampdown, the rules don’t completely prohibit overseas listings, Real Money’s Alex Frew McMillan says.
Private Equity Firm TPG Files with SEC for $9.5B IPO
In a SEC filing, TPG announced that it is planning to sell shares between $28 and $31 each in an initial public offering (IPO) that could raise $877 million.
China closes key port after Covid outbreak, increasing pressure on supply chain
CNBC’s Lori Ann LaRocco reports on the shuttering of the Chinese port of Ningbo due to a Covid outbreak and the impact it’s likely to have on the supply chain.
China Evergrande’s $300 billion cash crunch is deepened by demolition order
The decree from authorities on the southern Chinese island of Hainan has plunged the embattled property giant into a fresh publicity crisis.
Crypto Alert: China Offers Pilot Wallet App for Digital Yuan
In China’s new app, available via Apple and Google Android stores, users can create a wallet for digital yuan and spend them.
Nike and Adidas are Losing Momentum in China to These Native Footwear Brands
Chinese brands have lost share as a result of boycotts against Adidas, Nike and other Western brands that have refused to source cotton from China’s Xinjiang region, due to allegations of forced labor …
