The news is the latest setback for the hugely indebted Chinese property developer, which fell into default last year.
Tagged By finance
China Stockpiles Record Cash In Sign of Slow Fiscal Stimulus
China’s government stockpiled a record amount of cash in the first two months of the year instead of spending it, despite numerous pledges by top officials to speed up fiscal stimulus to boost the …
Nike earnings: ‘Sales in China still have issues,’ analyst says
Williams Trading Senior Equity Analyst Sam Poser joins Yahoo Finance Live to discuss Nike’s latest Q3 earnings beat, the supply chain, and Russian and Chinese pressures on Nike’s partnerships.
China’s yuan eases, shrinking yield premium drags swaps to lowest since 2020
China’s yuan eased against a firmer dollar on Tuesday, after the Federal Reserve Chair Jerome Powell said the U.S. central bank must move “expeditiously” to raise rates, adopting a more assertive …
Near-term picture for China’s markets is ‘definitely choppy,’ says Credit Suisse
David Murphy of the investment bank discusses China’s pledge to roll out more market-friendly policies. He says people want to see “meat on the bones” and are waiting for “concrete measures.” …
China’s economic resilience proves unreasonable predictions wrong
Pessimistic predictions of the so-called impending meltdown of the world’s second-largest economy have repeatedly emerged from the pens of certain Western China critics. Such unfounded theories have …
Beijing keeps lending benchmark unchanged
SHANGHAI: China kept its benchmark interest rate for corporate and household lending unchanged yesterday, as expected, although analysts say the case for monetary stimulus is building amid mounting …
People’s Bank of China Now Supporting “Controllable” Risks in Fintech Innovation in Alibaba Group’s Zhejiang-based Offices
Reserve bank of China is now supporting “controllable” risks in Fintech innovation in Alibaba Group’s Zhejiang-based offices.
China must engage Australia to boost CPTPP chances, trade minister says
Processing Beijing’s application would require existing members of the trade bloc to ‘sit down and talk and work through the issues’, Australian trade minister Dan Tehan said.
China’s Russian traders smell profit as Ukraine sanctions bite
For Marat, a Russian businessman based in Shanghai, sanctions on his home country have heralded an unexpected opportunity in China as companies struggle to keep their supply chains open.
China Stock Market Due For Profit Taking On Tuesday
The China stock market has climbed higher in four straight sessions, accelerating almost 190 points or 6.2 percent along the way. The Shanghai Composite Index now rests just above the 3,250-point …
Land of opportunities: why China keeps drawing more foreign investment
Foreign enterprises are eyeing new opportunities in the Chinese market as the country remains one of the top investment destinations despite multiple headwinds besetting the global economy.
China Evergrande, units say unable to publish annual results by March 31
China Evergrande Group said on Tuesday the embattled developer would not be able to publish its financial results for last year by March 31 as required by stock listing rules, as audit work has not…
