Chinese debt saw the largest outflows in six months in September on volatility triggered by the China Evergrande Group crisis, but high debt issuance across emerging markets helped push overall …
Tagged By finance
China’s banking sector expected to see 10% profit growth in H2: report
Since the third quarter of the year, commercial banks continued to improve their balance sheets and focused on the transition from expanding scale to enhancing quality, with operating performance …
China property sector distress deepens as second company runs into financial troubles
After Evergrande, which is teetering on a default, another property development company Fantasia Holdings failed to repay a $205.7 million bond on 4 October …
China Tech Index Heads for New Low as Global Selloff Continues
A benchmark tracking Chinese technology stocks in Hong Kong was set for a record low on Tuesday, as investors headed for the exits after fears of higher interest rates prompted a global tech …
China’s banks must meet coal, power financing needs -regulator
China’s banking regulator said on Tuesday that lenders including policy banks must ensure that the financing needs of the coal and power sectors are met so that consumer heating during winter is not …
China property sector default woes deepen amid Evergrande uncertainty
Evergrande requested a halt in the trading of its shares pending an announcement about a major deal. Evergrande Property Services Group also requested a halt referring to “a possible general offer” …
China Bans Loans to Speculate in Commodities, Some Luxury Goods
China will strictly prevent bank and insurance funds from being used in speculating commodities in a push to maintain market order and stabilize prices.Most Read from BloombergChristmas at Risk as …
China has urged banks to guarantee that coal and steel companies’ finance needs are met
CHINA HAS URGED BANKS TO GUARANTEE THAT COAL AND STEEL COMPANIES’ FINANCE NEEDS ARE MET.
China Property Sector Woes Deepen as Markets Await Evergrande Deal
As investors were abuzz on Tuesday with cash-strapped China Evergrande Group’s possible sale of a stake in a unit to raise as much as $5 billion, more Chinese property developers grappled with ratings …
Evergande’s fight for survival a threat to China’s shadow banking system
China Evergrande appears poised to rake in a large lump of cash as it sells assets. Where that cash might end up is, however, anyone’s guess.
IMF gets briefing on probe into China rankings at World Bank
The International Monetary Fund said Monday its board of directors has been briefed by attorneys from the law firm whose investigation found that current IMF Managing Director Kristalina Georgieva and …
World Bank, IMF face long-term damage after data rigging scandal
WASHINGTON: Regardless of whether IMF chief Kristalina Georgieva was to blame for changes to World Bank data in 2017 that benefited China, the scandal has dented the research reputations of both …
Will China’s Evergrande Crisis Unleash a Global Economic Contagion?
The massive Chinese real estate company Evergrande is unable to pay its debts. This has sparked some rare protests in China and is spooking international financial markets. A key question now is …
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