Shares in the highly indebted developer China Evergrande dropped following a court order freezing the bank deposits of one of its divisions, raising new concerns over the group’s financial health.
Tagged By finance
DiDi Means War – A Financial Cold War With China
Beijing’s move against DiDi – 2 days after its IPO – shows that China intends to discourage Chinese companies from listing their shares in New York. It appears that Beijing has decided on a …
Evergrande Resumes Downward Spiral as Investors Prep for Crisis
Investor doubts over troubled developer China Evergrande Group turned into panic on Monday as a creditor’s successful demand to freeze some assets showed growing concern over the company’s ability to …
China Signals End to $2 Trillion U.S. Listing Juggernaut
Chinese tech firms have flocked to the U.S. stock market, drawn by a friendly regulatory environment and a vast pool of capital eager to invest in one of the world’s fastest-growing economies.Now, the …
China likely to keep lending benchmark LPR steady in July, outlook divided
China will likely keep its benchmark lending rate unchanged at its July fixing on Tuesday, a small majority of respondents to a Reuters survey believe, but there are growing expectations for a cut …
Evergrande Shares, Bonds Slump After Unit’s Bank Deposit Frozen
China Evergrande Group’s shares and dollar bonds slumped after a court ordered the freezing of a bank deposit held by its onshore division, raising concern over the company’s ability to repay …
China loan rate in spotlight as investors seek clues on health of world’s second-largest economy
China’s loan prime rate (LPR), which currently stands at 3.85 per cent, could be lowered for the first time since early last year on Tuesday.
China Loan Rate In Focus as Traders Watch for Easing Clues
China’s benchmark loan rate will be in the spotlight on Tuesday, with market participants divided over the need for more easing to support growth.The loan prime rate could be lowered for the first …
Beijing Capital Land’s Planned Privatisation to Have Limited Rating Impact
The proposed privatisation of Beijing Capital Land Ltd. (BCL, BB/Stable) may increase the operational overlap with its parent, Beiji …
China’s share of bitcoin mining slumped even before Beijing crackdown
LONDON: China’s share of global bitcoin production power fell sharply even before a recent crackdown by its authorities on cryptocurrency mining, research by the University of Cambridge showed on …
Ericsson no longer banking on China 5G contract wins
Sweden’s Ericsson, caught in the middle of a geopolitical battle between Beijing and the West, said on Friday it was no longer banking on previously anticipated contract wins for 5G tenders in China, …
China’s e-yuan like ‘a double-edged sword’, and mishandling it carries considerable financial risks
Analysts caution that widespread adoption of China’s digital currency must be gradual, as embracing the e-yuan will be ‘an educational process and a cultural shift’.
China’s Economic Outlook Stabilises as Beijing Addresses Financial Risks to Enhance Resilience
China’s financial reforms, more conservative growth objectives and greater tolerance of defaults have made China’s growth model more sustainable, particularly in its capacity to absorb the lingering …
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