Chinese property developer Yida China is battling to avoid defaulting on its debt as the coronavirus pandemic slams sales, borrowing costs spiral and police detain a director on suspicion of … ( read original story…
Tagged By finance
BRIEF-Bank Of China Gets Approval To Invest To Establish BOC Financial Leasing
BOC FINANCIAL LEASING IS PROPOSED TO BE INCORPORATED IN CHONGQING WITH REGISTERED CAPITAL OF RMB10.8 BILLION Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust … ( read original story …)
China’s Coronavirus-Era Accounting Scandals May Not Be the Last
Downturns have long been catalysts for bringing previously hidden accounting scandals to light. When the good times are rolling, it’s far easier for tech darlings and other fast-growing startups to … ( read original story…
Against China, Play A Very Long Game
To simply keep up with China, let alone take the lead, we need to get our act together—really together—as in a close partnership between Washington and in the private sector. That means developing a ……
Germany May Extend Curbs; China Hits Out at Trump: Virus Update
The European Commission has drawn up plans for a partial lifting of restrictions, but warned that some restrictions will remain until a vaccine or cure is found. Germany is set to extend curbs even ……
China reports fewer coronavirus cases but infections from Russia a worry
China reported on Wednesday a decline in new confirmed cases of the coronavirus in the mainland, although an increasing number of local transmissions in its far northeast bordering Russia remained a … ( read original…
China cuts medium-term borrowing costs by 20 bps, steps up fight against pandemic
The move should pave the way for a similar reduction to the country’s benchmark loan prime rate (LPR), which will be announced on the 20th, to lower financing costs for companies hit by pandemic. The…
China’s Tianqi Lithium faces further loss, eyes stake sales
Tianqi Lithium 002466.SZ, one of the world’s top producers of the commodity used in batteries for electric vehicles, expects to post a net l … ( read original story …)
China’s EV Slowdown Deepens Debt Woes at Top Lithium Supplier
The global health crisis has deepened financial troubles at one of China’s biggest producers of lithium used in electric vehicle batteries. ( read original story …)
China’s `Aircraft Carrier’ Can’t Sink Wall Street
A planned merger between China’s two biggest brokerages is a sign that firms are worried about the impending arrival of wholly owned foreign competitors. They should be.China has started the process … ( read original story…
Key Part of China Shadow Banking Faces Doubling of Defaults
China’s $3 trillion trust industry, a key alternative source of funds for weaker companies, risks sending shock waves through the nation’s financial system with defaults among its investment products … ( read original story …)
China Trims Funding Costs, Adds Liquidity to Banking System
China’s central bank cut interest rates and injected $14 billion into the financial system, bolstering measures aimed at countering the economic fallout from the coronavirus pandemic. ( read original story …)
Wall Street’s Biggest-Ever China Bet Rides on These Bankers
And Todd Leland at Goldman Sachs Group Inc. sees “infinite growth” in asset management. For the executives leading Wall Street’s charge into China, the race is officially on to tap one of the biggest ……
