AviaAM Leasing announced that its joint venture with the Henan Civil Aviation Development and Investment Company (HNCA) – AviaAM Financial Leasing China – has brought a $500 million-worth aircraft delivery project to a conclusion. Eight…
Tagged By finance
As China Piles on Debt, Consumers Seek a Piece of the Action
Now, it’s Li Jing’s turn. Ms. Li, a 33-year-old car saleswoman here in the middle of China’s declining industrial zone, is one of the growing millions of Chinese using mortgages and credit cards to finance…
Fitch Ratings is expecting China’s first local government bond defaults, but timing uncertain
There are concerns about the potential for a wave of defaults in China due to high local government debt, which could impact the financial markets and potentially spread a wave of contagion across the global…
China to more closely oversee state firm finance units, sources say
China will create a centralised financing company to oversee billions worth of dollars in funds held by the country’s state-owned enterprises’ finance units, people familiar with the matter said, allowing the government closer supervision of…
China Development Bank Financial Leasing and Unit to Buy Aircraft From Airbus and Boeing
HONG KONG–China Development Bank Financial Leasing Co. Ltd. (>> China Development Bank Fnacl Lsng Co Ltd) said late Friday that it together with its unit in Ireland CDB Aviation Lease Finance DAC, have signed agreements…
Financial market reform crucial to China’s economy
China is expected to further open up its financial market as part of a strategy to expand its economy in the coming years, according to Harvey Schwartz, president and co-chief operating officer of Goldman Sachs…
China’s Leshi Internet plans to buy finance business from affiliate for 3 billion yuan
(Reuters) – The main listed unit of Chinese technology conglomerate LeEco said on Sunday that it plans to buy investment and financial service assets from an affiliate for up to 3 billion yuan ($455.24 million)…
London can play key role in Beijing’s new ‘silk road’, says Bank of China executive
A Bank of China executive has backed the City of London to help manage the risk posed by Beijing’s mammoth infrastructure programme, the belt and road initiative. Sun Yu, general manager of the bank’s London…
Beijing effort and inflation push China debt load down
The International Monetary Fund warned in August that Beijing’s reluctance to rein in borrowing … warned that such a rapid build-up in borrowing has historically ended in financial crisis. Zhu Haibin, chief China economist at…
S&P’s China downgrade may deter forex liberalisation plans
The decision by prominent US financial agency S&P Global Ratings to downgrade China’s sovereign rating is likely to deter some financial liberalisation plans under consideration in Beijing, particularly as the decision was made at a…
The next financial crisis is coming, I just don’t know when
“The Next Financial Crisis”. It lays out numerous possible triggers – a recession; a clumsy central bank unwind; deflation; an asset market crash; a collapse in market liquidity. Triggers could come from Italy, China, Japan…
China’s securities regulator hands out more fines
China’s securities regulator has handed out more fines to punish market violations amid tightened financial supervision in the first eight months of the year. From January to August, the China Securities Regulatory Commission has given…
China should open up financial sector: think tank
China should open its financial sector as it is needed to realize sustainable economic growth, a leading Chinese think tank said Saturday. China has made significant headway in opening up its financial sector over the…
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