Turkish state lender Ziraat Bank said on Monday it had secured $500 million financing with the Export-Import Bank of China.
Tagged By finance
Shadow bank Zhongzhi files for bankruptcy as China’s debt and property crisis deepens
China’s shadow banking conglomerate Zhongzhi Enterprise Group filed for bankruptcy liquidation late on Friday.
Hong Kong leads losses in Asia markets, China shadow bank Zhongzhi files for bankruptcy
The mainland Chinese CSI 300 was down 0.89% after shadow banking conglomerate Zhongzhi Enterprise Group filed for bankruptcy liquidation late Friday.
China seeks to ease video game industry’s fears of another crackdown
Beijing is acting quickly to ease fears of another regulatory crackdown on China’s video game industry, including firing a prominent official and convening consultations on new measures at short …
Australia pushes to reform China-led development bank
The Asian Infrastructure Investment Bank has been criticised for having alleged Chinese Communist Party influence among its upper ranks.
China Says It Caught Foreign Consultant Spying for UK’s MI6
(Bloomberg) — China has detained the head of an overseas consulting firm for allegedly spying on the Asian nation for the British government, putting renewed focus on an industry targeted by …
China forex reserves up to record $3.238 trillion in December: CB
China’s foreign exchange reserves rose in December, official data showed on Sunday, as the dollar fell against other major currencies.
South Korea Watchdog Intensifies Crackdown on China-Linked Notes
South Korea’s regulator will launch a wider probe into local banks and brokers which sold exotic notes linked to Chinese stocks amid concerns that the securities may saddle investors with heavy losses …
Biden, China and the Inter-American Development Bank
For years, in an effort to destabilize our immediate neighborhood, the regime in Beijing has been creeping closer to nations in the Western Hemisphere.
Chinese finance giant Zhongzhi files for bankruptcy: court
Chinese asset management giant Zhongzhi Enterprise Group has filed for bankruptcy and was unable to pay its debts, a Beijing court said on Friday.
China’s Debt Mountain Is Even Bigger Than Feared
Japan’s descent into stagnation is an infamous economic tale known around the world. But at its start, in the early 1990s, it wasn’t abundantly clear what was happening to what was then the world’s No…
China Toxic-Asset Management Firm Goho Says It’s Resolving Debts
Goho Asset Management Co., a distressed-asset management firm backed by the government of China’s Anhui province … distressed assets to rescue troubled businesses and mitigate financial risks, …
Beijing court accepts shadow bank Zhongzhi’s bankruptcy application
Troubled Chinese shadow-banking firm Zhongzhi Enterprise Group’s bankruptcy application has been accepted by a court in Beijing, which would suggest the central government is ready to handle the …
