A Shanghai court on Friday sentenced Chinese- Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record …
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China looking at banks’ real estate loan portfolios as crisis deepens
The property loan portfolios of some local and foreign banks in China are under the regulator’s lens, Reuters reported citing sources.
China jails Canadian tycoon for 13 years for finance crimes
Xiao Jianhua was convicted of misusing billions of dollars of deposits from banks and insurers controlled by his Tomorrow Group and offering bribes to officials, the Shanghai No. 1 Intermediate People …
China sentences billionaire Xiao Jianhua to 13 years in prison, fines group $11.2 billion
BEIJING – A Shanghai court said on Friday (Aug 13) that it had sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and fined his Tomorrow Holdings Co conglomerate a record 55.03 …
China court sentences Chinese-Canadian billionaire Xiao to 13 years in prison
A Shanghai court said on Friday that it had sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and fined his Tomorrow Holding conglomerate 55.03 billion yuan ($8.09 billion).
China offers NE province financial support to restore flood-hit infrastructure
The investment, amounting to 62 million yuan (about 9.11 million U.S. dollars), will be specifically used to restore the infrastructure and public service facilities damaged by heavy rains and floods …
China court sentences Chinese-Canadian billionaire Xiao to 13 years in prison
A Shanghai court said on Friday that it had sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and fined his Tomorrow Holding conglomerate 55.03 billion yuan ($8.09 billion).
Solomon Islands secures US$66mil Chinese loan for Huawei deal
Solomon Islands said Thursday (Aug 18) that it had secured a US$66 million loan from China to fund tech giant Huawei building 161 telecommunications towers across the Pacific nation.
China funds Huawei’s Solomon Islands deal in sign of countries’ deepening ties
China’s Huawei has signed a deal to build 161 telecoms towers across the Solomon Islands in a sign of strengthening ties between the Pacific nation and Beijing just months after they agreed a …
Solomon Islands to borrow nearly $100m from China to deploy more than 100 mobile towers
The Solomon Islands has outlined its intentions to deploy more than 100 cell towers with the help of a loan amounting to $100 million from a Chinese state-owned bank. There’s plans for the deployment …
This Small Island Nation Gets $66 Million China Loan To Fund Huawei Work
Solomon Islands said Thursday that it had secured a $66 million loan from China to fund tech giant Huawei building 161 telecommunications towers across the Pacific nation.
China set to lower lending benchmarks to revive wobbly economy
China is widely expected to lower its benchmark lending rates on Monday, a Reuters survey showed, with a vast majority of participants predicting a deeper cut to the mortgage reference to lift the …
Is China losing the battle to reboot its economy?
Trapped in an endless cycle of lockdowns and challenged by a global downturn, heatwaves and a debt-ravaged property sector, China is struggling to pull itself out of a pandemic-induced economic slump.
