China Newsbase
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The China News Database was last updated at 01:50PM on November 9, 2023.
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261 articles matching the search query.
China Huarong’s Journey From Safe Bet to Bad News: A Timeline
China Huarong Asset Management Co.’s picture remains opaque more than three months after a delay to 2020 results kicked off big swings in the company’s bonds and speculation about its future.
China’s Big Banks Drop After Posting Profit Gains of Below 3%
China’s biggest banks fell after posting profit gains of below 3% in the first quarter with policy makers leaning on the lenders to contain debt growth as the economy powers out of the pandemic.
China’s Surprise Bond Reprieve Raises Fears of Crunch in May
Fears of a selloff in China’s sovereign bond market have proved wrong, with traders now bracing for the pressure to build through May.
China Huarong Delays 2020 Results Past April Deadline
China Huarong Asset Management Co. said its 2020 earnings results would be delayed past an April 30 deadline, potentially further fraying investors’ nerves after mounting worries over potential defaults by the state-owned bad-debt manager caused a meltdown in its bonds.
China Considers Supporting Huarong With Central Bank Funds
China is considering a plan that would see the central bank assume more than 100 billion yuan ($15 billion) of assets from China Huarong Asset Management Co., helping the state-owned company clean up its balance sheet and refocus on its core business of managing distressed debt, people familiar with the matter said.
Tencent opens $4bn bond sale amid China debt market turmoil
Issue comes as internet platforms pressured over anti-competitive practices
China’s Very Bad Bank: Inside the Huarong Debt Debacle
It’s been 11 weeks since Lai Xiaomin, the man once known as the God of Wealth, was executed on a cold Friday morning in the Chinese city of Tianjin.
China Considers Shifting Huarong Stake to Sovereign Wealth Fund
China’s finance ministry is considering transferring its stake in China Huarong Asset Management Co. to a unit of the nation’s sovereign wealth fund that invests in financial companies, according to a person familiar with the matter.
China Huarong’s Worsening Bond Rout Stokes Market Contagion
Growing panic over the financial health of one of China’s largest bad-debt managers spilled into the broader market, as traders circulated a Caixin report that openly considered the worst-case scenario for the company.
Evergrande Fails ‘Three Red Lines’ Test as Peers Improve
Evergrande is falling further behind the vast majority of its largest peers in meeting stricter Chinese borrowing limits, raising refinancing risks for the country’s most indebted developer.
EU says it can't help Montenegro on China loan but can on financing
The European Union cannot help EU-hopeful Montenegro repay its debts to China, but can help it complete a highway plan that started with a huge loan from Beijing, the European Commission said on Monday.
Bad debt swells 22% at China's big banks despite recovery
As small businesses struggle, nonperforming loans in 2020 reach $150bn
Evergrande’s Debt by Any Other Name
China’s largest property company has set ambitious debt-reduction targets, but is still building up liabilities and debtlike arrangements.
China’s $2.3 Trillion Hidden Debt Could Climb Even Further
China’s local governments had 14.8 trillion yuan ($2.3 trillion) of hidden debt last year, and the figure could climb even further this year, according to a government-linked think tank.
China in $1.5 Billion Currency Swap Deal as Sri Lanka Seeks to Shun IMF
China signed a currency swap agreement with Sri Lanka as the South Asian nation looks to reduce reliance on the International Monetary Fund before $3.7 billion of foreign debt matures this year.
China’s Focus on Bubble Risks Is a Warning Sign for Stock Market
For investors fretting about an end to the era of cheap and plentiful debt, China just provided another reason to worry.
Evergrande seeks safe descent from $130bn debt mountain
Chinese property developer epitomized sector's credit-fueled growth
Jaguar Land Rover Profit Jumps as China Paces Recovery
Jaguar Land Rover reported a 38% rise in quarterly profit as pent-up demand aided a recovery in markets led by China.
China Delays $245 Million of Kenyan Government Debt Payments
China postponed Kenyan debt repayments due over the next six months, a week after the Paris Club of creditors offered the East African nation similar relief.
China Makes Rating Firm Pay for Debt Defaults for First Time
A Chinese court ruled that a local ratings firm should help compensate some creditors for a construction firm’s 1.4 billion yuan ($216 million) bond defaults three years ago, a first in the country as Beijing raises pressure on agencies to improve their due diligence.