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.
HNA Secures Strategic Investors for Hainan Air, Airport Business
HNA Group secured strategic investors for its airline and airport businesses, a key step in the once high-flying Chinese conglomerate’s state-run reorganization and bid to move beyond its debt woes.
Huarong Sues Jushenghua for $650 Million Outstanding Loan
China Huarong Asset Management Co. is suing Shenzhen Jushenghua Co. to accelerate a 4.2 billion yuan ($650 million) outstanding principal payment.
China Lets Evergrande Reset Debt Terms to Ease Cash Crunch
Regulators in Beijing have signed off on a China Evergrande Group proposal to renegotiate payment deadlines with banks and other creditors, paving the way for a temporary reprieve as the cash-strapped developer struggles to come to grips with more than $300 billion of liabilities.
ByteDance Is in Talks for $4 Billion in Loans as IPO Wavers
ByteDance Ltd. is in discussions for about $4 billion in bank loans, according to a person familiar with the matter, as a crackdown on China’s internet sector casts doubt over the timing of its much-anticipated initial public offering.
Evergrande Crisis Means Suppliers Get Paid in Unbuilt Properties
Suppliers of China Evergrande Group are becoming casualties of its deepening liquidity woes.
Evergrande’s Second Downgrade in Two Days Raises Fear of Default
China Evergrande Group shares briefly fell below their 2009 initial public offering price after a second credit-rating downgrade in as many days boosted concern the developer will default on its debt.
China Property Crackdown Alarms Analysts as Economic Risks Grow
Warnings that China’s campaign to cool its property market will go too far are multiplying.
China Economist Warns of Falling Property Prices, Debt Pressure
China should guard against the risk of falling property prices and a potential crisis if home values start dropping below mortgages, a prominent state-linked economist warned.
China Evergrande Says Construction of Some Projects Has Stalled, Warns of Possible Default
The cash-strapped developer said work has been suspended on some of its real-estate projects after it delayed payments to its suppliers and contractors.
China Plays the Long Game in Shift to ‘Cross-Cyclical’ Strategy
The Chinese Communist Party has a new catchphrase to guide its economic policy, a “cross-cyclical” approach that government advisers say means taking action sooner, in smaller steps and with a longer time frame in mind.
China Huarong Remains on CreditWatch at S&P Despite Bailout Deal
China Huarong Asset Management Co. remains on S&P Global Ratings’ watchlist for a possible downgrade, even after the bad-debt manager received a state-led bailout.
Xi Sends Warning to Investors With Delayed Huarong Lifeline
China Huarong Asset Management Co. ultimately proved too big to fail, but its protracted bailout process shows Beijing’s determination to punish creditors who ignore risks in heavily indebted companies.
China Huarong Gets State-Led Bailout After Record 2020 Loss
Government-backed investors will recapitalize China Huarong Asset Management Co. after the bad-debt manager posted a record $15.9 billion loss, ending months of speculation over whether Beijing would deem the troubled financial giant too big to fail.
China Halts New Residential Real Estate Funds Amid Property Crackdown
China is halting private equity funds from raising money to invest in residential property developments, turning off the spigot on one of the last stable funding resorts for the struggling sector.
Chinese Bond Swings Threaten Global Debt Investors
Policy moves in Beijing are hitting Chinese corporate bonds and rippling across global markets through the U.S. and European money managers who loaded up on the securities in recent years.
Dollar Bond Demand in Asia Hits the Lowest Level Since 2019
Investor appetite for dollar bonds in Asia slumped to the lowest level in nearly two years last month, as China’s regulatory crackdowns and the financial woes of China Evergrande Group reverberated across the region.
China Bonds See Worst Rout in a Year on Inflation Data
China’s benchmark sovereign bond yield jumped the most in a year, as quickening inflation sowed doubts about whether the nation’s notes can maintain their world-beating advance.
China Construction Bank Sues Suning for $255 Million on Creditors' Behalf
China Construction Bank Corp. on behalf of creditors sued Suning Appliance Group Co Ltd. to recoup about $255 million lost on debt.
Huarong Plans to Sell Stake in Ant’s Consumer Finance Unit
China Huarong Asset Management Co. is planning to sell its stake in Ant Group Co.’s consumer finance unit, part of the bad-debt manager’s accelerating push to exit non-core businesses.
Huarong to Restructure, Exit Units in Downsizing Push
China Huarong Asset Management Co., the country’s bad-debt manager that has roiled markets with doubts about its future, will exit one unit and restructure another to focus on its core businesses as it seeks to shore up its finances.