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Less Soured Debt Is the Least of Cinda's Worries

0.67 times, well below the one times at which it was listed at the end of 2013. Rival China Huarong Asset Management Co. is trading at a 0.95 times multiple. Read more. (China) As recently ...

Daily Headline - global.abi.org - 05/25/2017 - 17:36 - 0 comments

Bank of China Main Backer as ChemChina Raises $20 Billion for Syngenta Deal

ChemChina has raised $20 billion (15.4 billion pounds) mainly in perpetual bonds to finance its purchase of Swiss seeds firm Syngenta, with Bank of China becoming the single largest investor providing half of that funding, according to a regulatory filin ...

Daily Headline - global.abi.org - 05/25/2017 - 17:37 - 0 comments

China's Downgrade Could Lead to a Mountain of Debt

The downgrade of China’s debt by Moody’s Investors Service may push Chinese companies to borrow even more money from domestic banks as overseas debt becomes more expensive, increasing risks for the nation’s finance industry, Bloomberg News reported. With ...

Daily Headline - global.abi.org - 05/24/2017 - 22:40 - 0 comments

China's LeEco Founder Cedes Control of Listed Unit Amid Cash Crunch

The founder of LeEco, a Chinese Netflix-to-Tesla-like conglomerate, has stepped down as the CEO of the group's main listed unit, as the company begins to streamline and cut debt after rapid expansion led to a cash crunch, the International New Yor ...

Daily Headline - global.abi.org - 05/23/2017 - 00:03 - 0 comments

China Faces ‘Acid Test’ Over Credit Bubble

For global investors and, indeed commentators, China remains a fascinating subject and one that carries a health warning, the Financial Times reported. Nearly a third of fund managers say the recent tightening of credit by authorities in Beijing, who ...

Daily Headline - global.abi.org - 05/18/2017 - 22:09 - 0 comments

China Yield Curve Inverted as Regulators Target Leverage Risk

The yield on Chinese five-year government bonds hit its highest since 2014 on Friday, as tight liquidity and a regulatory crackdown on leveraged investment caused a rarely seen inversion of the yield curve, the Financial Times reported. Bond yields, ...

Daily Headline - global.abi.org - 05/14/2017 - 22:38 - 0 comments

Is China Really Deleveraging?

There's growing evidence that China is finally scaling back its epic borrowing binge. That's important for a lot of reasons, not least for reducing risk and avoiding a financial crisis, a Bloomberg View reported. The question is whether the gov ...

Daily Headline - global.abi.org - 05/11/2017 - 22:04 - 0 comments

China foreign-invested banks: Circular removes restrictions and clarifies uncertainties

On 10 March, 2017, the China Banking Regulatory Commission (CBRC) issued the Circular of the General Office of CBRC on Matters Concerning the Operation of Certain Businesses by Foreign-invested Banks (the Circular) which took immediate effect. The Circul ...

Resource Article - twallace@abiwor... - 05/11/2017 - 09:38 - 0 comments - 0 attachments

Think China Home Prices Can't Topple? Think Again

A tightening of leverage, coupled with soaring land costs, looks set to end the home price windfall that China's developers have enjoyed this year.Prices of new dwellings, excluding government-subsidized housing, gained in March in 62 of the 70 citi ...

Daily Headline - global.abi.org - 05/09/2017 - 22:56 - 0 comments

Regulator in China Takes Aim at Anbang Insurance Group

A Chinese regulator announced on Friday that it had taken disciplinary measures against the Anbang Insurance Group, a financial behemoth that has tried to invest tens of billions of dollars overseas, for the improper sale of two investment products, the ...

Daily Headline - global.abi.org - 05/07/2017 - 22:19 - 0 comments

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