Results for China
- China’s Shadow Banking Sector Growing Rapidly
China’s shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board showed on Thursday, the Irish Times reported. The country vaulted ahead in ...
Daily Headline - global.abi.org - 10/30/2014 - 21:35 - 0 comments
- Chaori Default Proposal Creates More Doubt
Chaori Solar’s default on its Rmb1.09 billion ($195 million) bond may not lead to an acceptable template for resolving similar issues, Finance Asia reported. The Shenzhen-listed solar company, which in March became the first Chinese company to defaul ...
Daily Headline - global.abi.org - 10/28/2014 - 23:03 - 0 comments
- China’s ‘New Normal’ For Consumption
While multinationals have been bleating about tumbling sales in China, official retail data from the world’s second-biggest economy tells a more robust story. What gives? The correct read on Chinese shoppers’ propensity to buy is key both for the compani ...
Daily Headline - global.abi.org - 10/28/2014 - 23:04 - 0 comments
- Troubles in China Rattle Western Banks
When Chinese property developer Agile Property Holdings Ltd. said this month that its chairman was taken into custody by authorities, the disclosure was a shock to Western banks that lent the company money, The Wall Street Journal reported. Foreign l ...
Daily Headline - global.abi.org - 10/26/2014 - 18:43 - 0 comments
- LDK Files Bankruptcy in U.S. Court on China Solar Glut
LDK Solar Co., the Chinese solar-cell maker that defaulted on its bonds this year, filed for bankruptcy in the U.S. to help carry out restructurings already under way in Hong Kong and the Cayman Islands, Bloomberg News reported. Xinyu, China-based LDK fi ...
Daily Headline - global.abi.org - 10/21/2014 - 21:27 - 0 comments
- China Easing Home Loans No Panacea for Sliding Market
China is lowering down payment requirements and discounting mortgages as declining housing sales put a drag on the economy, Bloomberg News reported. After four years of government restrictions to cool housing prices that had tripled since 2000, the centr ...
Daily Headline - global.abi.org - 10/15/2014 - 22:16 - 0 comments
- Agile Property Holdings of China Seeks Loan Extension
The Chinese developer Agile Property Holdings, battling an industry slowdown and speculation about ties to China’s former security chief, said that it was in talks with banks about extending a bridge loan and that the founder’s family would commit to len ...
Daily Headline - global.abi.org - 10/13/2014 - 22:00 - 0 comments
- China Sets Rules For Local Debt Revamp
China has taken a big step towards the resolution of its mounting local government debt burden with the introduction of a legal framework allowing cities and provinces to issue debt directly, Reuters reported. Last week's regulations make it clear t ...
Daily Headline - global.abi.org - 10/09/2014 - 22:37 - 0 comments
- Shanghai Chaori Unveils Closely Watched Restructuring Plan
Shanghai Chaori Solar Energy Science & Technology Co., which earlier this year became the first Chinese company to default on its domestic corporate bonds, plans to bring in a new controlling shareholder and two bond guarantors, The Wall Street Jou ...
Daily Headline - global.abi.org - 10/08/2014 - 22:14 - 0 comments
- China Tries To Avert Property Doom With New Policies
China stepped up its efforts on Tuesday to transform doomsday scenarios for its domestic property market into merely another round of déjà vu. The central bank reinforced efforts to boost mortgage lending by banks, building on the small but significant t ...
Daily Headline - global.abi.org - 09/30/2014 - 23:04 - 0 comments