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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

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