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Spooked by Yuan Drop: China’s Megarich

China’s superrich are nervously watching as the Chinese currency weakens against the dollar, The Wall Street Journal reported. Because of the extreme concentration of money at the apex of Chinese society, national stability rests to an extraordinary ...

Daily Headline - global.abi.org - 02/24/2015 - 20:51 - 0 comments

Chinese Provinces Turn To Old Investment And Easing Playbook

Chinese provincial governments have unveiled ambitious investment plans in recent weeks in a bid to shore up flagging growth, even as the central government in Beijing pledges to reduce the country’s heavy reliance on fixed investment, the Financial Ti ...

Daily Headline - global.abi.org - 02/16/2015 - 17:56 - 0 comments

Kaisa Faces $5.7 Billion of Payments Amid Debt Restructuring

Kaisa Group Holdings Ltd. is seeking to expedite a debt restructuring as the troubled developer said it faces as much as 35.5 billion yuan ($5.7 billion) of repayments to creditors this year, Bloomberg News reported. An initial meeting with onshore lende ...

Daily Headline - global.abi.org - 02/16/2015 - 17:57 - 0 comments

Kaisa Investors Wary on Bond Coupon Payments Next Month

Offshore bond investors of Kaisa Group Holdings Ltd. are becoming increasingly concerned about the risk the troubled Chinese developer embroiled in an anti-graft investigation could miss coupon payments next month, Bloomberg News reported. Kaisa must pay ...

Daily Headline - global.abi.org - 02/12/2015 - 22:22 - 0 comments

China's Dangerous Debt Drag

The idea that China can borrow indefinitely in order to prop up growth simply doesn't wash, Bloomberg View reported in an analysis. In a new report on the world's growing debt glut, McKinsey highlights three huge risks: unsustainably high gover ...

Daily Headline - global.abi.org - 02/09/2015 - 22:26 - 0 comments

China to Crack Down on Tax Collection From Multinational Companies

China’s tax officials plan to step up efforts to collect taxes from multinational corporation in the latest of a series of moves in the last year, mostly against Western companies. The activities have included police raids on the headquarters of companie ...

Daily Headline - global.abi.org - 02/04/2015 - 21:46 - 0 comments

Chinese Province Bucks Earlier Credit Contraction As It Seeks Growth

Beijing may have decided the slowing economy doesn’t require a nationwide stimulus campaign as yet, but that doesn’t mean individual provinces aren’t trying anyway, The Wall Street Journal China Real Time Report blog reported. According to data publi ...

Daily Headline - global.abi.org - 02/03/2015 - 23:13 - 0 comments

Chief's Exit From Kaisa Adds to Its Turmoil

The property developer Kaisa Group said on Monday that its chief executive had resigned — another blow to the embattled company that may become the first Chinese home developer to default on foreign bonds, the International New York Times reported. T ...

Daily Headline - global.abi.org - 02/02/2015 - 23:01 - 0 comments

Struggling China Property Developer Kaisa Says CEO Resigns

Embattled Chinese property developer Kaisa Group, which sold some of its Shanghai assets at the weekend, said on Monday its chief executive officer has resigned, Reuters reported. The company said in a stock exchange notice that Jin Zhigang had quit &quo ...

Daily Headline - global.abi.org - 02/01/2015 - 22:38 - 0 comments

Kaisa's Bonds Jump After Trading Halt In Sunac Shares

Bonds of troubled China property developer Kaisa Group jumped by as much as four points after rival Sunac China Holdings, which has been named in media reports as a potential buyer of its assets, announced a trading suspension, Reuters reported. Kaisa is ...

Daily Headline - global.abi.org - 01/29/2015 - 21:59 - 0 comments

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