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Kaisa Takeover Bid by Sunac Is Dropped

Kaisa Group, the troubled Chinese property developer, needs another lifeline, the International New York Times DealBook blog reported. On Thursday, the only serious offer for the company evaporated, as Sunac China Holdings abandoned its proposed $1.2 ...

Daily Headline - global.abi.org - 05/28/2015 - 18:55 - 0 comments

China Imposes Largest Fine to Date for False Advertising

Chinese authorities have imposed a fine of approximately $1 million US on consumer goods giant Proctor & Gamble (P&G) for false advertising. The penalty is the largest-ever fine for false advertising in China and demonstrates a desire by Chinese ...

Resource Article - abi_admin - 05/28/2015 - 14:08 - 0 comments - 0 attachments

Amid China Slowdown, Foreign Creditors Face Bankruptcy Riddle

As China's economy slows and Beijing becomes more relaxed about letting its companies fail, a rising number of foreign bondholders risk being caught up in the country's unpredictable court system, Reuters reported. Last month, solar producer Ba ...

Daily Headline - global.abi.org - 05/17/2015 - 22:53 - 0 comments

Gloomy China Data Prompt Talk Of Fresh Stimulus

The Chinese economy continued to slow in April, prompting predictions of more fiscal and monetary stimulus from Beijing, much of which is likely to end up in the booming domestic stock market, the Financial Times reported. Fixed asset investment, a k ...

Daily Headline - global.abi.org - 05/13/2015 - 22:28 - 0 comments

Next Up for China’s Central Bank: How to Get Loans to Small Firms

Having delivered an interest-rate cut to help big state-owned companies and local governments cope with debilitating debt, China’s central bank is grappling with another thorny task: how to steer credit to the private businesses Beijing deems crucial to ...

Daily Headline - global.abi.org - 05/11/2015 - 22:13 - 0 comments

China Cuts Interest Rates as Economic Growth Slows

China cut interest rates for the third time in six months amid a worse-than-expected economic slowdown, as authorities scramble to ease the heavy debt burdens of companies and governments. The People’s Bank of China said Sunday it would shave a quarter o ...

Daily Headline - global.abi.org - 05/10/2015 - 22:14 - 0 comments

China’s Anbang in Talks to Buy German Real Estate Lender PBB

Anbang Insurance Group of China is in talks to buy the large real-estate arm of the failed German lender Hypo Real Estate AG, in a potential billion-euro deal that would expand a global shopping spree by the Beijing-based firm, according to people famili ...

Daily Headline - global.abi.org - 05/10/2015 - 22:15 - 0 comments

China’s Anbang in Talks to Buy German Real Estate Lender PBB

Anbang Insurance Group of China is in talks to buy the large real-estate arm of the failed German lender Hypo Real Estate AG, in a potential billion-euro deal that would expand a global shopping spree by the Beijing-based firm, according to people famili ...

Daily Headline - global.abi.org - 05/07/2015 - 22:42 - 0 comments

Origins of Chinese Bond Default Buried in Accounting Footnotes

Investors still wondering how Kaisa Group Holdings Ltd. doubled its debt in six months and triggered China’s first property bond default may want to read page 63 of its 2014 interim report. There, in footnote No. 15 of the Shenzhen-based company’s balanc ...

Daily Headline - global.abi.org - 05/06/2015 - 22:34 - 0 comments

China Readies Fresh Easing to Tackle Specter of Debt

China’s central bank is readying its most aggressive easing tool since it launched a massive stimulus plan in 2008 to counter the global financial crisis, in a bid to help one of the government’s most important economic-rescue initiatives get off the gro ...

Daily Headline - global.abi.org - 04/28/2015 - 21:55 - 0 comments

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