Results for China
- Dim Sum Debt Revival Hinges on Yuan Stability Amid Default Risks
A four-month rally in offshore yuan bonds has helped issuance almost double this quarter. Further gains may depend on whether China can limit currency losses and defaults, Bloomberg News reported. Offerings of yuan debt outside China jumped to 23.8 billi ...
Daily Headline - global.abi.org - 05/25/2016 - 00:43 - 0 comments
- Kaisa’s Debt Restructuring Passes Critical Stage
Kaisa Group, the Shenzhen-based property developer which defaulted on its US dollar-denominated bonds, has reached a milestone in its yearlong debt restructuring negotiations after a plan was formally approved by bondholders, the South China Morning Po ...
Daily Headline - global.abi.org - 05/24/2016 - 00:25 - 0 comments
- China Steps Up War On Banks’ Bad Debt
Beijing has stepped up its battle against bad debt in China’s banking system, with a state-led debt-for-equity scheme surging in value by about $100bn in the past two months alone, the Financial Times reported. The government-led programme, which for ...
Daily Headline - global.abi.org - 05/22/2016 - 21:07 - 0 comments
- China Plans to Get Tough on Corporate Tax Evasion
China is joining an international effort to tackle tax evasion, with plans to require multinationals to disclose more detailed information on their overseas affiliates, according to taxation consultants who advised the government on the new rules, The ...
Daily Headline - global.abi.org - 05/18/2016 - 21:01 - 0 comments
- Beijing’s Supply-Side Struggle
Xi Jinping has called for the Communist Party to “resolutely push forward supply-side structural reform,” the People’s Daily reported Monday. Last week the Party mouthpiece carried two manifestos for reform, an interview with an anonymous “authoritative ...
Daily Headline - global.abi.org - 05/17/2016 - 22:22 - 0 comments
- China’s Central Bank Investigates Bad Loan Data At Banks
China’s central bank is investigating the accuracy of non-performing loans (NPLs) data at banks, people with direct knowledge of the matter told Reuters on Monday. The development underlines policymakers’ concerns about rising debt in the country. Specif ...
Daily Headline - global.abi.org - 05/16/2016 - 21:16 - 0 comments
- China Admits Overcapacity Not Yet Falling in Bloated Steel Sector
Massive overcapacity in China's steel industry is not yet falling, a vice minister said on Monday, as the country's leading steel companies conceded that current output was unsustainable and blamed the restart of mills previously shut, the In ...
Daily Headline - global.abi.org - 05/16/2016 - 21:17 - 0 comments
- China Debtor Calls On Central Bank To Provide Debt Guarantee
Implicit guarantees are ubiquitous in China, but one company went a step further when it appealed to the central bank to give an explicit reassurance to creditors that the government will not permit any default, the Financial Times reported. China Ci ...
Daily Headline - global.abi.org - 05/15/2016 - 21:04 - 0 comments
- China April Slowdown Shows Debt Addiction Will Be Tough to Shake
China’s run of disappointing April data underscore the bind facing policy makers seeking to cut capacity from the worst-performing sectors and curb credit excesses in recovering ones without stalling the economy. Bloomberg’s monthly gross domestic produc ...
Daily Headline - global.abi.org - 05/15/2016 - 21:05 - 0 comments
- China Party Mouthpiece Echoes Soros’ Debt Fears
Ao maybe George Soros was on to something after all, the Financial Times reported in an insight. On Monday the People’s Daily, the Chinese Communist party’s flagship newspaper, published a front-page interview with an “authoritative figure” who warne ...
Daily Headline - global.abi.org - 05/11/2016 - 22:42 - 0 comments