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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

Fosun Ups Bid For Portugal's Espirito Santo Healthcare Unit

China's Fosun International Ltd has upped its bid for Portugal's Espirito Santo Saude (ESS) to 4.82 euros a share or 460.5 million euros ($584 million) in total, stepping up the battle over the hospital business of the indebted Espirito Santo f ...

Daily Headline - global.abi.org - 09/28/2014 - 21:05 - 0 comments

China Slowdown Threatens Timetable For Financial Reform

China is likely to delay its financial reform agenda in favour of stabilising growth, economists and investors say, in a move that could hinder efforts to correct distortions in the economy, the Financial Times reported. Deregulation of interest rate ...

Daily Headline - global.abi.org - 09/28/2014 - 21:07 - 0 comments

China Uncovers Almost $10 Billion in Fraudulent Trade-Financing Deals

A Chinese probe into trade financing found nearly $10 billion in fake deals, a senior official said, in the latest warning over practices that raised concern over potential losses among foreign and Chinese banks this year. The Wall Street Journal rep ...

Daily Headline - global.abi.org - 09/25/2014 - 22:27 - 0 comments

China’s Big Four Banks May Ease Mortgage Policies

China’s four biggest banks may ease mortgage lending, the latest in a series of policy steps aimed at supporting the country’s sliding property market, the 21st Century Business Herald reported yesterday, Bloomberg News reported. Criteria for loans to fi ...

Daily Headline - global.abi.org - 09/22/2014 - 22:34 - 0 comments

China Risks ‘Balance-Sheet Recession’ As Stimulus Impact Wanes

China has launched a fresh effort to boost its flagging economy with cash injections by the central bank, but signs are mounting that monetary stimulus is losing its effectiveness as debt-ridden companies lose their appetite for borrowing even at low rat ...

Daily Headline - global.abi.org - 09/21/2014 - 19:25 - 0 comments

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