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Cosco Shipping Offers $6.3 Billion to Buy Orient Overseas

Cosco Shipping Holdings Co. offered $6.3 billion to acquire the container carrier controlled by former Hong Kong Chief Executive Tung Chee-hwa’s family in a deal that would catapult the mainland Chinese group into world’s third-largest shipping line, Blo ...

Daily Headline - global.abi.org - 07/09/2017 - 22:08 - 0 comments

China Bond Defaults Work Wonders in Introducing Pricing for Risk

Just as global investors get a new channel to access China’s $9.8 trillion onshore bond market, it’s starting to look like one that they might recognize. Gone are the days when China’s corporate debt was all pretty much priced the same, with an implicit ...

Daily Headline - global.abi.org - 07/05/2017 - 22:07 - 0 comments

China's State Secret Laws: Five Unique Risks for Working With SOEs

Despite opening its borders, the Chinese state still controls certain industries through majority or sole ownership. To participate in these industries, multinational companies must often set up equity or contractual joint ventures with state-owned enter ...

Resource Article - twallace@abiwor... - 06/30/2017 - 11:16 - 0 comments - 0 attachments

China Examines Deals Gone Awry to Gauge Banking Risks

China’s banking regulator, which has asked local lenders to provide loan information on the country’s top deal-making companies, is examining examples of acquisitions gone awry by those firms to assess potential risks to the financial sector, people fami ...

Daily Headline - global.abi.org - 06/28/2017 - 21:35 - 0 comments

China Debt Squeeze Has Moody's Awaiting First-Ever Local Default

China may finally be ready to cut the cord when it comes to the country’s troubled local government financing vehicles, Bloomberg News reported. Beijing’s deleveraging drive has seen rules impacting LGFV debt refinancing tightened, spurring a slump in is ...

Daily Headline - global.abi.org - 06/26/2017 - 22:04 - 0 comments

Evergrande $6.6 Billion Bond Deal Shakes Asia Markets

An outsized $6.6bn bond deal by Evergrande, the Chinese developer, risks raising borrowing costs in Asia’s booming bond markets, analysts have warned, following a rare first-day price fall that left buyers of the deal nursing losses of $250m, the Finan ...

Daily Headline - global.abi.org - 06/25/2017 - 22:02 - 0 comments

China Defaults Feared as Firms Confront Short Debt Addiction

China’s leverage crackdown is forcing local companies to confront their addiction to short-term bond sales that they use to roll over debt, Bloomberg News reported. The shock therapy is worsening the outlook for corporate defaults in the second half of t ...

Daily Headline - global.abi.org - 06/13/2017 - 21:58 - 0 comments

Protests Opposing China’s Crackdown on Housing Speculation Swell

Protests against Chinese property controls have grown in intensity in recent weeks, underscoring the challenge for the government in preventing public eruptions of anger as it cracks down on housing speculation, The Wall Street Journal reported. In r ...

Daily Headline - global.abi.org - 06/12/2017 - 22:29 - 0 comments

China’s Huishan Dairy Reveals 2.5 Billion Yuan ‘Discrepancy’ Amid Possible Debt Restructuring

China Huishan Dairy faces a bumpy road ahead in its effort to restructure its hefty debt, as a 2.5 billion yuan “discrepancy” in its cash position implies lingering obscurities over its financial well-being, the South China Morning Post reported. The ...

Daily Headline - global.abi.org - 06/05/2017 - 20:45 - 0 comments

China's $17 Trillion Debt Mountain Isn't as Scary as It Looks

There’s been no shortage of bad news when it comes to China’s massive debt pile, from turbulence in the corporate bond market to last month’s sovereign rating downgrade by Moody’s Investors Service, Bloomberg News reported. But look beyond the negative h ...

Daily Headline - global.abi.org - 06/05/2017 - 20:45 - 0 comments

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