Results for China
- China Removes Floor on Lending Rates as Economy Slows
China eliminated the lower limit on lending rates offered by the nation’s financial institutions as growth slows and authorities expand the role of markets in the world’s second-biggest economy, Bloomberg News reported on Saturday. The change, effective ...
Daily Headline - abi_admin - 07/21/2013 - 21:32 - 0 comments
- China Falters in Effort to Boost Consumption
China's push to get consumers to open their wallets more and refocus the economy on domestic consumption is stalling, contributing to lower growth in the second quarter and forecasts of even slower momentum ahead, The Wall Street Journal reporte ...
Daily Headline - global.abi.org - 07/15/2013 - 23:39 - 0 comments
- Wealth Products Threaten China Banks on Ponzi-Scheme Risk
China’s credit crunch in June spurred hundreds of millions of households and companies to divert a record share of their savings into wealth-management products, known as WMPs. The amount of such investments surged eightfold from 2009 to 8.2 trillion yua ...
Daily Headline - global.abi.org - 07/16/2013 - 00:03 - 0 comments
- As China's Economic Pain Increases, So Does Reform Effort
China's reform-minded leaders are more willing than ever to raise the pain threshold for the economy to push through long-term reforms, despite a protracted slowdown that has sparked calls for looser monetary policy, Reuters reported in an analysis. ...
Daily Headline - global.abi.org - 07/14/2013 - 19:33 - 0 comments
- China Tackles Rumors Fed by Its Flailing on Cash Squeeze
China's leaders are struggling not only to calm markets and redirect China's economy, but to address rumors that have sprung up in the absence of clear communication, interviews and internal documents show. The People's Bank of China insti ...
Daily Headline - global.abi.org - 07/01/2013 - 20:07 - 0 comments
- Suntech Strikes Yet Another Deal With Bondholders
China-based solar panel maker Suntech Power Holdings Co Ltd, whose main unit is in insolvency proceedings, said it had struck a deal with a majority of its bondholders to defer payment on a $541 million loan until Aug. 30, the third time the company has ...
Daily Headline - global.abi.org - 06/30/2013 - 21:33 - 0 comments
- Global Insight: Charities in Financial Trouble, Revlon Duties & 363 Sales, Asserting Offshore Interests & More in the Q2 2013 Issue
In this latest issue of Global Insight, our global Restructuring team reports and comments on breaking legal developments in restructuring law across borders and in jurisdictions around the world. http://viewer.zmags.com/publication/a8d990fd#/a8d9 ...
Resource Article - twallace@abiwor... - 09/20/2013 - 09:02 - 0 comments - 1 attachment
- China’s About Face With Banks Eases Fears Of Crisis
It is official: the Chinese central bank does not want to trigger its own credit crisis, the Financial Times reported. After two weeks of starving the financial system of cash and telling banks to clean up their own mess, the People’s Bank of China s ...
Daily Headline - global.abi.org - 06/25/2013 - 20:23 - 0 comments
- Canadian Regulator Targets Ernst & Young Over Chinese Firm
Canada's biggest securities regulator accused Ernst & Young LLP of failing to properly audit the financial statements of Zungui Haixi Corp. ahead of the Chinese shoe maker completing a 39.8 million Canadian dollar ($38.1 million) initial public ...
Daily Headline - global.abi.org - 06/24/2013 - 21:19 - 0 comments
- Credit Tightens in China as Central Bank Takes a Hard Line
China’s financial system is in the throes of a cash squeeze as the government tries to restructure the economy and punish speculators, with interbank lending rates spiking on Thursday and bank-to-bank borrowing nearly stalled, the International Herald ...
Daily Headline - global.abi.org - 06/20/2013 - 21:12 - 0 comments