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The China Default Everyone's Waiting For

This might be the year China gets its first four-letter default. Or so says S&P Global Ratings, discussing the possibility that an LGFV, or local government financing vehicle, could finally go belly-up, Bloomberg News reported in a commentary. Why sh ...

Daily Headline - global.abi.org - 01/30/2018 - 23:32 - 0 comments

China's Shadow Banking Curbs Cut Local Borrowers' Lifeline

China’s crackdown on shadow banking is raising concern among bond investors about local borrowers’ ability to make repayments as a record 1.8 trillion yuan ($285 billion) of notes come due this year, Bloomberg News reported. Regulators have stepped up ef ...

Daily Headline - global.abi.org - 01/25/2018 - 23:45 - 0 comments

How China's Crackdown on Conglomerates Is Hitting Their Assets

China’s Communist leadership has tightened the regulatory screws on some of the nation’s largest, private-sector conglomerates in the name of financial stability, Bloomberg News reported. That’s made things a little less stable for investors in some of t ...

Daily Headline - global.abi.org - 01/24/2018 - 21:50 - 0 comments

Cracks Are Showing in China's Shadow Banking Industry

Strains are spreading in China’s $15 trillion shadow banking industry as investors pull back from the debt-like savings products that helped drive leverage to dangerous levels, Bloomberg News reported. Most affected are some $3.8 trillion of so-called tr ...

Daily Headline - global.abi.org - 01/23/2018 - 19:21 - 0 comments

China's Wanda Sells Interests in High-Profile London Property Project

Dalian Wanda Group has agreed to sell its interests in the high-profile London luxury development project, One Nine Elms, for 59 million pounds, the latest in a string of asset sales that underscore financial strains hitting the Chinese conglomerate, the ...

Daily Headline - global.abi.org - 01/17/2018 - 23:55 - 0 comments

HNA Unit Pushes Back Loan Deadline Again for Hong Kong Site

A unit of HNA Group Co. sought more time to complete the arrangement of a second bridge loan it took to finance a luxury real-estate development in Hong Kong as the Chinese conglomerate juggles its borrowings following a debt-fueled acquisition spree, Bl ...

Daily Headline - global.abi.org - 01/16/2018 - 10:09 - 0 comments

China Developers' Best Blue-Chip Passport

instance, has a 0.2 percent chance of defaulting within the coming 12 months, in part because its 31 billion ...

Daily Headline - global.abi.org - 01/09/2018 - 00:09 - 0 comments

HNA Units Missed Payments to More Chinese Banks

Units of HNA Group Co. missed payments due to several Chinese banks in recent weeks, prompting three lenders to freeze some of the borrowers’ unused credit lines, people with knowledge of the matter said. As of Jan. 4, four of the banks still hadn’t coll ...

Daily Headline - global.abi.org - 01/08/2018 - 00:19 - 0 comments

China Property Bonds Seen Facing Highest Default Risk in '18

Bonds from China’s property developers face the biggest risk of default in the nation’s domestic debt market as the government’s funding curbs strain their finances, according to a survey of analysts and traders, Bloomberg News reported. Ten out of 15 re ...

Daily Headline - global.abi.org - 01/04/2018 - 22:29 - 0 comments

Chinese Court Seizes Assets of LeEco Founder

As authorities order an embattled tech entrepreneur back to China to handle his growing financial problems, a local court has seized his assets, the Wall Street Journal reported. LeEco Holdings founder Jia Yueting, whose company’s businesses include ...

Daily Headline - abi_admin - 12/28/2017 - 23:00 - 0 comments

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