Results for China
- China Faces Debt Crunch As Property Values Fall
One Hong Kong-based hedge fund has accumulated the prospectuses of no fewer than 250 of the trust companies that sit at the heart of the Chinese shadow banking system. These contain virtually no disclosure except on the value of the real estate that back ...
Daily Headline - global.abi.org - 11/18/2014 - 20:57 - 0 comments
- China Bad Loans Jump Most Since 2005 as Economy Cools
China’s bad loans jumped by the most since 2005 in the third quarter, fueling concern that a cooling economy will be further weakened as banks limit lending to avoid credit risks, Bloomberg News reported. Nonperforming loans rose 72.5 billion yuan ($11.8 ...
Daily Headline - global.abi.org - 11/16/2014 - 20:51 - 0 comments
- China’s Property Market Bottoming Out? Not So Fast
China’s property market in October has shown some signs of mild improvement, but now may not be the time to heave a sigh of relief, The Wall Street Journal China Real Time blog reported. The year-on-year slide in housing sales moderated in October to ...
Daily Headline - global.abi.org - 11/13/2014 - 21:08 - 0 comments
- China’s Small Lenders Pull Back As Economy Slows
China’s small-loan providers have virtually halved lending as the slowing economy turns both lenders and borrowers more wary of risk, the Financial Times reported. New loans from China’s 8,591 small-loan providers came to just Rmb89bn ($14.5bn) in th ...
Daily Headline - global.abi.org - 11/04/2014 - 23:15 - 0 comments
- China’s Shadow Banking Sector Growing Rapidly
China’s shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board showed on Thursday, the Irish Times reported. The country vaulted ahead in ...
Daily Headline - global.abi.org - 10/30/2014 - 20:35 - 0 comments
- Chaori Default Proposal Creates More Doubt
Chaori Solar’s default on its Rmb1.09 billion ($195 million) bond may not lead to an acceptable template for resolving similar issues, Finance Asia reported. The Shenzhen-listed solar company, which in March became the first Chinese company to defaul ...
Daily Headline - global.abi.org - 10/28/2014 - 22:03 - 0 comments
- China’s ‘New Normal’ For Consumption
While multinationals have been bleating about tumbling sales in China, official retail data from the world’s second-biggest economy tells a more robust story. What gives? The correct read on Chinese shoppers’ propensity to buy is key both for the compani ...
Daily Headline - global.abi.org - 10/28/2014 - 22:04 - 0 comments
- Troubles in China Rattle Western Banks
When Chinese property developer Agile Property Holdings Ltd. said this month that its chairman was taken into custody by authorities, the disclosure was a shock to Western banks that lent the company money, The Wall Street Journal reported. Foreign l ...
Daily Headline - global.abi.org - 10/26/2014 - 17:43 - 0 comments
- LDK Files Bankruptcy in U.S. Court on China Solar Glut
LDK Solar Co., the Chinese solar-cell maker that defaulted on its bonds this year, filed for bankruptcy in the U.S. to help carry out restructurings already under way in Hong Kong and the Cayman Islands, Bloomberg News reported. Xinyu, China-based LDK fi ...
Daily Headline - global.abi.org - 10/21/2014 - 20:27 - 0 comments
- 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 - 21:16 - 0 comments