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China Home Glut May Worsen as Developers Avoid Price Drop

A reluctance among some developers in China to sell units at prices lower than they could fetch just months ago threatens to cause a swelling in unsold properties, Bloomberg News reported today. The worsening glut would extend a slide in construction tha ...

Daily Headline - abi_admin - 08/06/2014 - 13:31 - 0 comments

Overseas Borrowing Exposes China to U.S. Interest Rate Rises

China's overseas borrowings are leaving the country increasingly vulnerable to a rise in U.S. interest rates, potentially creating funding problems for some companies and tighter conditions for the financial system overall, the Wall Street Journal ...

Daily Headline - abi_admin - 08/05/2014 - 13:00 - 0 comments

China Property Cooling Prompts Revival of Builder Bonds

China’s government is authorizing developer debt sales for the first time in five years in a bid to avoid bankruptcies as the property market cools, Bloomberg News reported. Jiangsu Future Land Co., a builder of homes in eastern China, sold 2 billion yua ...

Daily Headline - global.abi.org - 07/27/2014 - 21:15 - 0 comments

Chinese Investors In Talks To Buy Stake In Failed Icelandic Bank

A group of Chinese investors is in talks with the bankruptcy estate of Icelandic bank Islandsbanki, which was previously known as Glitnir and failed in 2008, over buying a stake in the up-for-sale bank, a finance ministry source said on Thursday. The sou ...

Daily Headline - global.abi.org - 07/24/2014 - 22:05 - 0 comments

China Debt Tops 250% Of National Income

China’s total debt load has climbed to more than two and a half times the size of its economy, underscoring the difficult challenge facing Beijing as it seeks to spur growth without sowing the seeds of a financial crisis, the Financial Times reported ...

Daily Headline - global.abi.org - 07/21/2014 - 18:48 - 0 comments

Chinese Banks Halt Experimental Yuan-Remittance Program

China's major banks have halted an experimental program, sanctioned by the country's central bank, that helped citizens transfer large sums overseas despite government capital controls, according to people with knowledge of the matter, The Wa ...

Daily Headline - global.abi.org - 07/14/2014 - 19:54 - 0 comments

Bank of China Denies Report Alleging Money Laundering Aid

Bank of China Ltd. denied a report by the state broadcaster alleging it broke the nation’s foreign-exchange rules by providing services that help clients move “dirty money” abroad, Bloomberg News reported. Reports by China Central Television and other me ...

Daily Headline - global.abi.org - 07/09/2014 - 22:32 - 0 comments

China Should Let More Ailing Firms Fail - Deputy Central Bank Governor

China should let more ailing firms go bankrupt to help improve economic mechanisms rather than allow them to get government-led bailouts, a deputy central bank governor said on Tuesday, Reuters reported. The risk of corporate failures is rising as econom ...

Daily Headline - global.abi.org - 07/09/2014 - 00:18 - 0 comments

China Changes Bank Loan-to-Deposit Calculation for Growth

Chinese regulators increased banks’ capacity to lend money and bolster the slowing economy by changing the way loan-to-deposit ratios are devised, Bloomberg News reported. Banks from today can include in the calculation negotiable certificates of deposit ...

Daily Headline - global.abi.org - 06/30/2014 - 22:04 - 0 comments

Chinese Bank Discloses Local Government Financing Vehicle Default

In the latest sign of the mounting risks to China’s debt market, a bank for the first time ever reportedly disclosed the default on a loan by a local government financing vehicle, Fox Business News reported. Over the weekend, the 21st Century Business He ...

Daily Headline - global.abi.org - 06/30/2014 - 22:06 - 0 comments

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