Results for China
- Chinese Bad-Loan Ratio Rises ‘Significantly,’ Huarong Says
China’s bad-loan ratio rose “significantly” in the first quarter, increasing risks for the nation’s banking industry, according to the nation’s largest manager of soured debt, Bloomberg News reported. The business environment this year has been “grim and ...
Daily Headline - global.abi.org - 04/22/2014 - 21:58 - 0 comments
- Bank Defaults Seen as Dark Side of Deposit Vows: China Credit
Chinese Premier Li Keqiang’s plan to introduce deposit insurance is meant to comfort the nation’s savers as bad loans mount. In the bond market, it’s fueling speculation he’s preparing to let some banks collapse, Bloomberg News reported. Authorities may ...
Daily Headline - global.abi.org - 04/21/2014 - 00:03 - 0 comments
- Beijing Should Bankroll Restructurings, Former PBOC Adviser Says
Facing a growing problem of debt defaults, the Chinese government should deploy 100 billion to 200 billion yuan ($16 billion to $32 billion) this year to help restructure indebted companies, a former adviser to the central bank said Thursday, The Wall ...
Daily Headline - global.abi.org - 04/18/2014 - 00:05 - 0 comments
- China Southern Airlines Warns of First Quarter Loss on Weaker Yuan
China's biggest airline by revenue warned it expects to report a first-quarter net loss, the first sign that the recent weakening of the nation's currency is impacting a major industry, The Wall Street Journal reported. China Southern Airli ...
Daily Headline - global.abi.org - 04/15/2014 - 23:13 - 0 comments
- China Engineers ‘Potemkin Defaults’ To Mask Debt Reality
In the past two months, China has suffered its first domestic bond default in recent history and a series of small bankruptcies that have some investors fretting the country could face its very own “Lehman moment”, the Financial Times reported. But b ...
Daily Headline - global.abi.org - 04/14/2014 - 21:18 - 0 comments
- China Tightens Oversight of Trusts as Default Risk Rises
China’s banking regulator ordered owners of the nation’s 68 trust companies to be prepared to provide funding or sell their stakes as the risk of defaults rises in the $1.9 trillion industry for high-yield investment. The China Banking Regulatory Commiss ...
Daily Headline - global.abi.org - 04/14/2014 - 21:19 - 0 comments
- Desperate For Credit, China Importers Default On Soy Cargoes
Chinese importers have defaulted on at least 500,000 tonnes of U.S. and Brazilian soybean cargoes worth around $300 million, the biggest in a decade, as buyers struggle to get credit amid losses in processing beans. Three companies in the eastern provinc ...
Daily Headline - global.abi.org - 04/10/2014 - 21:25 - 0 comments
- China's Next Bond Default Looms As Polyester Firm Declares Bankruptcy
A small manufacturer of polyester yarn based in China's wealthy Zhejiang province has declared bankruptcy, threatening its ability to meet an interest payment on a high-yield bond due in July, Reuters reported. Zhejiang Huatesi Polymer Technical Co ...
Daily Headline - global.abi.org - 04/08/2014 - 22:33 - 0 comments
- Deadbeat Chinese Shipyards Stick Banks With Default Bill
billion in new orders received last year alone. Buyers pay as much as 80 percent of the purchase price ...
Daily Headline - global.abi.org - 04/06/2014 - 22:30 - 0 comments
- Chaori Says Bondholder Seeks to Force Bankruptcy Restructuring
Shanghai Chaori Solar Energy Science & Technology Co., the first Chinese company to default on corporate bonds onshore, said a bondholder is seeking to force it into bankruptcy restructuring, Bloomberg Businessweek reported. The manufacturer received ...
Daily Headline - global.abi.org - 04/06/2014 - 22:31 - 0 comments