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China Has More Room to Tackle Debt-If It Wants To

Rising corporate profits are providing Chinese policymakers with room to do more to tackle the country’s growing debt problems without inflicting major damage on the economy, the International New York Times reported on a Reuters story. Profits are i ...

Daily Headline - global.abi.org - 08/22/2017 - 16:22 - 0 comments

China's Debt Swaps Surpass $100 Billion

Almost a year after China rolled out steps to rein in soaring corporate leverage, concerns are rising that undeserving companies are benefiting while households are getting saddled with risks, Bloomberg News reported. China unveiled guidelines for debt-t ...

Daily Headline - global.abi.org - 08/20/2017 - 20:43 - 0 comments

China Regulator Says Shadow Banking Crackdown Reaches Initial Targets

China's moves to crack down on illicit banking activities have achieved initial targets and 20 sets of new regulations to increase supervision will be issued this year, the chief of the banking regulator's Prudential Regulation Bureau said on F ...

Daily Headline - global.abi.org - 08/20/2017 - 20:50 - 0 comments

China Money Supply Growth Slips Again as Shadow Banks Curtailed

Growth in China’s broad money supply slipped to a fresh record low, signaling authorities aren’t letting up in their drive to curb excess borrowing and safeguard the financial system, Bloomberg News reported. Authorities pushing to cut excess leverage ha ...

Daily Headline - global.abi.org - 08/15/2017 - 22:00 - 0 comments

China's Economic Speed Bump May Reignite Corporate Bond Defaults

six months of the year, the country actually saw a drop in corporate distress, with 0.27 percent of issuers defaulting, versus 0.55 percent in all of 2016, according to China Lianhe Credit Rating Co. ...

Daily Headline - global.abi.org - 08/14/2017 - 19:37 - 0 comments

China lays groundwork for more foreign investment

China’s outbound direct investment has gone up rapidly year by year but its foreign direct investment growth dropped sharply from 7.9% (in 2015) to 3.9%. The Chinese government responded by rolling out a series of regulations further relaxing regulatory ...

Resource Article - twallace@abiwor... - 08/14/2017 - 14:12 - 0 comments - 0 attachments

Chinese Crackdown on Dealmakers Reflects Xi Power Play

For China’s ruling Communist party, its foreign exchange reserves are a symbol of national strength and are a crucial buffer against economic shocks. So the alarming announcement that forex reserves had fallen below $3tn in January marked a shift in poli ...

Daily Headline - global.abi.org - 08/09/2017 - 21:21 - 0 comments

China Bankruptcies Rise Steadily in 2017 Amid ‘Zombie Firm' Crackdown

Chinese courts handled more than 4,700 bankruptcy cases in the first seven months of 2017, up "steadily" on the same period of 2016 as Beijing stepped up its campaign against 'zombie firms', a senior official with the judiciary said o ...

Daily Headline - global.abi.org - 08/03/2017 - 18:43 - 0 comments

COFCO Eyes Bid for Renuka Sugar Mill in Brazil

Chinese commodities trader COFCO has asked to participate in an auction in Brazil where a sugar mill owned by India's Shree Renuka Sugars Ltd will be sold as part of an in-court debt restructuring, according to court documents seen by Reuters on Tue ...

Daily Headline - global.abi.org - 08/01/2017 - 21:24 - 0 comments

China Inc.'s Next Debt Headache Is $580 Billion of Put Options Coming Due

Chinese companies battling to cope with the government-induced tightening in funding markets are bracing themselves for the next shoe to fall: a wave of early bond redemptions. The nation’s businesses sold about 65 percent of all corporate bonds with put ...

Daily Headline - global.abi.org - 07/31/2017 - 21:58 - 0 comments

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