Results for China
- Failed China Schemes Pull Down Hundreds Of Thousands Of Investors
Local financing networks are unravelling across China as the economic slowdown bites into one of the weakest but most enduring links in the financial system — pulling hundreds of thousands of investors down with it, the Financial Times reported. Thes ...
Daily Headline - global.abi.org - 09/22/2015 - 21:24 - 0 comments
- China Said to Suspect Citic Illegally Profited From Stock Rescue
A Chinese probe found evidence that Citic Securities Co., the nation’s biggest brokerage, engaged in insider trading connected to the government’s rescue of the stock market, people familiar with the matter said, Bloomberg News reported. A preliminary in ...
Daily Headline - global.abi.org - 09/22/2015 - 21:26 - 0 comments
- Baoding Tianwei Group to File for Bankruptcy After April Default
Baoding Tianwei Group Co. and three of its business units are filing for bankruptcy, five months after the maker of electrical transformers became the first state-owned Chinese company to default on an onshore bond, Bloomberg News reported. Tianwei and i ...
Daily Headline - global.abi.org - 09/20/2015 - 19:53 - 0 comments
- Citic Securities, a Pillar of Finance in China, Is in Beijing’s Cross Hairs
With its market dominance, banking talent, global ambition and sterling political connections, Citic Securities fancied itself the Goldman Sachs of China, the International New York Times reported. Citic Securities, the brokerage arm of the biggest s ...
Daily Headline - global.abi.org - 09/17/2015 - 21:15 - 0 comments
- Doubts Rise Over China’s Official GDP Growth Rate
The view that China is growing far slower than official figures show is increasingly going mainstream, with big global investors among those now basing decisions on a rate of about 5 per cent, the Financial Times reported. According to government sta ...
Daily Headline - global.abi.org - 09/16/2015 - 21:59 - 0 comments
- China Braces for Second Onshore Bond Default by State Firm
China National Erzhong Group Co. may miss an interest payment later this month after one of its creditors filed a restructuring request, putting it at risk of becoming the second state-owned company to default in the nation’s onshore bond market, Bloombe ...
Daily Headline - abi_admin - 09/15/2015 - 11:24 - 0 comments
- Adviser on Chinese Reverse Mergers Is Charged in a Securities Fraud Case
Benjamin Wey was arrested by the FBI at his Manhattan home on Thursday and charged him with securities fraud, wire fraud, conspiracy and money laundering in an eight-count indictment unsealed in a federal court in Manhattan, the New York Times report ...
Daily Headline - abi_admin - 09/14/2015 - 11:33 - 0 comments
- China's Yuan Jumps Offshore In Suspected Intervention
China's yuan shot higher in offshore markets on Thursday on suspected rare intervention by Chinese state banks that was seen as a bold gesture by authorities to shake out speculators betting against the currency. The intervention caught the market w ...
Daily Headline - global.abi.org - 09/10/2015 - 21:03 - 0 comments
- Oil Default Wave Seen Spreading to China With 40-Cent Bonds
The wave of defaults and debt restructuring hurting oil bonds around the world looks set to reach China, Bloomberg News reported. Notes of oil services firms are the nation’s worst performers this quarter with a 5.9 percent slide amid record industry deb ...
Daily Headline - global.abi.org - 09/09/2015 - 20:13 - 0 comments
- Chinese Banks Demand Tianwei Repay Bonds Early After Default
Industrial Bank Co. and Huaxia Bank Co. asked Baoding Tianwei Group Co., a Chinese maker of power transformers, to repay two bonds early after it became the first state-owned enterprise to default on onshore debt in April, Bloomberg News reported. Indust ...
Daily Headline - global.abi.org - 09/08/2015 - 19:49 - 0 comments