A China Vanke construction site in Hefei. Photo: Bloomberg
China property

Chinese insurers sound the alarm over Vanke debt risks

4 Mar 2024 - 8:25PM

Some of China’s largest insurers are sounding the alarm over the debt risks of China Vanke, according to people familiar with the matter, as shares and bonds of the firm hit record lows on repayment concerns.

A China Vanke construction site in Hefei. Photo: Bloomberg

Chinese insurers sound the alarm over Vanke debt risks

Some of China’s largest insurers are sounding the alarm over the debt risks of China Vanke, according to people familiar with the matter, as shares and bonds of the firm hit record lows on repayment concerns.

4 Mar 2024 - 8:25PM

China slump turns Fortescue from world-beating mining stock to big loser

Earnings at the world’s fourth-largest iron ore miner is forecast to fall by 14 per cent over the next year, the worst pullback compared with peers BHP, Rio Tinto and Vale, according to analyst estimates.

4 Mar 2024 - 11:00AM

More foreign investors to get a crack at China’s repo market in latest tweak

China’s latest act is to invite more foreign players to its US$232 trillion onshore repo market. As a precursor, Hong Kong will treat Chinese government bonds and policy bank bonds as eligible collateral in its yuan liquidity facility.

27 Feb 2024 - 11:19AM
A worker walks past a pile of iron ore from Australia at a port in Tianjin municipality. Photo: Reuters

China slump turns Fortescue from world-beating mining stock to big loser

Earnings at the world’s fourth-largest iron ore miner is forecast to fall by 14 per cent over the next year, the worst pullback compared with peers BHP, Rio Tinto and Vale, according to analyst estimates.

4 Mar 2024 - 11:00AM
Banking & finance

More foreign investors to get a crack at China’s repo market in latest tweak

China’s latest act is to invite more foreign players to its US$232 trillion onshore repo market. As a precursor, Hong Kong will treat Chinese government bonds and policy bank bonds as eligible collateral in its yuan liquidity facility.

China’s latest act is to invite more foreign players to its US$232 trillion onshore repo market. As a precursor, Hong Kong will treat Chinese government bonds and policy bank bonds as eligible collateral in its yuan liquidity facility.

27 Feb 2024 - 11:19AM
Bonds

Energy giant Aramco to issue longer term bonds this year, CFO tells Riyadh forum

Saudi Aramco is poised to issue bonds this year with tenures of 15 to 50 years in a bid to optimise its capital structure, Ziad Al-Murshed, the company’s CFO, said at the Saudi Capital Market Forum in Riyadh on Monday.

Saudi Aramco is poised to issue bonds this year with tenures of 15 to 50 years in a bid to optimise its capital structure, Ziad Al-Murshed, the company’s CFO, said at the Saudi Capital Market Forum in Riyadh on Monday.

19 Feb 2024 - 10:07PM

Hong Kong stocks halt Year of Dragon rally on China rate decision, index letdown

A three-day winning run in the Year of the Dragon has come to an end as tech stocks paced losses. China’s central bank maintained its policy rate, while the Hang Seng Index membership stayed at 82 in the latest review.

19 Feb 2024 - 4:44PM
Hong Kong stocks halt Year of Dragon rally on China rate decision, index letdown

EU to blunt China’s edge on steel exports with world’s first carbon tax

Under the EU Carbon Border Adjustment Mechanism a tax of 6 per cent will be levied on steel in 2026, which will rise to as much as 21 per cent in 2034, Goldman estimates. It is part of the EU’s plan to level the field for domestic producers.

14 Feb 2024 - 8:57PM
EU to blunt China’s edge on steel exports with world’s first carbon tax

Energy giant Aramco to issue longer term bonds this year, CFO tells Riyadh forum

Saudi Aramco is poised to issue bonds this year with tenures of 15 to 50 years in a bid to optimise its capital structure, Ziad Al-Murshed, the company’s CFO, said at the Saudi Capital Market Forum in Riyadh on Monday.

19 Feb 2024 - 10:07PM

Hong Kong stocks halt Year of Dragon rally on China rate decision, index letdown

A three-day winning run in the Year of the Dragon has come to an end as tech stocks paced losses. China’s central bank maintained its policy rate, while the Hang Seng Index membership stayed at 82 in the latest review.

19 Feb 2024 - 4:44PM

EU to blunt China’s edge on steel exports with world’s first carbon tax

Under the EU Carbon Border Adjustment Mechanism a tax of 6 per cent will be levied on steel in 2026, which will rise to as much as 21 per cent in 2034, Goldman estimates. It is part of the EU’s plan to level the field for domestic producers.

14 Feb 2024 - 8:57PM
Commodities | OPINION
Customers browse racks of clothing at a discount shop in Las Vegas, Nevada, US, In May 2022. Photo: AFP

Macroscope | US must ramp up productivity to reduce trade deficit with China

The US economy relies heavily on consumer spending, a growth model that naturally benefits China when so many of the things that Americans buy are made there. Instead of blaming this situation on China, the US must shift its own focus from propping up consumers to supporting productivity-driven growth.

7 Feb 2023 - 3:14AM

The View | Asia can look to alternative meat to satisfy global appetites

As global demand for meat soars, a large-scale shift towards plant-based and lab-grown meat production will be necessary. Already a leading global supplier of clean energy technology, Asia is well-placed to rise to this new challenge in food sustainability.

As global demand for meat soars, a large-scale shift towards plant-based and lab-grown meat production will be necessary. Already a leading global supplier of clean energy technology, Asia is well-placed to rise to this new challenge in food sustainability.

26 Jan 2023 - 11:14PM
Asia can look to alternative meat to satisfy global appetites

Macroscope | Market slump is perfect time to launch climate banks and bonds

Markets have done a bad job of channelling investment into needed areas, especially climate change. Specialised public climate banks, launched from scratch or spun off from development banks, could change all that – and attract the trillions of dollars exiting stocks.

Markets have done a bad job of channelling investment into needed areas, especially climate change. Specialised public climate banks, launched from scratch or spun off from development banks, could change all that – and attract the trillions of dollars exiting stocks.

18 Jul 2022 - 1:30AM
Market slump is perfect time to launch climate banks and bonds

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