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Our millennial-focused articles on how to deal with debt, including credit card payments, banking, debt advice, debt support, creditors and money-saving.
- President Jin Liqun says the bank’s lending will help to cut the debt burden of borrowing countries, with membership having grown to 102 in four years
- He also pledges transparency in bank operations and special efforts to address climate change by boosting green lending to support ‘low carbon’ development
Chinese state-owned fertiliser maker Qinghai Salt Lake Industry is set to post an annual loss of as much as US$6.8 billion for 2019, the largest such loss in the history of China’s stock market, it said in a filing with the Shenzhen Stock Exchange over the weekend.
Chinese state-owned fertiliser maker Qinghai Salt Lake Industry is set to post an annual loss of as much as US$6.8 billion for 2019, the largest such loss in the history of China’s stock market, it said in a filing with the Shenzhen Stock Exchange over the weekend.
We realise retirement is almost literally a lifetime away, but if you’re earning any money at all, it’s never too early to take some expert advice and start sensible saving for the future
We realise retirement is almost literally a lifetime away, but if you’re earning any money at all, it’s never too early to take some expert advice and start sensible saving for the future
China’s sovereign wealth fund and Singapore’s United Overseas Bank are joining a plan to inject US$14 billion of capital to keep a Shandong-based lender afloat as cracks appear among smaller lenders in the world’s second largest economy.
China’s sovereign wealth fund and Singapore’s United Overseas Bank are joining a plan to inject US$14 billion of capital to keep a Shandong-based lender afloat as cracks appear among smaller lenders in the world’s second largest economy.
China’s credit market stress is creating a 185 billion yuan (US$26.4 billion) headache for the nation’s private enterprises as they face the worst funding squeeze in more than two decades.
China’s credit market stress is creating a 185 billion yuan (US$26.4 billion) headache for the nation’s private enterprises as they face the worst funding squeeze in more than two decades.
Peking University Founder Group, controlled by China’s top university, misses payment on a 2 billion yuan (US$283 million) onshore bond, citing liquidity crunch.
Peking University Founder Group, controlled by China’s top university, misses payment on a 2 billion yuan (US$283 million) onshore bond, citing liquidity crunch.
Tunghsu Optoelectronic Technology missed an interest payment on its 1.7 billion yuan (US$241 million) onshore bond on Monday, casting doubt on its ability to service upcoming debt payments.
Tunghsu Optoelectronic Technology missed an interest payment on its 1.7 billion yuan (US$241 million) onshore bond on Monday, casting doubt on its ability to service upcoming debt payments.
Chinese corporate bond defaults are likely to tick up in 2020, while overall credit conditions for the country’s non-financial companies will be negative in the next 12 months, rating agency Moody’s Investor Service said.
Chinese corporate bond defaults are likely to tick up in 2020, while overall credit conditions for the country’s non-financial companies will be negative in the next 12 months, rating agency Moody’s Investor Service said.
Over 200,000 farmers have killed themselves in the past 20 years, despairing of crop losses and debt. Their wives inherit the bills, but often not their land.
Over 200,000 farmers have killed themselves in the past 20 years, despairing of crop losses and debt. Their wives inherit the bills, but often not their land.
S&P Global Ratings says Baoshang Bank may not pay in full the annual interest on its 6.5 billion yuan (US$1 billion) tier two capital bonds due on December 28.
S&P Global Ratings says Baoshang Bank may not pay in full the annual interest on its 6.5 billion yuan (US$1 billion) tier two capital bonds due on December 28.
“In China, only the financial companies and property developers are more profitable than the American firms, which is very unhealthy,” said China Galaxy Securities’ chief economist Liu Feng, who co-authored a new report.
“In China, only the financial companies and property developers are more profitable than the American firms, which is very unhealthy,” said China Galaxy Securities’ chief economist Liu Feng, who co-authored a new report.
China has deployed top financial officials to work as vice-governors in nearly half of the country’s debt-laden provinces amid signs of growing economic risk.
China has deployed top financial officials to work as vice-governors in nearly half of the country’s debt-laden provinces amid signs of growing economic risk.
Private companies in China’s third-largest regional economy could face more troubles amid a liquidity crunch long after a major bond default crisis in 2017, analysts say. The market’s appetite for riskier credit is also waning amid an economic slowdown, hurting refinancing outlook.
Private companies in China’s third-largest regional economy could face more troubles amid a liquidity crunch long after a major bond default crisis in 2017, analysts say. The market’s appetite for riskier credit is also waning amid an economic slowdown, hurting refinancing outlook.
A court in Wenzhou, Zhejiang province, says a local man only has to repay 1.5 per cent of his 2.14 million yuan (US$300,000) of debt to creditors.
A court in Wenzhou, Zhejiang province, says a local man only has to repay 1.5 per cent of his 2.14 million yuan (US$300,000) of debt to creditors.
These convenient loans can seem like an easy fix when you're short on cash. But are they the best solution?
These convenient loans can seem like an easy fix when you're short on cash. But are they the best solution?
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