Topic
Our millennial-focused articles on how to deal with debt, including credit card payments, banking, debt advice, debt support, creditors and money-saving.
Followed by 1.4k people
TOPIC
Our millennial-focused articles on how to deal with debt, including credit card payments, banking, debt advice, debt support, creditors and money-saving.
- HNA Group North America and HNA Training Center NY received between US$350,000 and US$1 million each from the Paycheck Protection Program
- The programme was introduced this year by the US Small Business Administration to help struggling companies pay workers
Troubled Chinese luxury villa developer Tahoe Group is facing pressure from hundreds of customers who fear its projects under construction in Beijing and Shanghai might fail and never be completed.
Troubled Chinese luxury villa developer Tahoe Group is facing pressure from hundreds of customers who fear its projects under construction in Beijing and Shanghai might fail and never be completed.
While Lu hasn’t been accused of wrongdoing, Luckin’s revelation that senior executives may have fabricated US$310 million in sales underscores the risk for investment banks of doing deals in China, following a series of accounting scandals.
While Lu hasn’t been accused of wrongdoing, Luckin’s revelation that senior executives may have fabricated US$310 million in sales underscores the risk for investment banks of doing deals in China, following a series of accounting scandals.
The biggest slump since the Great Depression has distressed debt investors working overtime, but Beijing’s bailouts have laid a minefield for the unwary and delayed some sales of soured loans.
The biggest slump since the Great Depression has distressed debt investors working overtime, but Beijing’s bailouts have laid a minefield for the unwary and delayed some sales of soured loans.
More Chinese credit card borrowers may fall behind on repayments as coronavirus pandemic crushes income.
More Chinese credit card borrowers may fall behind on repayments as coronavirus pandemic crushes income.
Chinese banks are bracing for an unprecedented drop in profits this year as they grapple with the fallout of Covid-19.
Chinese banks are bracing for an unprecedented drop in profits this year as they grapple with the fallout of Covid-19.
Hong Kong’s monetary authority has instructed all banks in the city to grant a six-month loan repayment holiday to small and medium-sized enterprises, in an unprecedented intervention aimed at helping them survive Hong Kong’s worst business slump in decades.
Hong Kong’s monetary authority has instructed all banks in the city to grant a six-month loan repayment holiday to small and medium-sized enterprises, in an unprecedented intervention aimed at helping them survive Hong Kong’s worst business slump in decades.
The economic impact from the coronavirus pandemic is throwing a wrench into the debt workout of HNA Group, one of the biggest asset buyers to emerge from China in the past two decades.
The economic impact from the coronavirus pandemic is throwing a wrench into the debt workout of HNA Group, one of the biggest asset buyers to emerge from China in the past two decades.
The deferment is a relief for West Air’s parent HNA Group, which HNA is under de facto state ward to trim its debt burden, as the government tries to prevent its financial collapse from hurting the broader banking system while the nation’s economic growth slows.
The deferment is a relief for West Air’s parent HNA Group, which HNA is under de facto state ward to trim its debt burden, as the government tries to prevent its financial collapse from hurting the broader banking system while the nation’s economic growth slows.
These entrepreneurs all made a million dollars or more before retiring in their thirties – how are their investments holding up amid the financial storms resulting from the economic impact of coronavirus?
These entrepreneurs all made a million dollars or more before retiring in their thirties – how are their investments holding up amid the financial storms resulting from the economic impact of coronavirus?
Bank of Communication expects non-performing loan level this year to ‘rebound’ from 2019, as coronavirus hit borrowers’ financial health
Bank of Communication expects non-performing loan level this year to ‘rebound’ from 2019, as coronavirus hit borrowers’ financial health
Hong Kong is planning to introduce US Chapter 11-style provisions in its corporate rescue laws to help debt-stricken companies reorganize their finances, after failing to get it passed in various attempts since its British colonial days.
Hong Kong is planning to introduce US Chapter 11-style provisions in its corporate rescue laws to help debt-stricken companies reorganize their finances, after failing to get it passed in various attempts since its British colonial days.
Flybe was already in financial trouble before coronavirus hit. The airline, which connects smaller UK cities, was rescued from near collapse in mid-January, when shareholders agreed to invest more money alongside UK government support for the airline.
Flybe was already in financial trouble before coronavirus hit. The airline, which connects smaller UK cities, was rescued from near collapse in mid-January, when shareholders agreed to invest more money alongside UK government support for the airline.
The weekend reshuffle comes as HNA Group, which owns Hainan Airlines and Hong Kong Airlines among its myriad assets from aviation to hotels, banking and real estate, has come under intense pressure to repay debt that ran to US$108 billion at its 2018 peak.
The weekend reshuffle comes as HNA Group, which owns Hainan Airlines and Hong Kong Airlines among its myriad assets from aviation to hotels, banking and real estate, has come under intense pressure to repay debt that ran to US$108 billion at its 2018 peak.
The last time Hong Kong faced a similar housing crisis was in 2003 during the global Sars outbreak, when 105,000 households were pushed into negative equity, a slump that took 14 years to recover.
The last time Hong Kong faced a similar housing crisis was in 2003 during the global Sars outbreak, when 105,000 households were pushed into negative equity, a slump that took 14 years to recover.
HSBC and Singapore’s biggest banks have warned the coronavirus epidemic could trigger higher loan losses, but most lenders expect the economic effects to be short term.
HSBC and Singapore’s biggest banks have warned the coronavirus epidemic could trigger higher loan losses, but most lenders expect the economic effects to be short term.
This year was meant to be the “decisive year” for HNA, co-founder Chen Feng said in his new year message to employees. But his best-laid plans ran into China’s coronavirus outbreak, as dozens of cities enforced lockdowns that prevented citizens from travelling either domestically, or overseas.
This year was meant to be the “decisive year” for HNA, co-founder Chen Feng said in his new year message to employees. But his best-laid plans ran into China’s coronavirus outbreak, as dozens of cities enforced lockdowns that prevented citizens from travelling either domestically, or overseas.
Capital of Inner Mongolia, Hohhot opened its first underground rail line last month, but the US$2.5 billion project only goes to highlight the problems of China’s debt-financed growth model.
Capital of Inner Mongolia, Hohhot opened its first underground rail line last month, but the US$2.5 billion project only goes to highlight the problems of China’s debt-financed growth model.
President Jin Liqun says the Asian Infrastructure Investment Bank will help to cut the debt burden of borrowing countries, while also addressing climate change.
President Jin Liqun says the Asian Infrastructure Investment Bank will help to cut the debt burden of borrowing countries, while also addressing climate change.
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.