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- Fresh comments by People’s Bank of China are the latest example of how Beijing’s increasing focus on financial security is reshaping world’s second-largest economy
- Steps will be taken to enhance monitoring of financial activities of online platforms
The exercise underscores the extent that China’s developers – among the world’s most leveraged, for using debt and loans to finance their massive projects – are being pushed to clean up their books under the government’s campaign to rein in debt, over concerns that defaults and bad debt in the industry could spill over into system risk for banks.
The exercise underscores the extent that China’s developers – among the world’s most leveraged, for using debt and loans to finance their massive projects – are being pushed to clean up their books under the government’s campaign to rein in debt, over concerns that defaults and bad debt in the industry could spill over into system risk for banks.
The Hangzhou court’s ruling sets the precedent for bond underwriters, accounting and law firms to be financially responsible for bondholders’ losses, potentially offering a new road map for handling such cases in the future.
The Hangzhou court’s ruling sets the precedent for bond underwriters, accounting and law firms to be financially responsible for bondholders’ losses, potentially offering a new road map for handling such cases in the future.
The incident appears to be the latest woe for Danke, after being caught in November between angry landlords who were owed their rent and sublet tenants who had paid their deposits but were evicted.
The incident appears to be the latest woe for Danke, after being caught in November between angry landlords who were owed their rent and sublet tenants who had paid their deposits but were evicted.
China’s central bank has hit back at criticism of its regulatory failures by outspoken former finance minister Lou Jiwei over the weekend.
China’s central bank has hit back at criticism of its regulatory failures by outspoken former finance minister Lou Jiwei over the weekend.
A turning point may now be in sight for the creditors of bond defaults, after the Shanghai Financial Court ruled last month to recognise a 2018 verdict in Hong Kong based on a keepwell deed, while Hong Kong and Beijing agreed to mutually recognise arbitration awards.
A turning point may now be in sight for the creditors of bond defaults, after the Shanghai Financial Court ruled last month to recognise a 2018 verdict in Hong Kong based on a keepwell deed, while Hong Kong and Beijing agreed to mutually recognise arbitration awards.
Before the plunge in oil prices and before the country split in two, Khartoum could count on backing from Beijing.
Before the plunge in oil prices and before the country split in two, Khartoum could count on backing from Beijing.
The airport authority’s debt sale took the form of US-dollar perpetual debt, a first for an airport globally.
The airport authority’s debt sale took the form of US-dollar perpetual debt, a first for an airport globally.
The poor economic performance of Tianjin, one of China’s four municipalities, is grabbing national attention as it slowly loses its spot among the country’s top performing regions.
The poor economic performance of Tianjin, one of China’s four municipalities, is grabbing national attention as it slowly loses its spot among the country’s top performing regions.
Chinese Premier Li Keqiang has told provincial governments to be honest about local economic conditions to ensure effective recovery from the coronavirus pandemic.
Chinese Premier Li Keqiang has told provincial governments to be honest about local economic conditions to ensure effective recovery from the coronavirus pandemic.
Yongcheng Coal is being probed for potential violations, including disclosing false information, after failing to make a payment on a 1 billion yuan. The firm, which had been rated AAA by a local rating company and since downgraded to junk.
Yongcheng Coal is being probed for potential violations, including disclosing false information, after failing to make a payment on a 1 billion yuan. The firm, which had been rated AAA by a local rating company and since downgraded to junk.
Analysts are split over whether this year’s record Singles’ Day shopping spree represents a rebound in consumption in China from the Covid-19 pandemic.
Analysts are split over whether this year’s record Singles’ Day shopping spree represents a rebound in consumption in China from the Covid-19 pandemic.
Evergrande, with 835.5 billion yuan of borrowings as of June 30, is attempting to slim down to keep its debt-load within the so-called ‘red lines’ issued by local authorities.
Evergrande, with 835.5 billion yuan of borrowings as of June 30, is attempting to slim down to keep its debt-load within the so-called ‘red lines’ issued by local authorities.