Those expectations were dashed as early as May when it became clear the recovery had faltered, mainly because of the severity of the crisis in the all-important property sector. Excessive …
Asian bonds with credit ratings near distressed territory have grown as a proportion of the regional high-yield universe since mid-2021, according to a Morningstar report, primarily on account of China’s …
Ping An Insurance-backed financial services provider Lufax Holdings is set to acquire Hong Kong virtual lender Ping An OneConnect Bank (PAOB) from OneConnect Fintech Technology for HK$933 million (US$119.5 million). …
State-owned Chinese developer Lujiazui Corp has vowed to safeguard the interests of its shareholders as it seeks more than 10 billion yuan (US$1.37 billion) in compensation for what it claims …
Indebted Chinese developer Country Garden on Friday reported that its October sales remained near a punishing low established in September amid a collapse of buyer confidence that has pummelled the …
Ping An Insurance (Group) has denied a Reuters report citing sources that Beijing has asked it to take over Country Garden Holdings and assume the beleaguered property developer’s debts, according …
The founder and chairman of indebted property developer Country Garden top a list of 34 Chinese business magnates who each promised to give away at least 100 million yuan (US$13.7 …
“[The chief minister would] come in for an audience, brief [the Sultan] where his majesty would then give his honest opinion,” said Tunku Ismail on how the government operates in …
As China’s property sector – once a steadfast contributor to a sizeable chunk of the country’s gross domestic product (GDP) – becomes a less reliable growth driver under a cloud …
Be grateful for small mercies. Last week, Citigroup’s Economic Surprise Index – a gauge that measures how often economic data comes in above or below expectations – swung back into …