China Evergrande responds strongly in real estate debt war

China Evergrande responds strongly in real estate debt war

(ATF) Real estate giant China Evergrande ( 03333.HK ) announced today – Sept 17 – that in order to reduce its debt levels and financing costs, the company will make an early payment of US$1.565 billion on bonds, which is equivalent to 10.6 billion yuan. This debt repayment has set ...

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CCP announces plan to take control of China's private sector

CCP announces plan to take control of China's private sector

(ATF) Chinese President Xi Jinping and the Communist Party's Central Committee have laid out a plan for a ‘new era’ in which the party has better control over private business in China. The plan was detailed in a 5,000-word statement – and all regions and departments in the country have ...

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HNA boss barred from flying, going on vacation over $5,300 debt

HNA Group boss barred from flying, vacationing over $5,300 debt

BEIJING: The chairman of cash-strapped HNA Group has been barred from taking flights and high-speed trains and going on vacations due to the Chinese conglomerate's failure to pay a court-ordered $5,300 in a lawsuit, a court document showed. The once high-flying company, which owns Hainan Airlines, is in the midst ...

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Chinese automakers announce targets to raise hydrogen vehicle sales

Chinese automakers announce targets to raise hydrogen vehicle sales

Chinese carmakers have announced plans to increase sales of hydrogen fuel cell vehicles, a niche segment in the world's biggest auto market, and the government is expected to announce supportive new policies, possibly as early as this month. SAIC Motor, China's biggest automaker which has partnerships with Volkswagen AG and ...

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China begins era of strict supervision of financial holding companies

China begins era of strict supervision of financial holding companies

(ATF) An era of strict supervision of financial holding companies has officially arrived in China following a series of announcements from central finance authorities. On Sunday September 13, the State Council announced a series of measures to regulate financial holding companies. The most significant measures is that all such companies ...

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EU companies fear 'punishment' amid China-Europe tensions

EU companies fear 'punishment' amid China-Europe tensions

European companies in China are increasingly afraid of "arbitrary punishment" amid a more politicised business environment, a European business industry group said on Thursday. The annual report of the European Chamber of Commerce in China also highlighted concerns about travel restrictions imposed on foreign workers because of the Covid-19 pandemic ...

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Shanghai exchange set to review Ant listing application

Shanghai exchange set to review Ant listing application

Chinese financial technology firm Ant Group's application for a local IPO on a Nasdaq-style market will be reviewed on Sept. 18, the Shanghai stock exchange said on Wednesday, bringing the company closer to its up to $30 billion dual-listing. Ant, backed by Chinese e-commerce giant Alibaba, plans to list simultaneously ...

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