Category: MARKET

Posted in MARKET POLICY & REGULATION

China’s thermal coal futures tumbled 47% in eight days, regulators meet to discuss measures to intervene in coal prices

China’s thermal coal futures tumbled for the seventh consecutive trading day on Wednesday as regulators met to discuss…

Posted in MARKET POLICY & REGULATION

One more Chinese property developer missed dollar bond payment, regulators meet companies over foreign debts

Chinese property developer Modern Land (China) Co Ltd said it had missed a debt payment, the latest in…

Posted in MARKET NEWS

China Evergrande paid $83.5 million of overdue offshore bond coupon before 30-day grace period ends

China Evergrande Group paid the $83.5 million interest payment on its offshore bond, just before a 30-day grace…

Posted in MARKET

China’s thermal coal recorded worst week in five months on government intervention

China’s thermal coal futures notched their worst week in five months, after Beijing vowed intervention to boost supply…

Posted in DATA MARKET

China iron ore recovers from four-day loss on lower shipments and arrivals, outlook remains bleak

Benchmark iron ore futures on China’s Dalian Commodity Exchange recovered from four consecutive sessions of losses on Tuesday,…

Posted in MARKET NEWS

Embattled Evergrande sells part stake in Shengjing Bank for 10 billion yuan as more repayment deadlines approach

Embattled property developer China Evergrande Group is selling part of its stake in Shengjing Bank in northeastern China…

Posted in MARKET

Chinese banks rush to disclose lending to Evergrande to soothe investor nerves

Many Chinese banks are disclosing their lending to the embattled China Evergrande Group in a move to prove…

Posted in MARKET

Chinese developer Sinic tumbled 87% in a single day amid broad concerns over property sector

Chinese property developer Sinic Holdings Group’s shares tumbled 87 per cent in Hong Kong before its halted trading…

Posted in MARKET

China Evergrande unit’s bonds go on restricted trading after another rating cut

Trading restrictions were placed on nine onshore bonds sold by the flagship property unit of the troubled China…

Posted in MARKET

China Evergrande warns growing default risks, hires financial advisors to help address debt issues

Embattled property developer China Evergrande Group on Tuesday warned of growing default risks amid plunging home sales and said…

Posted in MARKET

China’s Huaxia Bank halted individual foreign exchange trading business amid currency volatility concerns

A Chinese bank halted its foreign exchange trading business for individual investors, after a number of major Chinese…

Posted in MARKET

Meituan records 77 per cent growth in Q2 revenue, net loss widens due to heavy investment in new initiatives

China’s food delivery and on-demand service giant Meituan reported stronger-than-expected earnings for the second quarter, despite the government’s antitrust…

Posted in MARKET

Guangdong, Shenzhen plan bonds in Hong Kong and Macau, marking first offshore local government debt sales

China’s southern tech hub of Shenzhen and the economic powerhouse Guangdong province plan to issue offshore bonds in…

Posted in MARKET

Xiaomi posts 64 per cent rise in revenue in Q2, snaps up DeepMotion for autonomous driving ambition

Chinese smartphone giant Xiaomi Corp posted a 64 per cent increase in second-quarter revenue, just weeks after the…