Category: MARKET
Many property companies default on commercial paper repayments amid liquidity crunch
A number of Chinese real estate companies have repeatedly defaulted on commercial paper payments amid a sector-wide liquidity crunch and that has made it difficult…
China’s state-backed Big Fund cut holdings in chipmakers after the sector’s strong rally, Phase II accelerates investment with focus on upstream
The state-backed China Integrated Circuit Industry Investment Fund, known as “The Big Fund”, will cut holdings in Hunan Goke Microelectronics Co., Ltd by no more than 3.64 million…
China to speed up local government bond issuance to boost investment, several regions to start issuance in January
China will speed up issuance of local government special-purpose bonds to help boost effective investment, Chinese Premier Li Keqiang said at a State Council meeting…
Chinese property developers Shimao, Guangzhou R&F see more troubles
A unit of Chinese property developer Shimao Group has defaulted on a trust loan with 645 million yuan of overdue payment, China Credit Trust Co said…
China stock markets see foreign capital inflows hit record high, manufacturing sector increasingly favoured
Foreign capital flows into China’s equity markets hit a new record high in 2021, as the country further opened its financial markets to overseas investors…
PBOC injects most liquidity in two months after money market rates surged
China boosted liquidity injection into the banking system to the highest level in two months, to meet demand for higher cash demand before year-end.
China Mobile to raise $8.78 billion in Shanghai IPO in world’s second-biggest stock offering
China Mobile is planning what could be the world’s second-largest initial public offering (IPO) this year, almost a year after delisting from the New York…
China’s airlines, airports hit hard by Covid-19 resurgence in November, more pressure expected early next year
Chinese airlines see passenger traffic plunge in November due to Covid-19 resurgence in several regions. Industry insiders expect more pressure this month and early next…
China to expand Shanghai-London stock connect, to crack down on “fake foreign capital” via mainland-Hong Kong connect
A stock connect scheme linking Shanghai and London will be broadened to include Shenzhen-listed companies, as well as capital markets in Germany and Switzerland, China’s…
China’s cobalt prices hit three-year high amid Covid-19 disruption in Zhejiang
China’s cobalt prices hit the highest level in three years after some cobalt factories suspended production amid Covid-19 outbreaks in East China’s Zhejiang province, pushing…
China’s LNG price tumbled nearly 50% since mid-November
While liquefied natural gas (LNG) prices in the overseas market surge, the prices in China’s domestic market have slid by nearly 50% since mid-November as…
China’s insurance companies cut shareholding in property developers, banks
Chinese property developer Gemdale Group said in a stock exchange filing on December 8 that Dajia Insurance Group had cut its shareholdings in Gemdale by 226…
Chinese yuan strengthens against dollar to hit strongest in more than three years
Driven by stronger-than-expected exports and corporate dollar sales, Chinese yuan strengthens against the US dollar on Wednesday, with both onshore and offshore exchange rates touching…
Several private property developers plan to issue asset-backed securities as real estate financing improves further
Several private-owned real estate developers in China including Country Garden and Logan Group have announced plans to issue asset-backed securities (ABS) as financing environment for…
China said to establish world’s largest rare earth group amid strong demand, rising prices
China has approved the plan to establish of a world’s largest rare earth company, according to several state-run news outlets including Securities Times.
Chinese property developers’ bond issuance jumped 186% in November from previous month, offshore bond sales hit lowest this year
Chinese property developers’ bond issuance picked up significantly in November after authorities repeatedly urged financial institutions to improve financing environment for the cash-strapped real estate…
China’s steel prices show stabilization amid expectation of stronger demand, analysts say room for improvement limited
China’s steel prices show signs of stabilization recently after sliding sharply in the past few months, boosted by expectations of stronger steel demand amid improving…
China’s cement price fell significantly in traditional peak season, due to sluggish demand, falling coal prices
China’s cement prices have declined significantly in November and central China’s Hubei province and south Guangdong province led the drops, with prices in the regions…
