Category: MARKET
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…