China’s Mega-Dealmakers Pivot to Recoup Capital
Some of China’s boldest foreign dealmakers are racing to raise capital by issuing bonds and selling assets, signaling a retreat from an overseas shopping spree that lasted several years and added up to tens of billions of dollars.
HNA Group, which owns large stakes in Deutsche Bank and Hilton Worldwide, picked up the pace in issuing bonds at home and overseas in recent months. The push has fueled speculation that HNA’s aggressive acquisitions strained its finances.
- 1China Cancels Trade Talks With U.S.
- 2Bad Bank’s New Boss Begins by Erasing Fallen Predecessor’s Legacy
- 3Rape Investigation for Internet Tycoon Richard Liu Wraps Up
- 4Merck Slashes Key Cancer Drug Price for China
- 5 Caixin Explains: Why Urbanites are Choosing Pickles and Instant Noodles Over Avocados and Starbucks
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas