Topics
HNA Hard Landing
After gobbling up billions in assets, HNA has embarked on a global selling spree to pay down debt
HNA Divestitures Reach $14 Bln in Campaign to Reduce Debt
After sale of stake in Shanghai investment concern, conglomerate considers more asset sales this year to further lower debt, source says
In Depth: Why China’s Banks Are Hunting for Fortunes Stashed Abroad
Faced with a growing mountain of bad loans, some Chinese lenders are turning to international litigation funders to claw back billions of yuan hidden in overseas mansions, yachts and bank accounts
Top Stories of the Month: The Consumption Conundrum Dividing China’s Economists
Influential voices say the country needs another massive infrastructure push to bolster growth, arguing consumption is already strong. Others warn this is a delusion and that boosting household income is the only way forward
Exclusive: HNA Co-Founder Jailed as Curtain Falls on Debt-Fueled Empire
Chen Feng gets 12 years for embezzlement and fraud, closing the book on one of China’s most aggressive global acquirers
CX Daily: How Trump’s Return Might Be a Boon for TikTok
Chinese sovereign wealth fund gets new Communist Party committee chief. China’s Comac secures more than 100 aircraft orders at the Zhuhai Air Show
China’s Comac Secures More Than 100 Aircraft Orders at Zhuhai Air Show
Airshow deals push orders for China’s first domestic large commercial jet past 1,200
Air China, China Southern Take First Deliveries of Domestically-Made C919s
The two carriers join China Eastern Airlines in operating the first Chinese-made commercial passenger jets as part of their $20.7 billion order for 200 of the Comac planes
Caixin Weekly | Civil Aviation: Prosperity in Passengers, Not in Profits
Chinese civil aviation saw a surge in passenger numbers in 2024, but ticket prices dropped by 17% domestically and 25.37% internationally, leading to reduced revenues. Airlines faced higher operational costs due to oil price hikes, RMB depreciation, and increased competition from high-speed rail, resulting in significant financial losses. Foreign airlines like Virgin Atlantic and Qantas reduced their presence in China, while Chinese airlines expanded international routes, especially to the Middle East, despite an oversupply of wide-body aircraft.
China’s Finance Ministry Official Wang Kebing Appointed as Vice President of Policy Bank
CBD appointment comes after corruption scandal saw several high-ranking officials sent to prison for taking bribes
Corrupt Former Policy Bank Vice President Gets 20 Years Behind Bars
He Xingxiang found guilty of taking bribes, hiding offshore deposits, and illegally issuing loans and bank guarantees
Ex-Boss of New China Life Receives 6.5-Year Jail Term for Bribery
Ex-chairman of state-owned insurers exploited his position to seek benefits for others in exchange for bribes, court rules
Former Head of Citic Bank Gets Death Sentence for Bribery
Sun Deshun, who was convicted of accepting $137 million in bribes over 16 years, was given a two-year reprieve after which the sentence will be reduced to life in prison
Hna Technology Co.,Ltd.’s Net Profit Rose 45.3% in First Three Quarters of 2023
Revenue grew 225.3% year-on-year
Hna Technology Co.,Ltd.’s Net Profit Rose 45.3% in First Three Quarters of 2023
Revenue grew 225.3% year-on-year
Hna Technology Co.,Ltd.’s Net Profit Rose 62.6% in First Half of 2023
Revenue grew 162.5% year-on-year
In Depth: Yi Gang’s Legacy After Five Years Running China’s Central Bank
The former PBOC governor, who stepped down last month, spearheaded interest rate reform, helped reduce risks in the financial system, and supported the green and digital transformation of the financial sector
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