HNA Hard Landing

China HNA Hard Landing  News - Caixin Global

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

01 07, 2021 20:53 PM

Ex-Boss of China’s Biggest Policy Bank Sentenced to Life for Bribery

Former China Development Bank Chairman Hu Huaibang convicted of accepting $13.2 million in bribes over 10 years

12 28, 2020 13:47 PM

Latin America Emerges as China’s Favorite Hunting Ground for M&A

Transactions targeting Latin America totaled $7.7 billion this year, more than Europe and North America combined

12 11, 2020 09:20 AM

CX Daily: Finance Officials Raise Alarm Over Surging Local Government Debt

Nestle launches a range of plant-based meats in China. The country hits back at the latest U.S. sanctions on its officials

12 10, 2020 05:44 AM

Platinum Equity Agrees to $7 Billion Deal for HNA’s Ingram Micro

Year’s biggest divestiture by a Chinese company to a foreign buyer continues unwinding of debt-laden HNA’s sprawling empire

11 03, 2020 05:55 AM

Chinese Airline Losses Narrow in Third Quarter

Domestic travel rebounds almost to pre-pandemic levels and results in black ink for some carriers, but international traffic remains frozen

09 29, 2020 17:32 PM

Caixin Business English 10 财新商业英语进阶计划 10

This program goes a step beyond our daily podcast. By highlighting and explaining key words, we offer a unique platform for you to learn more business words and understand how they are used in context.我们精心挑选播客中的专业商业英语词汇,加上专人撰写的词汇解释,为您呈现词汇在新闻和日常生活中的用法,祝您获得更流畅的英语事实表述和问题阐释能力。

09 18, 2020 09:27 AM

CX Daily: China’s Top Liquor Maker to Bail Out Home Province With $2.2 Billion in Bonds

The WeChat ban wouldn’t affect U.S. users, the Trump administration says. An airline tycoon is barred from taking flights

09 17, 2020 19:43 PM

Caixin Insight: Shrinking Consumption Becomes a Growing Problem

August economic data, new financial holding company rules, and falling land sales

09 17, 2020 19:18 PM

Caixin China Biz Roundup: Court Bars HNA Chairman From Luxury Hotels, Golf

In today’s episode: court gets tough on Chen Feng as the conglomerate grapples with debt disputes; British travel agency Thomas Cook makes a comeback under new Chinese ownership; and top chipmakers apply for licenses to supply Huawei as U.S. tightens regulations

09 17, 2020 04:57 AM

HNA Chairman Barred From Golfing and Taking Flights

Chen Feng handed spending restrictions on travel, entertainment and buying vehicles by Xi’an court in one of his company’s many debt disputes

09 16, 2020 19:26 PM

Major Chipmakers Seek U.S. Approval to Supply Huawei by Sanctions Deadline; China Expects Air Travel Surge for Holiday

Imports to China banned from 2nd U.S. poultry supplier as workers contract coronavirus; no golf or luxury hotel stays for HNA chairman, court orders

09 16, 2020 09:20 AM

CX Daily: China’s Troubled Anbang to Disband and Liquidate

Limited talent pool prevents China from achieving chip dream. Alibaba may invest in Grab, and rival Tencent picks Singapore for Asia hub

09 15, 2020 20:49 PM

Four Things to Know About the Sweeping Regulatory Changes Coming for Financial Holding Companies

Chinese companies that operate financial institutions will be subject to tighter requirements from Nov. 1 as part of campaign to curb financial risks

09 15, 2020 06:22 AM

Anbang to Disband and Liquidate as Restructuring Ends

Former highflyer was a major target in the government’s long-running crackdown on financial risks and set the template for winding down debt-laden conglomerates

08 27, 2020 09:20 AM

CX Daily: China Will Keep 'Normal' Monetary Policy, PBOC Official Says

China's rare earth exports sink to the lowest since January 2015. A private commercial space launch startup raises $174 million

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