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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

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07 24, 2021 18:30 PM

Weekly Must-Read: Five Ways AI Will Put China Ahead

China is well-poised to maintain its position as the world’s factory by virtue of its advantages in big data, AI, automation and intelligent production capacity, writes Kai-fu Lee

07 21, 2021 20:46 PM

CX Daily: Five Things To Know About How China Is Tackling ‘Too-Big-To-Fail’

A court in Shenzhen issues a landmark ruling on personal bankruptcy. Another executive from China Development Bank is under investigation.

07 20, 2021 21:25 PM

Another China Development Bank Executive Ensnared in Graft Probe

Xu Weihua, former president of the bank’s Hainan branch, is under investigation by the top anti-corruption agency

07 20, 2021 18:31 PM

Caixin China Biz Roundup: China Tech’s U.S. IPO Woes

The obstacles facing Chinese companies hoping to list on U.S. stock exchanges; what the EU’s planned carbon tax could mean for China; and troubled giant HNA faces billions of dollars in debt claims involving 60,000 retail investors

07 20, 2021 15:03 PM

Shanghai Composite Index Fell 0.07% on Tuesday

Shenzhen Component Index closed up 0.12%

07 20, 2021 07:28 AM

Bankrupt HNA Group Struggles to Repay 60,000 Retail Investors

HNA employees and relatives file claims for $4.6 billion of wealth management products purchased from HNA units

07 09, 2021 15:03 PM

Shanghai Composite Index Ended Nearly Flat on Friday

Shenzhen Component Index closed down 0.26%

07 09, 2021 09:49 AM

CX Daily: South Korea Likely To Outpace China In New Shipbuilding Orders In Second Half, Report Says

China is likely to cut banks' required reserve ratio again. Reforms of salary systems in public hospitals will soon be carried out nationwide. Neither China nor the U.S. should seek monopolies in the fields of technology or AI, according to Henry Kissinger

07 08, 2021 21:33 PM

New Chinese Tour Giant Takes Shape With Merger of Giants Caissa, UTour

Disclosure reveals that three board members nominated by HNA, a major Caissa shareholder, objected to the union, but to no avail

07 07, 2021 08:31 AM

CX Daily: China Vows to Tighten Oversight of Overseas Listed Firms After Didi Probe

Beijing is willing to hold this year’s China-EU summit “as soon as possible.” A key member of SMIC's research team is leaving the company

07 06, 2021 04:15 AM

HNA Sued Over Missed Payments on $23 Million Apartment Mortgage

Debt-laden conglomerate, now in reorganization, borrowed funds in 2019 against unit in prestigious Hong Kong neighborhood

06 11, 2021 16:17 PM

Evergrande Tycoon Loses $20 Billion as Investors Revolt

Fresh concerns about the conglomerate have pushed its stock close to the lowest level since March 2020

06 11, 2021 08:58 AM

CX Daily: Top Banking Watchdog Warns of China’s Growing Financial Risks

China and U.S. top business officials talk over the phone. We aren’t clamping down on IPOs, China’s securities chief says

06 10, 2021 15:03 PM

Shanghai Composite Index Rose 0.54% on Thursday

Shenzhen Component Index closed up 1.19%

06 10, 2021 07:35 AM

Juneyao Links Up With Trip.com While Eyeing HNA Assets

Collaboration may be part of Juneyao’s partnership to snap up airline assets from the massive HNA bankruptcy restructuring, sources say

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