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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

MOST RECENT
09 05, 2022 16:52 PM

China Merchants Unit Wins Financial Holding License

Subsidiary with stakes in around 670 financial firms is the third company to get approval from the central bank for the sought-after qualification

08 19, 2022 20:27 PM

Update: Chinese Tycoon Xiao Jianhua Sentenced to 13 Years in Prison, Conglomerate Fined $8 Billion

Former controller of sprawling Tomorrow Holding was swept up in the nation’s crackdown on financial risks

08 12, 2022 21:09 PM

Fangda Injects $1.6 Billion More to Keep Hainan Airlines Flying

Carrier will use capital to ease financial pressure in the wake of Covid-19 lockdowns

07 19, 2022 15:03 PM

Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.3%

07 19, 2022 08:49 AM

CX Daily: Will a Barrier to the Yangtze River Save Poyang Lake?

Another Tomorrow Holding unit is cleared for bankruptcy. Hainan Airlines’ operator seeks an emergency loan of $3 billion, sources say

07 18, 2022 15:03 PM

Shanghai Composite Index Rose 1.55% on Monday

Shenzhen Component Index closed up 0.98%

07 16, 2022 19:44 PM

Exclusive: Hainan Airlines’ Operator Seeks $3 Billion Emergency Loan, Sources Say

Liaoning Fangda took over the airline from the beleaguered HNA Group in December, but has struggled to stem ballooning losses

06 17, 2022 08:58 AM

CX Daily: Why Relocating Mainlanders See Singapore as a Safe Haven for Their Businesses and Property

China’s electricity consumption continues to fall. Property developers face imminent deadlines to repay multibillion-dollar debts

06 16, 2022 17:44 PM

Caixin China Biz Roundup: China Resumes Processing Family Visit Visas

The move comes after a two-year suspension; Shanghai wholesalers are demanding rent exemptions; and HNA Innovation faces delisting

06 16, 2022 15:03 PM

Shanghai Composite Index Fell 0.61% on Thursday

Shenzhen Component Index closed up 0.11%

06 16, 2022 04:16 AM

HNA Innovation Kicked Off Shanghai Stock Exchange

Former unit of HNA Group commences delisting after four years of losses and dwindling revenue

04 15, 2022 04:19 AM

China Puts New Financial Holding Companies in Systemic Risk Management

After clearing the first two FHCs, central bank is reviewing three other applicants, head of Macroprudential Policy Bureau says

03 18, 2022 20:48 PM

Update: China Approves First Two Financial Holding Companies

State-owned Citic and Beijing Financial Holdings get the go-ahead some 18 months after the central bank released rules tightening oversight of nonfinancial conglomerates

03 18, 2022 08:58 AM

CX Daily: China’s Tightening of Online Insurance Sales Starts to Bite

Deutsche Bank joins its global peers with link to the Beijing Stock Exchange. BYD raises the price of its electric vehicles again

03 17, 2022 15:03 PM

Shanghai Composite Index Rose 1.4% on Thursday

Shenzhen Component Index closed up 2.41%

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