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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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03 20, 2021 20:03 PM

HNA Seeks Long-Term Investment in Step Toward Bankruptcy Restructuring

Once high-flying Chinese conglomerate wants to bring in investors for its airline, airport and retail businesses

03 17, 2021 09:07 AM

CX Daily: China Forges Steel Colossus. But Will the Pieces Stick Together?

China plans to clean up online trading platforms. Wanda cuts its stake in AMC Entertainment

03 16, 2021 04:57 AM

HNA Restructuring Begins With Substantive Consolidation of 320 Units

Hainan court rules a single proceeding will better protect creditors while saving time and money and sets a June 4 meeting to weigh a reorganization plan

03 12, 2021 20:45 PM

Exclusive: China’s Biggest Policy Bank Fined Big Bucks for Illicitly Guaranteeing HNA Loan, Sources Say

China Development Bank gets slapped with a $6.6 million fine for failing to properly check the borrowing it was guaranteeing

02 27, 2021 09:30 AM

Editor’s Picks: Pinduoduo’s Labor Problems, HNA’s Implosion, and Gree Electric’s Succession Crisis

This week saw more reckonings for China’s big tech firms and more revealed about who stands to lose in HNA’s bankruptcy

02 26, 2021 17:33 PM

Caixin China Biz Roundup: Digital Covid Vaccine Passport Sparks Controversy

In today’s episode: new app aims to encourage the resumption of international travel amid the pandemic, but concerns over data privacy and vaccine shortages linger; how conglomerate HNA ended up at the center of one China’s biggest bankruptcy cases; and Hong Kong reports its biggest export surge in nearly three decades

02 26, 2021 09:51 AM

CX Daily: Who Are the Losers in the HNA Bankruptcy?

China's President Xi declares 'total victory' in the country's fight against absolute poverty. Geely and Volvo call off their merger plan

02 25, 2021 19:09 PM

In Depth: Who Are the Losers in the HNA Bankruptcy?

Restructuring will wipe out equity stakes apparently now held by two shadowy charities, co-founder Chen Feng and other executives, but ownership has always been opaque

02 23, 2021 09:30 AM

CX Daily: HNA Group’s Final Crisis

China mulls easing capital controls on citizens' offshore investments. Who will be the successor to a powerful businesswoman?

02 22, 2021 21:17 PM

Cover Story: HNA Group’s Final Crisis

After surviving SARS, 2008 and years of liquidity crunch, former high-flyer lands in bankruptcy reorganization after pandemic cripples its main travel business

02 11, 2021 04:39 AM

HNA Units to Claw Back $17 Billion in Misused Funds

Plans signal final chapter of tumultuous HNA saga as crushing debt piled up during wild acquisition spree forces dismantling of conglomerate

02 08, 2021 20:09 PM

Four Things to Know About Threats to China’s Payment Giants

Alipay and WeChat Pay are the two fintech companies most likely to feel the heat from new regulations for nonbank financial payment institutions

02 06, 2021 12:13 PM

Editor’s Picks: Move Over GameStop, China Has Kuaishou; and Nepotism Claims Rock Huawei

Biden signals China approach in first foreign policy speech, while health officials tweak quarantine policy to accommodate pet owners

02 05, 2021 20:16 PM

In Depth: How HNA’s Teetering Empire Left One Listed Company Looted

A look at CCOOP’s financial moves over the last 20 years paints a picture of a firm that had been used like an ATM by the Chinese conglomerate and its subsidiaries

02 03, 2021 09:43 AM

CX Daily: Luckin-Tainted Former Car Rental Superstar to Drive Off Hong Kong Exchange

Another Chinese developer defaults. The new U.S. government should abandon Trump’s "misguided policies," China’s top diplomat urges

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