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
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
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
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
Shanghai Composite Index Rose 1.4% on Thursday
Shenzhen Component Index closed up 2.41%
HNA Aviation Chairman Bao Qifa Taken Away by Police
Parent company HNA Group’s chairman and its CEO were also taken into custody last September in a probe of suspected criminal offenses
PBOC Predicts Fewer High-Risk Banks as It Cracks Down
China’s central bank reports 316 risky financial institution in fourth quarter and projects fewer than 200 by 2025
Shanghai Composite Index Rose 0.93% on Wednesday
Shenzhen Component Index closed up 1.9%
Former Boss of Citic Bank Admits Taking $154 Million of Bribes
Sun Deshun pleads guilty at trial to using his position at several state-owned banks to offer favorable loans to businesses including HNA
In Depth: Why China’s Regulators Are Taking On Local Governments Over Their Financial Asset Exchanges
Local trading platforms have emerged as a new risk to financial stability, with many degenerating into illegal financing channels for real estate companies and LGFVs
Year in Review: Regulation Looms Large Over China’s Financial Firms
Overseas IPOs, fintech and indebted conglomerates particularly felt the heat in 2021
CX Daily: How China’s EV Battery King Is Defending Its Throne
China plans to broaden the stock connect program to incorporate Swiss and German exchanges
Shanghai Composite Index Fell 1.07% on Monday
Shenzhen Component Index closed down 2.01%
HNA Units Under Investigation Linked to Embezzlement, Financial Misconduct, Sources Say
Shanghai-listed Hainan Airlines and HNA Infrastructure Investment disclose that China’s securities regulator is looking into each for suspected violations of information disclosure laws and regulations
Alibaba Literally Doubles Down on Money-Losing UTour
The e-commerce giant is raising its stake in the online tourism specialist to 11%, picking up shares at half the price it paid in September 2020
CX Daily: Macao Casinos to Close Lucrative VIP Rooms in Wake of Junket King’s Arrest
China’s central bank cuts rates on relending facilities for small businesses and rural sectors. IQiyi fires hundreds of workers as losses balloon
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