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

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%

03 17, 2022 03:48 AM

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

03 04, 2022 06:13 AM

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

02 23, 2022 15:03 PM

Shanghai Composite Index Rose 0.93% on Wednesday

Shenzhen Component Index closed up 1.9%

02 23, 2022 05:32 AM

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

02 11, 2022 21:35 PM

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

12 31, 2021 21:00 PM

Year in Review: Regulation Looms Large Over China’s Financial Firms

Overseas IPOs, fintech and indebted conglomerates particularly felt the heat in 2021

12 21, 2021 09:18 AM

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

12 20, 2021 15:03 PM

Shanghai Composite Index Fell 1.07% on Monday

Shenzhen Component Index closed down 2.01%

12 18, 2021 18:52 PM

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

12 10, 2021 20:09 PM

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

12 09, 2021 09:28 AM

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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