China’s Troubled $137 Billion Shadow Bank Plans Debt Restructuring, Taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure
2023-08-17 11:22
Evergrande Onshore Unit Says It’s Being Probed by China Watchdog
The mainland China unit of giant developer China Evergrande Group said the country’s securities regulator has built a
2023-08-17 05:22
Chinese Shadow Bank Misses Dozens of Payments as Fallout Spreads
Zhongrong International Trust Co. missed payments on dozens of products and has no immediate plan to make clients
2023-08-16 10:24
BlackRock, Allianz’s Country Garden Bond Exposure Draws Focus
Global investors including BlackRock Inc. and Allianz SE may be key stakeholders to watch in Country Garden Holdings
2023-08-16 07:25
China Media Stays Quiet on Trouble at Top Wealth Manager
Chinese state media has largely avoided reporting about turmoil at one of the nation’s top private wealth managers,
2023-08-15 13:52
China’s $138 Billion Shadow Bank Spirals at Terrible Time for Xi
Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with
2023-08-15 09:15
China’s Economic Recovery Faces Fresh Risks From Property Crisis
China’s economic recovery is being weighed down by a worsening property slump, with latest data likely to show
2023-08-14 05:25
Country Garden’s Losses Fan Worst Fears on China Property Market
Less than two years after China Evergrande Group’s default sent shockwaves around the world, an even larger Chinese
2023-08-11 11:49
Country Garden Billionaire Bags Big Payouts as Default Looms
Country Garden Holdings Co. bondholders are setting their sights on the company’s billionaire Chair Yang Huiyan to see
2023-08-10 22:28
Country Garden Shows Even China’s Once-Mighty Builders at Brink
China’s former biggest builder Country Garden Holdings Co. has joined the ranks of once-strong developers that are deferring
2023-08-09 12:56
Evergrande Seeks Approval in Courts for Restructuring Plan Vote
China Evergrande Group will be seeking approval in a Hong Kong court Monday to hold votes on its
2023-07-24 09:49
Rising Consumer Pain Triggers Wall Street Concern: Credit Weekly
US consumers, particularly those with lower incomes, are running into financial trouble as pandemic savings disappear, a headwind
2023-07-23 03:28