China wealth manager Zhongzhi flags insolvency, liabilities of $64 billion
BEIJING (Reuters) -China's Zhongzhi Enterprise Group told investors it is heavily insolvent with liabilities of up to $64 billion, more
2023-11-23 12:29
Troubled China Shadow Bank Warns of $36 Billion Shortfall
Embattled shadow banking giant Zhongzhi Enterprise Group Co. has revealed the depth of its financial difficulties, telling investors
2023-11-23 12:19
China launches social security fund-backed $707 million investment fund in Shanghai
BEIJING An investment fund backed by China's National Social Security Fund was launched in Shanghai, with a size
2023-11-23 11:50
State Grid China’s Brazil Unit Weighs Raising $1 Billion
State Grid Corp. of China’s Brazilian unit is seeking to raise about $1 billion by selling a minority
2023-11-23 11:25
WHO Asks China for More Information on Child Pneumonia Outbreak
The World Health Organization asked China for detailed information about a surge in respiratory illnesses in children, including
2023-11-23 11:18
China Shifts Approach to Fatal Coal Mining Accidents to Ensure Supply Security
The latest fatal accident linked to coal production in China, this time caused by a fire in a
2023-11-23 11:15
Country Garden’s Dollar Bonds Jump on Support List Inclusion
Country Garden Holdings Co.’s bonds jumped as news that the distressed developer is included in a list eligible
2023-11-23 10:24
China Races to End Property Panic, Fill $446 Billion Funding Gap
Chinese leaders are making their most forceful push yet to end the nation’s property crisis, ramping up pressure
2023-11-23 09:16
China’s Xi Meets Top Russian Lawmaker in Sign of Tight Ties
Chinese leader Xi Jinping met a top Russian lawmaker, underscoring the warm relations the nations have forged following
2023-11-23 08:58
China Parliament Pressures Banks To Step Up Property Finance
China’s banks should step up funding for property developers to reduce the risk of additional defaults and ensure
2023-11-23 08:51
Asian Shares Set for Muted Open as Treasuries Fall: Markets Wrap
Shares in Asia are braced for a cautious open Thursday after US stocks ticked higher and Treasuries fell
2023-11-23 07:15
Scotland’s Only Oil Refinery Will Close in 2025
Scotland’s only oil refinery is set to close as soon as 2025, dealing a blow to the local
2023-11-22 23:48