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China’s State Council says local governments should be held accountable for wasteful spending, as Beijing seeks to strike a balance between controlling growing debt risks and maintaining steady economic growth.
HONG KONG/BEIJING: A government body has taken over China Evergrande Group's soccer stadium with a view to selling it, a person with direct knowledge of the matter told Reuters, as the debt-laden property developer scrambles to meet liabilities.
HONG KONG: Chinese Estates Holdings Ltd, a long-time supporter of China Evergrande Group, has further cut its stake in the embattled property developer.
BEIJING: China Evergrande Group’s electric-vehicle (EV) unit fell after selling HK$2.7bil (US$347mil or RM1.45bil) of stock at a discount to bolster its finances as it seeks to put delayed vehicles into production.
SINGAPORE: One exchange-traded fund (ETF) shows how investors are increasing bets on a rebound in Chinese property junk bonds.
EVERY week before I choose a topic to write, I weigh between the topics I enjoy writing versus an urgent need to address a pertinent issue in the realm of economics, finance or policies.
HONG KONG: China Evergrande Group is selling its entire stake in streaming services firm HengTen Network Group to raise US$273.5mil (RM1.14bil), as the cash-strapped developer boosts efforts to avoid a debilitating default on its debts.
HONG KONG: China Evergrande Group is selling its entire stake in streaming services firm HengTen Network Group for HK$2.13 billion ($273.5 million), as the cash-strapped developer boosts efforts to avoid a debilitating default on its debts.
HONG KONG (AFP): Asian investors trod a cautious path Tuesday (Nov 16), with surging inflation the key point of concern on trading floors, while eyes were also on a virtual summit between Joe Biden and Xi Jinping as they plot their way through a period of tension between the superpowers.