Chinese funds are seeking new capital sources in the Middle East and other markets, managers say, in a shift that could reshape investment flows as diplomatic tensions and other risks drive many U.S.
China’s Country Garden warns it could fail to pay offshore debt obligations
China’s Country Garden Holdings said it might not be able to meet all of its offshore payment obligations when due or within the relevant grace periods, as the country’s largest private property developer grapples with debt restructuring.
Taiwan seeks ‘peaceful coexistence’ with China, president says
Taiwan seeks “peaceful coexistence” with China with free and unrestricted interaction between people on both sides of the Taiwan Strait, President Tsai Ing-wen said on Tuesday in her national day speech.
Investors warn Evergrande could face an ‘uncontrolled collapse’ that would be a disaster for China’s property sector
The troubled developer cancelled a $19 billion debt restructuring. Investors in its bonds say the move could ripple through the entire sector.
Citi Sells Off China Consumer Unit as It Simplifies Its Business
Key Takeaways Citigroup agreed to sell its China unit to HSBC Bank China as it sheds assets to simplify operations.The agreement includes all of Citi’s clients, assets under management, and …
Citi Sells Off China Consumer Unit as It Simplifies Its Business
Key Takeaways Citigroup agreed to sell its China unit to HSBC Bank China as it sheds assets to simplify operations.The agreement includes all of Citi’s clients, assets under management, and deposits.The move is part of Citi’s “broader global strategy refresh” announced in 2021.
Citi sells China wealth business as part of international consumer retreat
Citigroup (C) is winding down another piece of its consumer banking empire outside the US in the latest step by CEO Jane Fraser to simplify America’s third-largest bank. The New York lender on late …
China’s Social Media Pushes Back on Israel’s Online Appeals
The Israeli embassy has disabled social media comments in response to hateful comments by Chinese netizens after the start of Israel’s war against Hamas.
Former Army Intelligence Collector Arrested for Espionage After Allegedly Trying to Share Secrets with China
A former Army soldier who specialized in intelligence collection has been arrested by federal officials on charges that he tried to offer classified information to China, court records show.
Golden Week Holiday Puts A Dim Shine On China’s Recovery Prospects
China’s national Golden Week Holiday at the start of October provided a bit of a boost to spending but fell short of government expectations. Stocks were subdued in China and Hong Kong Monday …