TAIPEI/BEIJING Struggling Chinese tech group LeEco is under growing pressure from its creditors and business partners, with a court in Shanghai ordering a freeze on some of its assets over late payments to a bank. The latest financial troubles of the ... ( read original story ...)
At Shanghai Disney Resort, Mulan, Mickey and Dumplings
The call, from an animated character, was the day’s first reminder that my family and I were staying at the Toy Story Hotel, at the new Shanghai Disney R esort. After lifting our eyelids, extra heavy with jet lag, we saw other signs. The walls of our ... ( read original story ...)
China central bank to skip open market operations for eighth straight day: statement
SHANGHAI China's central bank said it will skip open market operations for the eighth day in a row on Tuesday, as liquidity levels in the banking system were "relatively high", the People's Bank of China said in an online statement. For the day ... ( read original story ...)
Pressure piles on China’s LeEco as assets frozen after bank complaint
TAIPEI/BEIJING Chinese tech group LeEco is under growing pressure from its creditors and business partners, with a court in Shanghai ordering some of its assets frozen over late payments to a bank. The latest financial woes of the conglomerate, which has ... ( read original story ...)
Pressure piles on China’s LeEco as bank seeks to have assets frozen
China Merchants Bank Co Ltd said in a statement on Tuesday it had applied to have some of LeEco's assets frozen because a subsidiary, Leview Mobile HK Limited, had been late on making interest payments on a loan. "CMB's Shanghai branch repeatedly urged ... ( read original story ...)
China’s yuan firms on state bank support
SHANGHAI, July 4 (Reuters) - China's yuan firmed against the U.S. dollar on Tuesday, with major state-owned banks selling the greenback in the onshore market that helped bolster the Chinese currency. The People's Bank of China (PBOC) set the yuan midpoint ... ( read original story ...)
LeEco-related bank accounts held
A Shanghai Court reportedly ordered a freeze on the bank accounts of LeEco chairman Jia Yueting and his wife, as well as bank accounts of three LeEco- related companies, mainland media reported yesterday. The accounts held a combined 1.24 billion yuan (HK$ ... ( read original story ...)