As China Evergrande tries to claw its way out of financial crisis and global markets fret over its fate, the lives of the ordinary people who work for the property developer and its many contractors ... ( read original story ...)
China Telecom Dives Below IPO Price in China’s Biggest Listing This Year
China Telecom, which staged the largest share sale on China's mainland this year, has fallen below the offering price despite the biggest shareholder's plan to increase its stake in the major mobile ... ( read original story ...)
Evergrande’s Biggest Lender Says Default Will Not Have ‘Significant Impact’ on Bank
Trying to dispel investor fears, some Chinese banks are disclosing what they are owed by the struggling real estate developer. ( read original story ...)
Shandong Kaisheng New Materials’s IPO to debut on Shenzhen Stock Exchange
Shandong Kaisheng New Materials (301069) to start trading on the Shenzhen ChiNext Market Sep 27, next Monday. The firm has issued 60.00 mln shares priced at RMB 5.17 per share raising RMB 310.2 mln. ( read original story ...)
China central bank vows crackdown on cryptocurrency trading
China's central bank vowed on Friday to crack down on illegal activities of cryptocurrency trading, banning overseas exchanges from providing services to mainland investors via Internet. ( read original story ...)
China injects $71bn into banking system amid Evergrande crisis
The People’s Bank of China has injected a net 460 billion yuan ($71bn) of short-term cash into the banking system in the past five working days, including 70bn yuan on Friday. That’s helping ensure ... ( read original story ...)
CX Daily: How A Liaoning Bank Got Sucked Into The Evergrande Vortex
How a Liaoning bank got sucked into the Evergrande vortex. With China Evergrande Group’s colossal debt under a global spotlight, the real estate conglomer ... ( read original story ...)