China Evergrande’s top creditor has trimmed its loans to the nation’s most-indebted developer to assuage investors, a sign lenders have started to raise their guard against default risks. ( read original story ...)
China’s yuan weakens as c.bank notches eighth straight softer fixing
China's yuan weakened on Thursday after the country's central bank fixed its daily midpoint weaker for an eighth consecutive session, and as the dollar stalled after taking support from Fed official ... ( read original story ...)
China’s Minsheng Bank Says Evergrande Exposure ‘Within Controllable Range’
China Minsheng Banking Group said risks from its loan exposure to debt-laden property developer China Evergrande Group is "within controllable range", with exposure having dropped since last September ... ( read original story ...)
China Stock Market Due For Consolidation On Thursday
The China stock market has finished higher in three straight sessions, advancing more than 40 points or 1.2 percent along the way. ( read original story ...)
China urges banks, Alipay to crack down harder on cryptocurrencies
China's central bank said on Monday it had recently summoned some banks and payment firms, including China Construction Bank (601939.SS) and Alipay, urging them to crack down harder on cryptocurrency ... ( read original story ...)
Grocery Delivery Company Dingdong Pegs IPO Valuation At $6B
Chinese grocer Dingdong, which mainly delivers to big cities, is setting its sights on getting a $6 billion valuation when it goes public in the U.S. ( read original story ...)
Chinese grocery platforms Missfresh, Dingdong scale down US IPO fundraising targets amid investor concerns about growth outlook
Missfresh and Dingdong Maicai plan to raise over US$300 million each from their US stock offerings, lower than their initial targets of around US$500 million. ( read original story ...)