At Shanghai Fashion Week this season, collections mixed classic pieces and details - including references to traditional Chinese clothing - with modern ... ( read original story ...)
China property giant Shimao faces winding-up case
In January, rival real estate giant China Evergrande was ordered to liquidate by a Hong Kong court. With more than $300bn of debt, Evergrande has been the poster child of China's real estate crisis. ( read original story ...)
Today’s Stock Market: Asian Shares Mostly Rise as Investors Monitor Earnings and Inflation Indicators
O n Monday, Asian shares showcased a predominantly positive trend, with market participants directing their attention towards forthcoming earnings reports from major global corporations and eagerly ... ( read original story ...)
Shimao Shares Fall After China Bank Files Liquidation Petition
Shimao Group shares fell sharply after a Chinese state-run bank filed a liquidation petition against the heavily indebted developer, adding uncertainty to a proposed restructuring of offshore debt. ( read original story ...)
Shimao Group faces winding-up petition from China Construction Bank, signalling developer is in ‘serious debt trouble’
Troubled property developer Shimao Group Holdings is facing a liquidation suit brought by China Construction Bank, the country’s second-largest lender, for a financial obligation amounting to around ... ( read original story ...)
Banking bottleneck causing six-month delays for Russia-China payments: sources
AS THE threat of secondary sanctions deters Chinese banks from facilitating trade with Russia, companies are flocking to the one Russian ... ( read original story ...)
Chinese State Bank Asks Court to Liquidate Developer Shimao
Defaulted Chinese developer Shimao Group Holdings Ltd. is facing a demand to liquidate from creditor China Construction Bank (Asia) Corp., one of the most prominent examples yet of a state-backed bank ... ( read original story ...)