Chinese banks and fund managers dumped their holdings of riskier corporate bonds on Friday after a series of defaults by top-rated state-owned enterprises (SOEs) sent shockwaves through the mainland ... ( read original story ...)
China’s Xi decided to halt Ant’s IPO – WSJ
The Wall Street Journal reports that China's President Xi Jinping personally intervened to stop Ant Group's initial public offering. The Journal's Thursday story cites Chinese officials with knowledge ... ( read original story ...)
Chinese state-firm debt defaults trigger market selloff, fears of crisis
A Chinese miner that defaulted this week held an emergency creditors' meeting on Friday to address potentially "huge credit risks", as a series of defaults by top-rated state-owned enterprises (SOEs) ... ( read original story ...)
Financial sector reform to enhance performance
China will further open up its financial sector and experiment with financial reform in certain regions to better serve major strategies for regional development, officials said. Fu Pingjiang, head of ... ( read original story ...)
Stress in China’s Credit Market Spills Over to Financial Stocks
The default of a Chinese coal miner has triggered mounting concern over the health of state-owned firms and their lenders. ( read original story ...)
China’s Stock Markets Flopped at Opening Amid Weak Mood
Chinese stock markets opened lower as investors were cautious and uncertain about the future. The Shanghai Composite Index started off at 3,327.23, down 0.34 percent, while the Shenzhen Component ... ( read original story ...)
Chinese President Xi personally halted $37bn Ant IPO: Report
Ant’s IPO was halted after its co-founder made a speech at odds with the Chinese government’s handling of the economy. ( read original story ...)