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 ...)
Shanghai woman sentenced for ‘professional salary fraud’ scheme
The Pudong New Area People's Court in Shanghai found Tao guilty of fraud. The court determined her actions constituted illegal possession due to the fabricated documents and concealment of truth, ... ( read original story ...)
Exclusive-Banking bottleneck causing six-month delays for Russia-China payments, sources say
As the threat of secondary sanctions deters Chinese banks from facilitating trade with Russia, companies are flocking to the one Russian bank with a Chinese branch and facing up to six months of ... ( read original story ...)
Beijing nudged Syngenta to withdraw 65 billion yuan Shanghai IPO on market weakness: sources
Syngenta filed to list on the main board of the Shanghai Stock Exchange last May seeking to raise ... for three years and with deflation at levels not seen since the global financial crisis of 2008 to ... ( read original story ...)
China’s internet giants snap up their own shares to boost flagging stock market value
Chinese internet giants are buying back their shares at a record pace, as they try to boost their market value in the midst of a historic stock rout in the world’s second largest economy. ( read original story ...)