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 ...)
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 ...)