China Debt Crisis

China Evergrande Liquidators May Sue Its Auditor PwC: Report

PricewaterhouseCoopers had been Evergrande’s auditor since 2009 — when the developer listed in Hong Kong — and resigned from that…

3 days ago

China Asks Local Governments Not to Use Tech Funds to Pay Debt

Provincial-level governments in China are mounted with $13 trillion of debt but also account for about two-thirds of the country's…

3 weeks ago

Nasdaq-Listed China Shadow Bank Down 60% on Property Crisis Hit

Troubles at multiple Chinese shadow banks show how a faltering property sector is causing strain throughout the country's financial system

2 months ago

Emerging Asia Sees Largest Outflows as Funds Stay Cold on China

Hedge funds rotated their positions to developed Asia markets, including Hong Kong, Singapore and Japan

3 months ago

China to Probe Troubled Shadow Bank Steeped In $64 Billion Debt

The crisis at Zhongzhi threatens to reignite concerns that China's property debt crisis is spilling over into the country’s broader…

3 months ago

China to Issue More Government Bonds to Tackle Debt Crisis

Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, China's…

4 months ago

China Set to Tighten Hold on Crackdown-Hit Finance Sector

At a twice-a-decade financial policy meeting this week, Beijing vowed to uphold the centralised and unified leadership of the CCP…

4 months ago

China Hits 12 Regions, Cities With New Debt Growth Curbs

Debt-heavy municipalities represent a major risk to the world's second-largest economy and its financial stability, amid a deepening property crisis

4 months ago

China Asks Banks to Roll Over $13tn Local Debt at Lower Rates

China's deepening property crisis has added to the pressure on local municipalities, with developers in no shape to buy new…

4 months ago

Key Evergrande Unit Misses $547m Bond Dues as Crisis Worsens

The developer's already battered Hong Kong-listed shares slipped more than 8% on Tuesday, taking the stock's losses to more than…

5 months ago

China’s Green Loans Exceed $3.2 Trillion: Central Bank Chief

"Achieving carbon neutrality requires 'carrots and sticks'," People's Bank of China Governor Yi Gang said

11 months ago

Key China Evergrande Creditor Agrees to Debt Restructure Plan

The restructuring, worth $22.7 billion, is just part of Evergrande‘s total liabilities that amount to more than $300 billion

11 months ago