Debt Contagion

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

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 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

Fix Your Own Debt Issues, Says China on Yellen Africa Remarks

Zambia defaulted on its debt in 2020 and has made little progress in restructuring it with Chinese and private creditors…

1 year ago

Sale of China Evergrande’s Hong Kong Head Office Fails Again

The world's most indebted property developer has been struggling to repay its many creditors, making this a 'crucial year' for…

1 year ago

IMF Sounds Alarm on Emerging-Market Debt Crisis

The average ratio of public debt to gross domestic product—a key measure of a country’s fiscal health—rose to a record…

2 years ago

IMF Study Says China Has More Say Over Poorest Nations’ Debt

Although debt ratios are lower than in the mid-90s, debt has been creeping up for the past decade and the…

2 years ago

China Property Woes Spill Over to Suppliers, Decorators

More disclosures are expected during the upcoming earnings season, putting pressure on Chinese authorities to do more to limit contagion

2 years ago