Tuesday, February 4

Tag: 3333.HK

China’s Millionaires Are Worried. That’s a Problem for Wall Street.
18Dec By adminNo Comments
World

China’s Millionaires Are Worried. That’s a Problem for Wall Street.

Updated Dec. 18, 2023 12:15 am ETChina’s economic slowdown has become a big problem for banks that serve the rich. For years, banks including Citigroup, JPMorgan and UBS competed hard to win business from China’s giant pool of wealthy people. They hired thousands of relationship managers with the language skills and cultural know-how to gain the trust of mainland China’s moneyed class, and helped them buy shares in Hong Kong, real estate in the U.S. and expensive paintings from European collections.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Evergrande Avoids a Debt Disaster—for Now
4Dec By adminNo Comments
World

China Evergrande Avoids a Debt Disaster—for Now

China Evergrande Group, the giant property developer whose default two years ago fueled a crisis in the country’s real-estate market, got some unexpected good news on Monday.The company, once China’s largest property developer by sales, was given until late January 2024 to reach a debt restructuring deal, after Hong Kong’s High Court postponed a hearing that could have pushed Evergrande into liquidation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Evergrande Winding-Up Hearing Adjourned to Dec. 4
30Oct By adminNo Comments
Money

China Evergrande Winding-Up Hearing Adjourned to Dec. 4

China Evergrande has been given another chance to restructure its billions of dollars in debt as a court adjourned a hearing to wind up the company.The heavily indebted Chinese property developer said that a Hong Kong High Court had moved the hearing, scheduled on Monday, to Dec. 4.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Evergrande Winding-Up Hearing Adjourned to Dec. 4
30Oct By adminNo Comments
World

China Evergrande Winding-Up Hearing Adjourned to Dec. 4

China Evergrande has been given another chance to restructure its billions of dollars in debt as a court adjourned a hearing to wind up the company.The heavily indebted Chinese property developer said that a Hong Kong High Court had moved the hearing, scheduled on Monday, to Dec. 4.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China Evergrande's 11th-hour cancellation of a restructuring affecting more than $19 billion of its international bonds could lead to a messy collapse and have "a catastrophic effect" on other troubled companies in the property sector, its bond investors said.
10Oct By adminNo Comments
World

China Evergrande's 11th-hour cancellation of a restructuring affecting more than $19 billion of its international bonds could lead to a messy collapse and have "a catastrophic effect" on other troubled companies in the property sector, its bond investors said.

China Evergrande’s 11th-hour cancellation of a restructuring affecting more than $19 billion of its international bonds could lead to a messy collapse and have “a catastrophic effect” on other troubled companies in the property sector, its bond investors said.
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Country Garden Holdings Warns of Default
10Oct By adminNo Comments
World

Country Garden Holdings Warns of Default

Country Garden Holdings warned that it wouldn’t be able to meet all its offshore payment obligations on time as the Chinese property developer struggles to raise cash with sales spiraling lower.
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