wsjfinance-asia – Page 2

China Evergrande Avoids a Debt Disaster—for Now

4Dec

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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

The Big Risk Causing Investors to Shun China

1Dec

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Money

The Big Risk Causing Investors to Shun China

Updated Dec. 1, 2023 12:04 am ETListen to article(2 minutes)HONG KONG—Investing in China has never been this perilous. When global investors flocked to the country during its economic boom in the past decade, geopolitical risks were at the back of their minds. Such risks are now a top consideration for buyers of Chinese stocks, bonds and stakes in private companies—and are turning many people off investing in China. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

1Dec

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World

The Big Risk Causing Investors to Shun China

Updated Dec. 1, 2023 12:04 am ETListen to article(2 minutes)HONG KONG—Investing in China has never been this perilous. When global investors flocked to the country during its economic boom in the past decade, geopolitical risks were at the back of their minds. Such risks are now a top consideration for buyers of Chinese stocks, bonds and stakes in private companies—and are turning many people off investing in China. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The Clearest Sign of India’s Very Good Year

28Nov

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Money

The Clearest Sign of India’s Very Good Year

Updated Nov. 28, 2023 12:53 am ETIndia has had a very good year.The country’s economy is booming, its stock market is near an all-time high and its population is on track to overtake China’s to become the largest in the world. India and the U.S. have signed deals this year on jet-fighter engines and semiconductor chips. In September, New Delhi hosted a summit of the Group of 20 nations.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

China Scrambles to Contain a Looming Shadow-Bank Meltdown

27Nov

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Money

China Scrambles to Contain a Looming Shadow-Bank Meltdown

Chinese authorities are taking more forceful action to contain the growing financial troubles of one of the country’s biggest shadow lenders.Police in Beijing said over the weekend that they had taken “criminal coercive measures”—a euphemism for arrests—against multiple employees of Zhongzhi Enterprise. The privately held conglomerate operates several businesses that sold investment products to many wealthy individuals and companies in China, and has struggled for months to make promised payments to investors.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

27Nov

By adminNo Comments

World

China Scrambles to Contain a Looming Shadow-Bank Meltdown

Chinese authorities are taking more forceful action to contain the growing financial troubles of one of the country’s biggest shadow lenders.Police in Beijing said over the weekend that they had taken “criminal coercive measures”—a euphemism for arrests—against multiple employees of Zhongzhi Enterprise. The privately held conglomerate operates several businesses that sold investment products to many wealthy individuals and companies in China, and has struggled for months to make promised payments to investors.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

The Big Bank With a $15 Billion Conundrum in China

21Nov

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Money

The Big Bank With a $15 Billion Conundrum in China

HSBC Holdings has a $15 billion headache in China—a big stake in a local lender that it can’t easily sell and that could require a big write-down.Long after most other Western banking giants have exited similar positions, HSBC has held on to its roughly 19% position in Bank of Communications, an investment that dates back to 2004. HSBC, Europe’s largest bank by market value, has said the stake is strategically important for its ambitions to grow in Asia.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

China’s Problem With Unfinished Homes Keeps Getting Bigger

19Nov

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World

China’s Problem With Unfinished Homes Keeps Getting Bigger

Updated Nov. 19, 2023 12:01 am ETChina’s housing market has a big problem: millions of unfinished homes that were sold but not delivered.Solving that is crucial for a recovery, but the problem keeps getting bigger. More property developers are defaulting on their debt and adding to the logjam of construction delays and stalled residential developments across the country. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Avoiding China Has Been a Winning Investment Strategy. But It Isn’t Easy.

17Nov

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Money

Avoiding China Has Been a Winning Investment Strategy. But It Isn’t Easy.

Nov. 16, 2023 11:00 pm ETInvestors in emerging-market stocks have profited this year by staying away from China. The MSCI China Index is down 8% this year through Nov. 15, while a broader emerging-markets benchmark that excludes China has risen 8% over the same period. Chinese stocks have been weighed down by the country’s shaky economic reopening, a pullback by foreign portfolio managers and an increasing reluctance among the country’s small investors to buy stocks.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

17Nov

By adminNo Comments

World

Avoiding China Has Been a Winning Investment Strategy. But It Isn’t Easy.

Nov. 16, 2023 11:00 pm ETInvestors in emerging-market stocks have profited this year by staying away from China. The MSCI China Index is down 8% this year through Nov. 15, while a broader emerging-markets benchmark that excludes China has risen 8% over the same period. Chinese stocks have been weighed down by the country’s shaky economic reopening, a pullback by foreign portfolio managers and an increasing reluctance among the country’s small investors to buy stocks.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8