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Sunac China shares plunge
Sunac China shares, bonds sink after liquidation petition filed against developer
Sunac China shares and bonds plunged on Friday (Jan 10) after a liquidation petition was filed against the property developer, adding to concerns over its business recovery and repayment ability despite an offshore debt restructuring in 2023.
Developer Sunac China Receives Liquidation Petition in Hong Kong
Defaulted builder Sunac China Holdings Ltd. has received a liquidation petition in Hong Kong, according to the city’s judiciary website.
China's Shimao Group Receives Liquidation Petition
(Reuters) - China's Shimao Group said on Friday CPYM Link Investment Limited had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.19 million) cross-border loan guarantee provided by the property developer.
Hong Kong, China and Week In Review
China Market Update: Mainland Investors Buy $6 Billion In Hong Kong On Weakness, Week In Review
Asian equities were mixed but mostly lower overnight as Pakistan and Thailand outperformed and Mainland China and Singapore underperformed. US markets were closed yesterday to commemorate the passing of former president Jimmy Carter.
China to Issue Central Bank Bills in Hong Kong Amid Weakening Yuan
The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize the yuan’s exchange rate in the offshore market.
Hong Kong stocks set for worst week in 2 months on China outlook, trade tensions
Hong Kong stocks fell, set for the biggest weekly loss in almost two months, as investors fret about the strength of China’s economic recovery amid weak consumption at home and heightened tensions in US-China trade ties.
11h
on MSN
Chinese toymaker taps ‘kidult’ craze as shares soar on Hong Kong debut
Shares in Bloks Group, a maker of Transformers and other toy figurines, as much as doubled on their Hong Kong debut on Friday ...
22h
China's Country Garden proposes deal to reduce offshore debt by $11.6 bln
Country Garden has proposed a deal to its offshore creditors that will cut its debt by $11.6 billion, paving the way for the ...
Christianity Today
11h
In Hong Kong, One Pastor Ministers to a Gen Z Protester in Prison
Amid high rates of depression and anxiety among young people, Christian leaders boost efforts to address mental health ...
7h
Hong Kong’s leader calls on entrepreneurs to seize opportunities over border
City leader John Lee tells Shenzhen summit that opportunities are waiting for companies willing to pursue innovation and ...
International Monetary Fund
15h
People’s Republic of China—Hong Kong Special Administrative Region: Staff Concluding Statement of the 2024 Article IV Mission
Hong Kong SAR’s economy is on a path of gradual but uneven recovery after a protracted period of shocks. With continued economic slack and external and domestic headwinds, policies should be geared ...
1d
HSBC Analysts See 21% Upside for Hong Kong-Listed Chinese Stocks
HSBC Holdings Plc is turning bullish on Chinese stocks listed in Hong Kong, touting them as beneficiaries of more “favorable ...
4h
Outspoken economist Gao Shanwen leaves his Hong Kong financial firm: source
Gao’s license in Hong Kong lapsed at the end of last month, and he is no longer working at a financial firm in the city, SFC ...
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