Foreign insurers operating in China continue to face significant barriers to market access, the Financial Times reported, citing a study by PricewaterhouseCoopers (PwC). While about 45 foreign insurers have set up operations in the mainland with Chinese partners, many are frustrated by restrictions governing joint venture structures, branch locations and product offerings. The foreign insurers […]
Category: Banking & Finance
China Railway Group plans to issue as much as US$2.2 billion (RMB15 billion) in short-term corporate bonds in order to reduce long-term debt, the South China Morning Post reported. "We now have one-third short-term debt and two-thirds long-term debt," the firm’s vice-president Li Jiansheng was quoted as saying. "After issuing the corporate bonds, we can […]
Concrete pump maker China Jarlway Holdings, trying to repay its debts, plans to cancel its listing on the London Stock Exchange’s Alternate Investment Market (AIM) at the end of the month, the Financial Times reported. AIM’s growth is focused on attracting foreign companies, but several of its listed companies have started to look elsewhere for […]
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Follow the money
Banks are keen to help affluent Chinese make the most of their wealth
It is perhaps unusual to find a 26-year-old at the summit of China’s rich list, but the origins of Yang Huiyan’s fortune – which the Hurun Report listed as US$17.5 billion in 2007 – are fairly typical. Yang received a 59.5% stake in Country Garden, her family’s Guangdong-based real estate business, from her father, Yang […]