China will issue special sovereign bonds to recapitalize some of its largest banks, reports Bloomberg. The move marks an expansion of Beijing’s efforts to fortify the nation’s $69 trillion financial system against a cooling economy and market volatility. A total of RMB 300 billion ($44 billion) worth of special government bonds will be sold this year […]
Category: Investment
State-owned Commercial Aircraft Corporation of China (Comac), manufacturer of the C909 regional airliner and flagship narrowbody C919, recently infused RMB 634 million ($91.76 million) into C909 launch customer Chengdu Airlines, reports the South China Morning Post. Comac has a 48% controlling stake of the airline. Combined with funding from other sources, the injection has nearly tripled […]
Unisplendour Corporation, a subsidiary of state-backed Tsinghua Holdings, has scrapped year-long plans to get listed on the Hong Kong stock exchange, reports the South China Morning Post. Instead, it will raise $800 million via a private share placement on the Shenzhen exchange. The Shenzhen-listed developer of cloud computing software and manufacturer of servers and storage systems […]
The Shanghai Integrated Circuit Industry Investment Fund, backed by the municipal government, has expanded one of its three funds more than 11-fold, reports the South China Morning Post. The move aims to pump more capital into the city’s chip firms as part of China’s broader pursuit of tech self-reliance. The third phase of the fund, also […]
As global capital trickles back toward China, policymakers are using tougher enforcement and cooling measures to slow the market’s pace in order to strengthen its appeal in the long term, reports Reuters. With fund managers now seeking to diversify away from dollar-heavy portfolios, Beijing’s calibrated approach could help reverse years of retreat when some investors even […]