Ant Group Co. has completed the first sustainability-linked loan arrangement in China’s tech sector. The Chinese fintech company spun off from Alibaba Group Holding Ltd. has arranged a sustainability-linked revolving credit line with French bank BNP Paribas SA, according to a statement Monday. Sustainability-linked loans (SLLs) have interest rates that change depending on if corporations […]
Category: Investment
China’s central bank is making stabilizing economic growth a top priority and will step up support for weak sectors, Deputy Governor Chen Yulu said. The People’s Bank of China has guided loan interest rates lower from an already low level, Chen said Thursday at a press briefing in Beijing. He reiterated the PBOC’s pledge to […]
State conglomerate China Resources is in early-stage talks with Sihuan Pharmaceutical’s chairman about jointly taking the Hong Kong-listed company private in a deal valuing it at nearly $3 billion, two people with knowledge of the matter said, reports Reuters. Sihuan is attractive to China Resources (Holdings) Co Ltd, they said, due to sharp growth for […]
JD Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been forthcoming, said four people with knowledge of the matter, reports Reuters. The financial technology, cloud and artificial intelligence arm of JD.Com applied […]
Property developer Sunac China did not make an interest payment on a $742 million offshore bond by the time a grace period expired and expects it will not make payments on other bonds coming due, the company said on Thursday, reports Reuters. It had been due to pay $29.5 million in interest on the October […]