Bond issuances by China’s embattled property firms dropped steeply in the months from January through March, reports the South China Morning Post. Major developers only issued bonds of RMB 35.5 billion ($5.6 billion) in Q1 2022, a decline of 68% year-on-year, according to data from a unit of Beike, China’s biggest online property broker. Altogether […]
Category: Investment
The private equity market in China is likely to slow down after years of massive growth as worldwide investors show increasing concerns around the country’s dropping economic growth and widening investment risk, according to a recent Bain & Co report, reports Caixin. Rising geopolitical tensions and tighter industry regulations cast a cloud over the Greater […]
The total dividend payout amount by firms in the CSI 300, which tracks the largest stocks in Shenzhen and Shanghai, is expected to be over RMB 1 trillion ($157.2 billion) for 2021 for the first time, increasing from RMB 395.1 billion in 2021, according to an S&P Global Market Intelligence study, reports the South China […]
London-based bank HSBC has increased its holdings in its Chinese securities venture to 90%, giving the bank better purchase in the the Chinese economy, reports Bloomberg. Europe’s largest bank increased its stake in HSBC Qinghai Securities from 51% through the partial buyout of its partner Qinghai Financial Holdings, which will keep a 10% stake. The […]
PetroChina, China’s biggest oil and gas producer, posted net profits of RMB 92.17 billion ($14.53 billion) in 2021, the largest since 2014 and nearly a five-fold increase on 2020, thanks to a recovering global economy, reports Reuters. The firm also announced aims to have renewable energies constitute a third of its portfolio by 2035 and […]