BEIJING Chinese banks are expected to face headwinds raising funds next year as profit-conscious investors cling to the sidelines, expecting a wave of bad loans to hammer the sector and erode already slimming margins.
BEIJING, Dec 1 An investment arm of Beijing's city government is holding talks with shareholders of Phoenix Tree Holdings Ltd, known as Danke, on raising new funds to help turn around the cash-strapped Chinese property rental firm, three sources said on Tuesday.
BEIJING An investment arm of Beijing's city government is holding talks with shareholders of Phoenix Tree Holdings Ltd, known as Danke, on raising new funds to help turn around the cash-strapped Chinese property rental firm, three sources said on Tuesday.
HONG KONG/BEIJING Alibaba Group Holding Ltd and Tencent Holdings Ltd have each held separate talks with Baidu Inc to acquire a controlling stake in video streaming service iQIYI Inc, people with knowledge of the matter told Reuters.
* ByteDance has studied possibility of buying iQIYI stake -sources
HONG KONG/BEIJING Private equity firm Hillhouse Capital Group is in talks to take property developer SOHO China Ltd private, said four people with knowledge of the matter, in a deal that could be worth more than $2 billion and accentuate a trend in Hong Kong.
* Deal would mark Hillhouse's biggest bet on Chinese real estate
HONG KONG/BEIJING China Evergrande Group has taken to seeking loans at above-average interest rates in the shadow banking market, where caution even there over its cash flow hints at an increasingly fraught effort to reduce the property sector's biggest debt.
HONG KONG/BEIJING China's securities regulator is probing a potential conflict of interest in fintech giant Ant Group's planned $35 billion stock listing, delaying approval for what could be the world's largest IPO, three people with direct knowledge of the matter said.
China's move to sanction former Trump administration officials was "unproductive and cynical", a spokeswoman for President Joe Biden's National Security Council said on Wednesday, urging Americans from both parties to condemn the action.