Cover Story: The Herculean Task of Bailing Out Huarong - As the scandal-plagued bad asset manager reports $15.9 billion of red ink for 2020, it may have to raise almost that much from investors and asset sales
UPDATE 1-Moody s downgrades China Huarong over $16 billion loss reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
CX Daily: What Could Stop The Hottest Thing In IPOs From Landing In Hong Kong -The U.S. slashes inbound Chinese passenger flights to 40% of capacity. China’s financial regulators summon Evergrande’s senior management for a talk
Bloomberg News, Bloomberg News People take an escalator in the Lujiazui financial district in Shanghai, China, on Monday, Dec. 21, 2020. Chinaâs central bank is striking out on its own with signals of tighter monetary policy, widening a divergence with other large economies that will shape global capital and trade flows next year. Photographer: Qilai Shen/Bloomberg , Bloomberg
(Bloomberg) Chinaâs two largest investment banks are making broad cuts to travel budgets that will impact junior bankers as well as senior directors as they seek to reign in costs and boost profitability.
Starting this month, CSC Financial Co. managing directorsâ domestic travel will be downgraded to economy flights and second class or hard-berth train seats, according to a memo seen by Bloomberg. Larger rival Citic Securities Co. also asked managing directors to fly coach, according to a separate memo, which did not specify which class of
Carlyle Reportedly Weighs Stake Sale in Satellite Firm AsiaSat themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.