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China Automotive Systems (CAAS) Q4 2020 Earnings Call Transcript


Operator
Greetings, and welcome to the China Automotive Systems fourth-quarter 2020 conference call. [Operator instructions] I would now like to turn the conference over to your host, Mr. Kevin Theiss, investor relations. Please go ahead, sir.
Kevin Theiss
Investor Relations
Thank you, everyone for joining us today. Welcome to China Automotive Systems 2020 fourth quarter and annual conference call. Joining us today are Mr. Qizhou Wu, chief executive officer; and Mr.
Jie Li, chief financial officer of China Automotive Systems. They will be available to answer questions later in the conference call with the assistance of translation. Before we begin, I ll remind all listeners that throughout this call, we may make statements that may contain forward-looking statements. Forward-looking statements represent the company s estimates and assumptions only as of the date of this call. ....

United States , Great Wall , China General , William Gregozeski , William Gregozeski Greenridge , Qizhou Wu , Kevin Theiss , Jie Li , Exchange Commission , China Association Of Automobile Manufacturers , China Automotive Systems , China Automotive , China Association , Automobile Manufacturers , Brilliance Auto , Chery Auto , Fiat Chrysler , Hyoseong Wuhan Motion Mechatronic System , North American , ஒன்றுபட்டது மாநிலங்களில் , நன்று சுவர் , சீனா ஜநரல் , ஜிே லி , பரிமாற்றம் தரகு , சீனா சங்கம் ஆஃப் ஆட்டோமொபைல் உற்பத்தியாளர்கள் , சீனா தானியங்கி அமைப்புகள் ,

China's Crackdown on Defaulters Starts to Embolden Creditors


China’s Crackdown on Defaulters Starts to Embolden Creditors
Bloomberg
2/24/2021
Bloomberg News
(Bloomberg) Chinese bondholders are gaining more power in the corporate restructuring process, underscoring a renewed push by authorities to reform the nation’s $5.2 trillion credit market.
Following a slew of defaults late last year that rattled markets, disgruntled creditors have successfully pushed for borrower concessions that would have seemed out of reach in China only a year ago. They reversed a major automaker’s plan to make a profitable unit less accessible to bondholders, forced an energy producer to sweeten a debt swap offer and secured an unprecedented court ruling that required a construction company’s underwriter, rating firm and auditor to compensate individual bondholders. ....

Wu Yang , Liaoning Xinrui , Changzhou Intermediate People Court , Wintime Energy Co , Liaoning Xinrui Automotive Industry Development Co , Wuyang Construction Group Co , Wintime Energy , Brilliance Auto Group Holdings Co , Brock Silvers , Bloomberg Mounting Defaults , Hong Kong Listed , Liaoning Xinrui Automotive Industry Development , Brilliance Auto , Wuyang Construction , வு யாங் , புத்திசாலித்தனம் ஆட்டோ குழு ஹோல்டிங்ஸ் இணை , புரோக் வெள்ளிகள் , ஹாங் காங் பட்டியலிடப்பட்டுள்ளது , புத்திசாலித்தனம் ஆட்டோ ,