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Top News In Huachen Automotive Group Today - Breaking & Trending Today

Brilliance Boss's HK Bribery Probe Poses Risks for JVs

Arrest of chairman adds to company’s controversial history ....

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Еще 11 видов животных признали в России вероятно исчезнувшими

Еще 11 видов животных признали в России вероятно исчезнувшими
lenta.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lenta.ru Daily Mail and Mail on Sunday newspapers.

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Китай продавил BMW ради бедных

Китай продавил BMW ради бедных
lenta.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lenta.ru Daily Mail and Mail on Sunday newspapers.

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The Parent Of BMW's Chinese Partner And Its Executives Fined Nearly $9M By Gov Regulators

False reporting and incomplete disclosures have led China’s securities regulator to fine Huachen Automotive Group Holdings and some of its executives a total of nearly $9 million.
The company owns Brilliance China Automotive, BMW’s main Chinese partner. Together, the companies formed BMW Brilliance Automotive under China’s requirement that foreign automakers partner with local companies.
BMW Brilliance accounts for nearly all of Brilliance’s profit, per Reuters. As Huachen Automotive Group sought to launch its own automotive brands, it sank deeply into debt. In 2020, the company defaulted on 6.5 billion yuan (a little over $1 billion USD) in debt last year. ....

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China policy and markets round-up: Ant reaches restructuring agreement, MSCI launches China tech indices

In this round-up, Ant Group and the Chinese regulators have reportedly agreed on a restructuring plan that will see the online payments firm transform into a financial holding company, and MSCI rolls out two new indices tracking new economy companies in China. ....

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