PODCAST: Ping An Trust Misses a Payment, and SAIC Sells Down Its India Venture
Ping An Trust has missed a $100 million payment on a wealth management product tied to Zhenro, a property developer. Does this show the woes afflicting China's trust industry are creeping up the food chain to top-tier names like Ping An? And leading automaker SAIC has sold 51% of its India venture to local partners for $624 million. Is this purely a commercial move, or is it also motivated by concerns about recent China-India tensions?
Fosun International on cusp of new ‘asset-light’ era with latest sale
The conglomerate is selling its stake in multinational insurer Ageas, extending a slimming exercise touched off by a liquidity crisis in 2022 Key Takeaways: Fosun International’s total debt-to-capitalization ratio stood…
PODCAST: A Fitch Downgrade, and New Steps to Bring Back Global Tourists
Fitch has lowered its outlook on China's sovereign rating to "negative," citing economic uncertainty. What does this mean for investors, and what's the likelihood of an actual ratings downgrade? And China has ordered all hotels rated three stars or higher to accept foreign credit cards. Will this help to bring back foreign travelers after three years of Covid isolation?
Juicy margins set Zhongmiao apart among stodgy insurers
The insurance broker controlled by home-appliance maker Haier has filed for an IPO, boasting solid profits underpinned by its focus on corporate policies and a light cost structure Key Takeaways:…
Tian Tu plunges into the red on sagging Hong Kong stock market
The venture capital company posted 814 million yuan in investment losses last year, reversing 337 million yuan in gains for 2022 Key Takeaways: Tian Tu Capital posted an 873 million…
PODCAST: Relaxing Data Requirements, and a Big Dividend
China exempts most foreign firms from worrisome data requirements. But will it change its mind later? And a leading fintech lender offers a massive dividend. But shareholders worry more about its rapidly shrinking size.
Luzhou Bank’s profit growth looks sweet, but could mask souring loans
The regional bank’s profit grew strongly last year largely on non-operational investment gains, amid signs of increasing defaults on its loans Key Takeaways: Luzhou Bank’s profit rose 23% last year,…
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