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Hong Kong developer NWD’s shares slump amid slow progress on cutting debt

New World Development (NWD) shares are down nearly 30 per cent since a new CEO was appointed in November and…

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New Business

Miniso issues US$550 million of debt for global expansion, share buy-backs

Chinese budget lifestyle goods retailer Miniso Group Holding is raising US$550 million from a debt instrument to fund its overseas…

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New Business

China’s local governments urged to rethink approach to infrastructure investment

China must address a rising problem of overinvestment in large but inefficient projects that is more rooted in habitual practice…

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New Business

New World faces risk of mounting losses amid Hong Kong property slump

Echo Huang Shaomei, the newly appointed CEO of heavily indebted New World Development (NWD), is facing a host of formidable…

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New Business

Chinese developer Sunac sells stake in Harbin Ice and Snow World Park for US$138 million

Beleaguered property developer Sunac China Holdings has sold its stake in Harbin Ice and Snow World Park, operator of one…

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New Business

New World Development sells Hong Kong sports park stake to parent to tackle debt

New World Development (NWD) has sold its stake in Hong Kong’s largest sports infrastructure project to parent Chow Tai Fook…

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New Business

Unit of Chinese developer R&F Properties defaults on US$147 million in interest payments

Chinese developer R&F Properties said a subsidiary missed interest payments on offshore notes in another sign of escalating troubles for…

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New Business

Opinion | The era of the entrepreneurial Chinese local government is over

Decentralisation of decision-making from the central government to local authorities is widely regarded as one of China’s most effective policy…

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New Business

Opinion | How America’s national debt has become the world’s liability

Put in perspective, the size of the global financial system per the Financial Stability Board at the end of 2022…

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New Business

China’s non-financial debt growth slows with firms and households unwilling to leverage up

Growth of debt within China’s non-financial sectors fell to the lowest level in more than two decades in the second…

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