Fitch Ratings

New Business

Shanghai’s luxury home sales boom as wealthy buyers flock to ‘safe haven’ assets

Luxury home sales in Shanghai are defying a nationwide slump, as wealthy buyers snap up “safe haven” assets amid expectations…

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New Business

Chinese courier SF to raise US$752 million via Hong Kong shares, convertible bonds

SF Holding, China’s largest courier, announced plans on Thursday to raise more than HK$5.9 billion (US$752 million) through a new…

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New Business

China’s firms invest more efficiently when facing ‘trade shocks’: researchers

Chinese firms tend to invest more efficiently when facing higher duties or import restrictions, according to a study that highlights…

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New Business

Debt-laden China Vanke gets US$215 million loan from state-owned stakeholder

Indebted property developer China Vanke has secured a 1.55 billion yuan (US$215.4 million) loan from state-owned Shenzhen Metro Group, offering…

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New Business

Tightened standards to block many LGFVs from selling bonds in Shanghai, Fitch says

The Shanghai Stock Exchange’s decision to tighten its bond-sale standards is expected to prevent many weak Chinese local government financing…

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New Business

Fitch cuts China rating on weakening finances, debt concerns, following Trump tariffs

Fitch Ratings downgraded China’s sovereign rating on concerns over weakening finances and rising public debt, just one day after the…

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New Business

Chinese state banks’ 2024 profits rise and bad loans dwindle even as margins narrow

Chinese banks are reporting higher profits and smaller bad debts, helped by the central bank’s flexibility on how lenders provide…

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New Business

China Vanke’s Hong Kong unit sees strong sales in Tai Po project despite mortgage concerns

China Vanke sold nearly all of the more than 200 units on offer at its Le Mont project on the…

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New Business

China’s push for higher home quality risks further stressing developers, analysts say

China is rolling out measures to improve the livability of mainland flats in an attempt to boost sales and shore…

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New Business

Some Hong Kong banks refuse mortgages for China Vanke’s Le Mont project in Tai Po

Standard Chartered, one of the city’s three currency-issuing banks, and Chong Hing Bank were not accepting mortgage requests from potential…

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