Shu Zhang
Recent Stories By Shu Zhang:
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China tightens rules on insurers to fight local govt. debt riskJanuary 18, 2018
BEIJING (Reuters) - Chinese authorities have tightened rules on how insurers can provide financing to local governments, as Beijing intensifies its crackdown on illicit local government borrowing and...
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China's Yunnan to inject capital in firm that missed shadow loan payments - sourcesJanuary 16, 2018
BEIJING (Reuters) - A Yunnan state-owned investment company that defaulted last month on two trust loans has secured financing to repay those loans and is set to get 2 billion yuan in additional...
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China's Yunnan Capital has repaid overdue trust loans: XinhuaJanuary 16, 2018
Reuters reported on Monday citing sources that Yunnan Capital, fully owned by the provincial government's state asset regulator, missed payments of more than 900 million yuan that it had borrowed...
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Consumer loan securitization boom put on hold as China clamps down on leverageJanuary 5, 2018
BEIJING (Reuters) - A boom in asset-backed securities issued by micro-lenders aiming to expand in China's fast-growing online credit market looks set to slow this year amid growing regulatory...
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Code crackdown: China payments restrictions to hit profits January 5, 2018
BEIJING (Reuters) - A decision by China's central bank to rein in reserve funds held by payment firms could cost the industry upwards of $689 million a year, spur consolidation and alter the way Asia...
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China's HNA buys back bonds, bank flags repayment issue December 18, 2017
(Reuters) - China's HNA Group [HNAIRC.UL] said it had repurchased some of its bonds and planned to buy back more as one of the country's biggest banks stated the acquisitive conglomerate was...
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Exclusive: More Chinese lenders plan to pursue RCom in insolvency court - sourcesDecember 5, 2017
HONG KONG/MUMBAI/BEIJING (Reuters) - Two major Chinese lenders plan to support a move by China Development Bank to put Indian wireless carrier Reliance Communications (RCom) into insolvency court as...
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Chinese firms scrap plans for micro loan business amid crackdown on 'blind borrowing'November 23, 2017
BEIJING (Reuters) - A Chinese menswear firm and a leading maker of POS terminals said late on Wednesday they had given up plans to set up micro-loan units, one day after policymakers took steps to...
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China clamps down on online micro lending; U.S.-listed shares plungeNovember 22, 2017
BEIJING (Reuters) - China took steps to rein in the rapidly growing and lightly regulated market for online micro-lenders in the government's latest crackdown on internet finance, sending shares of U...
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China sets sweeping new rules to regulate $15 trillion asset management productsNovember 17, 2017
BEIJING (Reuters) - China's central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country's...
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For China's top lenders, third quarter profits grow, bad loans easeOctober 30, 2017
BEIJING (Reuters) - Four of China's 'Big Five' state-owned banks reported higher quarterly profits and slower growth in bad loans, helped by a resilient economy and checks on the shadow banking...
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Chinese creditors find even state-backed credit protection has its limitsSeptember 29, 2017
BEIJING (Reuters) - Since the collapse more than two years ago of China's second-biggest loan guarantor, the state-backed Hebei Financing Investment Guarantee Group, creditors including powerful...