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Top related persons:
Aly - 1 Huang Yan - 1 Jason Xue - 1 Tom Westbrook - 1 Tomasz Janowski - 1 Jason Neely - 1
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Shanghai China Shenzhen Zhongrong Jiangsu Singapore
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REUTERS - 1 Rights - 1 Zhongrong International - 1 Co - 1 Investors - 1 Shanghai QiuYang - 1 Zhongzhi Enterprise Group - 1 Wednesday - 1

Search resuls for: "Jiangsu Azure Corp"


2 mentions found


☆ Zhongrong Trust's missed payments trigger fears among Chinese investors
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +3 min
Investors look at an electronic board showing stock information at a brokerage house in Shanghai, China, March 7, 2016. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI, Aug 16 (Reuters) - Anxious Chinese retail investors are bombarding listed companies with questions about their exposure to Zhongrong International Trust Co after missed payments by the trust company triggered fears of contagion across the country's financial system. Zhongrong managed assets worth 785.7 billion yuan ($107.69 billion) at the end of 2022, out of which 629.3 billion yuan were linked to trust products, according to its latest annual report. Its missed payments had added to stress in the financial sector from the country's worsening property crisis. One investor on Wednesday asked Shanghai-listed New China Life Insurance Company (601336.SS) - which owned 14 billion yuan ($1.92 billion) of products from Zhongrong at the end of last year - whether there was a risk of missed payments.
Persons: Aly, Huang Yan, Jason Xue, Tom Westbrook, Tomasz Janowski, Jason Neely Organizations: REUTERS, Rights, Zhongrong International, Co, Investors, Shanghai QiuYang, Zhongzhi Enterprise Group, Wednesday, Shanghai, China Life Insurance, KBC Corp, Bescient Technology, Shanghai New Vision Microelectronics, Nanhua, Jiangsu Azure Corp, Topsperity Securities, Thomson Locations: Shanghai, China, Shenzhen, Zhongrong, Jiangsu, Singapore
☆ Geopolitical tensions with the U.S. could 'supercharge' China's innovation, JPMorgan says
  + stars: | 2022-10-07 | by ( Abigail Ng | ) www.cnbc.com   time to read: +1 min
An employee works on the production line of semiconductor wafer at a factory of Jiangsu Azure Corporation Cuoda Group. China has stepped up investment into its chip industry in a bid to be self-reliant in crucial technology needed for electric vehicles, smartphones and more. U.S.-China tensions have pushed Beijing to be more self-sufficient, and that could be a good thing for innovators in China, according to an investment specialist at JPMorgan Asset Management. In the mid-1990s, Chinese companies were mostly mass market manufacturers of "commoditized goods," he added. "I think that the geopolitical tension you're talking about will just actually supercharge that — because China needs to do these things itself, and they will carry on with progress in that area."
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