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Top related persons:
Raul Ariano - 1 John Bilton - 1 CNBC's - 1 Bilton - 1 Kristalina Georgieva - 1 Washington - 1 Antony Blinken - 1 Blinken - 1
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China Yuyuan Shanghai People's Bank of China BEIJING Beijing United States Cuba
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Bloomberg - 1 Getty - 1 JPMorgan Asset Management - 1 People's Bank of - 1 International Monetary Fund - 1 IMF - 1 CNBC - 1 U.S - 1

Search resuls for: "Yuyuan"


5 mentions found


☆ Treating China as ‘un-investable’ would be ‘wide of the mark,’ JPMorgan strategist says
  + stars: | 2024-02-13 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +1 min
"I don't think you can treat the world's second-largest economy as either an alternative investment or un-investable, that would be wide of the mark," Bilton said. Uncertainty around monetary policy and a shrinking labor force are further causes for concern, Bilton noted. Some analysts saw this as potential dovish policy shift from the PBOC, which has appeared reluctant to take measures that could boost the struggling economy. Financial bodies including the International Monetary Fund have called for further monetary policy reforms since then. IMF Managing Director Kristalina Georgieva told CNBC this week that China had been advised to make use of more of its available fiscal and monetary policy space.
Persons: Raul Ariano, John Bilton, CNBC's, Bilton, Kristalina Georgieva Organizations: Bloomberg, Getty, JPMorgan Asset Management, People's Bank of, International Monetary Fund, IMF, CNBC Locations: Yuyuan, Shanghai, China, People's Bank of China
☆ China says US eagerness to engage is an 'illusion'
  + stars: | 2023-06-13 | by ( ) www.reuters.com   time to read: +3 min
BEIJING, June 13 (Reuters) - A widely followed state-backed Chinese social media account accused Washington of repeatedly playing tricks and creating the "illusion" that it is eager to engage with China, days before an expected visit by U.S. Secretary of State Antony Blinken. While not yet announced by the State Department, a U.S. official has said Blinken will be in China for talks on June 18. Blinken, in February, cancelled a visit to Beijing after a suspected Chinese spy balloon flew across the United States. Underscoring the negative mood around the Blinken visit, a man on Tuesday sprayed painted anti-American graffiti on the wall and a gate of the U.S. consulate in Hong Kong. "Since the U.S. has repeatedly emphasised the need to strengthen high-level communication with China, whether Blinken will visit China is a litmus test of U.S. sincerity and political manoeuvring ability," Chinese state tabloid Global Times wrote in an editorial on Sunday.
Persons: Washington, Antony Blinken, Blinken, Joe Biden, Florence Lo, Ryan Woo, Lincoln Organizations: U.S, State Department, REUTERS, Hong Kong . Local, Global Times, Thomson Locations: BEIJING, China, Beijing, United States, Cuba, Havana, U.S, Hong Kong .
☆ China's Fosun to raise $561 million from mining sale stake as part of asset selldown
  + stars: | 2022-11-06 | by ( ) www.reuters.com   time to read: +1 min
Nov 7 (Reuters) - China's Fosun International Ltd (0656.HK) said on Monday it would raise $561 million by selling part of its shares in Zhaojin Mining Industry Co (1818.HK) as part of its ongoing string of asset sell-downs. The company, through one of its units, is offloading 654.1 million Zhaojin Mining shares for HK$6.72 each, a 1.8% discount from the closing price on Nov. 4. Fosun had owned about 22.85% of Zhaojin Mining's shares and will retain a 2.85% stake in the Hong Kong listed company. The transaction announced on Monday is the second time Fosun has sold Zhaojin stock and has raised $663.73 million from both deals. Fosun, controlled by billionaire entrepreneur Guo Guangchang, was once one of China's most aggressive dealmakers overseas, buying high-profile assets including resort brand Club Med.
☆ Moody's cuts Fosun International's credit rating, raises concerns over asset sales
  + stars: | 2022-10-26 | by ( Roxanne Liu Kane Wu | Roxanne Liu | Kane Wu | ) www.reuters.com   time to read: +3 min
BEIJING/HONG KONG, Oct 25 (Reuters) - Global credit rating agency Moody's downgraded Fosun International Ltd (0656.HK) by one notch on Tuesday and revised its outlook to "negative" from "ratings under review" amid concerns over the firm's accelerated asset sales. Fosun and its units had earlier cut stakes in firms such as New China Life Insurance (601336.SS) and Shanghai Yuyuan Tourist Mart Group (600655.SS). Fosun, controlled by billionaire entrepreneur Guo Guangchang, was once one of China's most aggressive dealmakers overseas, buying high-profile assets including resort brand Club Med. Fosun's cash on hand at the holding company level is insufficient to cover its short-term debt maturing over the next 12 months, Moody's added. Fosun also expects to gradually repay the outstanding senior notes and increase borrowings from banks, the report said.
☆ Moody's cuts Fosun International's rating, revises outlook to 'negative'
  + stars: | 2022-10-26 | by ( Roxanne Liu Kane Wu | Roxanne Liu | Kane Wu | ) www.reuters.com   time to read: +2 min
BEIJING/HONG KONG, Oct 25 (Reuters) - Global rating agency Moody's downgraded Fosun International Limited (0656.HK) by one notch on Tuesday and revised its outlook to 'negative' from 'ratings under review', after the firm divested more assets to ease liquidity and debt burdens. "Moody's expects Fosun to face difficulties in refinancing its sizable short-term debt in public bond markets, both onshore and offshore, given the current weak market sentiment," the rating agency said. Fosun's cash on hand at the holding company level is insufficient to cover its short-term debt maturing over the next 12 months, Moody's said. Fosun's management also plans to gradually repay the outstanding senior notes and increase borrowings from banks, the report said. The company did not make any comments on the Bloomberg story or the Citigroup report in response to queries from Reuters.
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