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2020–2022 Chinese Property Sector Crisis
The 2020–2022 Chinese property sector crisis is a current financial crisis sparked by the difficulties of Evergrande Group and other Chinese real estate development, property developers in the wake of 2020–2021_Xi_Jinping_Administration_reform_spree#"Three_red_lines"_and_property_sector_regulation, new Chinese regulations on these companies' debt limits. The crisis spread beyond Evergrande in 2021, however, and also affected such major property developers as Kaisa Group, Fantasia Holdings, Sunac, Sinic Holdings, and Modern Land. Following widespread online sharing of a letter in August 2021, in which Evergrande reportedly warned the Guangdong government that it was at risk of experiencing a cash crunch, shares in the company plunged, impacting global markets and leading to a significant slow-down of foreign investment in China during the period August to October 2021. After rumours of financial difficulties surfaced in the summer of 2021, the company unsuccessfully attempted ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
20210305 Residential Buildings Developed By Evergrande In Yuanyang
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest positive integer. It is also sometimes considered the first of the infinite sequence of natural numbers, followed by 2, although by other definitions 1 is the second natural number, following 0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally accepted until the mid-20th century. Additionally, 1 is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shell Companies
A shell corporation is a company or corporation that exists only on paper and has no office and no employees, but may have a bank account or may hold passive investments or be the registered owner of assets, such as intellectual property, or ships. Shell companies may be registered to the address of a company that provides a service setting up shell companies, and which may act as the agent for receipt of legal correspondence (such as an accountant or lawyer). The company may serve as a vehicle for business transactions without itself having any significant assets or operations. Shell companies are used regularly for tax evasion, tax avoidance, money laundering, or to achieve a specific goal such as anonymity. Anonymity may be sought to shield personal assets from others, such as a spouse when a marriage is breaking down, from creditors, or from government authorities. Shell companies can have legitimate business purposes. They may, for example, act as trustee for a trust, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supply Chain Finance
Supply chain financing (or reverse factoring) is a form of financial transaction wherein a third party facilitates an exchange by financing the supplier on the customer's behalf. Also it refers to the techniques and practices used by banks and other financial institutions to manage the capital invested into the supply chain and reduce risk for the parties involved. Unlike traditional factoring (where a supplier wants to finance its receivables), supply chain financing is initiated by the ordering party (the customer) in order to help its suppliers to finance its receivables more easily and at a lower interest rate than what would normally be offered. In 2011, the reverse factoring market was still very small, accounting for less than 3% of the factoring market. Method The reverse factoring method, still rare, is similar to the factoring insofar as it involves three actors: the ordering party (customer), the supplier, and the factor. Just as basic factoring, the aim of the pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Risk
Market risk is the risk of losses in positions arising from movements in market variables like prices and volatility. There is no unique classification as each classification may refer to different aspects of market risk. Nevertheless, the most commonly used types of market risk are: * '' Equity risk'', the risk that stock or stock indices (e.g. Euro Stoxx 50, etc.) prices or their implied volatility will change. * '' Interest rate risk'', the risk that interest rates (e.g. Libor, Euribor, etc.) or their implied volatility will change. * '' Currency risk'', the risk that foreign exchange rates (e.g. EUR/USD, EUR/GBP, etc.) or their implied volatility will change. * '' Commodity risk'', the risk that commodity prices (e.g. corn, crude oil) or their implied volatility will change. * ''Margining risk'' results from uncertain future cash outflows due to margin calls covering adverse value changes of a given position. * ''Shape risk'' * '' Holding period risk'' * '' Basis risk'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth Management Product
A wealth management product (WMP; ) is an uninsured financial product sold in China by banks and other financial institutions. Typically they offer a high rate of interest, and sometimes, purportedly guaranteed return. As of 2016, $2.8 trillion had been sold by banks during the previous 5 years. While the government sometimes intervenes to prevent losses by investors, some WMPs have failed. Financial experts such as David Daokui Li of Tsinghua University, a member of the Chinese central bank’s monetary policy committee, believe wealth management products pose substantial risks to China's financial stability. Wealth management products grew rapidly throughout 2015 and 2016. Chinese households, companies and banks held a record balance of $3.9 trillion (26.3 trillion yuan) of WMPs as of June 30, 2016. See also * Corporate debt bubble The corporate debt bubble is the large increase in corporate bonds, excluding that of financial institutions, following the financial crisis of 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million ( US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guangzhou F
Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kong and north of Macau, Guangzhou has a history of over 2,200 years and was a major terminus of the maritime Silk Road; it continues to serve as a major port and transportation hub as well as being one of China's three largest cities. For a long time, the only Chinese port accessible to most foreign traders, Guangzhou was captured by the British during the First Opium War. No longer enjoying a monopoly after the war, it lost trade to other ports such as Hong Kong and Shanghai, but continued to serve as a major transshipment port. Due to a high urban population and large volumes of port traffic, Guangzhou is classified as a Large-Port Megacity, the largest type of port-city in the world. Due to worldwide travel restrictions at the beginni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South China Sea
The South China Sea is a marginal sea of the Western Pacific Ocean. It is bounded in the north by the shores of South China (hence the name), in the west by the Indochinese Peninsula, in the east by the islands of Taiwan and northwestern Philippines (mainly Luzon, Mindoro and Palawan), and in the south by Borneo, eastern Sumatra and the Bangka Belitung Islands, encompassing an area of around . It communicates with the East China Sea via the Taiwan Strait, the Philippine Sea via the Luzon Strait, the Sulu Sea via the straits around Palawan (e.g. the Mindoro and Balabac Straits), the Strait of Malacca via the Singapore Strait, and the Java Sea via the Karimata and Bangka Straits. The Gulf of Thailand and the Gulf of Tonkin are also part of the South China Sea. The shallow waters south of the Riau Islands are also known as the Natuna Sea. The South China Sea is a region of tremendous economic and geostrategic importance. One-third of the world's maritime shipp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yangpu Peninsula
The Yangpu Peninsula () is a peninsula located in Danzhou, on the northwestern coast of Hainan Province, China. It has a coastline containing many natural harbors. An expressway connects the peninsula to Haikou, the capital of the province, which is to the east. Geology It has plentiful deposits of titanium. Yangpu Economic Development Zone The zone is an area covering . that contains the Port of Yangpu, an oil refinery, a petroleum commercial reserve base, a 448,000 K power station, and the town of Yangpu. The area is Hainan's largest economic zone and the first development zone approved for lease to foreign investors by the Chinese government. Yangpu Ancient Salt Field This archeological heritage site is located in Yantian village. The area comprises more than 1,000 stones, cut flat on top, used to dry seawater to produce salt. See also * Ocean Flower Island Ocean Flower Island (), or Haihua Island, is an under-construction, artificial archipelago located off the north ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hainan
Hainan (, ; ) is the smallest and southernmost province of the People's Republic of China (PRC), consisting of various islands in the South China Sea. , the largest and most populous island in China,The island of Taiwan, which is slightly larger, is claimed but not controlled by the PRC. It is instead controlled by the Republic of China, a ''de facto'' separate country. makes up the vast majority (97%) of the province. The name means "south of the sea", reflecting the island's position south of the Qiongzhou Strait, which separates it from Leizhou Peninsula. The province has a land area of , of which Hainan the island is and the rest is over 200 islands scattered across three archipelagos: Zhongsha, Xisha and Nansha. It was part of Guangdong from 1950–88, after which it resumed as a top-tier entity and almost immediately made the largest Special Economic Zone by Deng Xiaoping as part of the then-ongoing Chinese economic reform program. Indigenous peoples lik ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ocean Flower Island
Ocean Flower Island (), or Haihua Island, is an under-construction, artificial archipelago located off the north coast of Danzhou, Hainan, China, west of the Yangpu Peninsula. The project, being built by the Evergrande Group, will consist of three independent islets with a total area of . The project has received an investment of 160 billion RMB (US$24 billion) and was scheduled for completion in 2020. During the 2021 National Day, the island attracted over 200,000 visitors. Corruption and demolition order Hainan politician Zhang Qi, who was later convicted of corruption, approved land reclamation for the island in conflict with environmental protection laws. The construction of the island caused damages to coral reefs and oyster populations. The boundaries of the environmental protection area around the island were later restored. On 30 December 2021, in the middle of its liquidity crisis, the developer Evergrande received a demolition order from the city of Danzhou relating ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
