|
Chinese Property Sector Crisis (2020–present)
The Chinese property sector crisis is a current financial crisis sparked by the 2021 default of Evergrande Group. Evergrande, and other Chinese property developers, experienced financial stress in the wake of overbuilding and subsequent new Chinese regulations on these companies' debt limits. The crisis spread beyond Evergrande in 2021 to such major property developers as Country Garden, Kaisa Group, Fantasia Holdings, Sunac, Sinic Holdings, and Modern Land. Following widespread online sharing of a letter in August 2021, in which Evergrande warned the Guangdong government that it was at risk of experiencing a cash crunch, shares plunged, impacting global markets which led to a slow-down of foreign investment in China. The company unsuccessfully attempted to sell assets to generate money, missed several debt payments, was downgraded by international ratings agencies and finally defaulted on an offshore bond at the beginning of December 2021. The ratings agency Fitch decla ... [...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] |
Chinese Property Bubble (2005–2011)
The 2005 Chinese property bubble was a real estate bubble in residential and commercial real estate in China. ''The New York Times'' reported that the bubble started to deflate in 2011, while observing increased complaints that members of the middle-class were unable to afford homes in large cities. The deflation of the property bubble is seen as one of the primary causes for China's declining economic growth in 2013. The phenomenon had seen average housing prices in the country triple from 2005 to 2009, possibly driven by both Government of the People's Republic of China, government policies and Chinese culture, Chinese cultural attitudes. High price-to-income and price-to-rent ratios for property and the high number of unoccupied residential and commercial units have been cited as evidence of a bubble. Later, average housing prices in the country increased between 2010 and 2013, Critics of the bubble theory point to China's relatively conservative Mortgage loan, mortgage lendi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leverage (finance)
In finance, leverage (or gearing in the United Kingdom and Australia) is any technique involving borrowing funds to buy things, hoping that future profits will be many times more than the cost of borrowing. This technique is named after a lever in physics, which amplifies a small input force into a greater output force, because successful leverage amplifies the comparatively small amount of money needed for borrowing into large amounts of profit. However, the technique also involves the high risk of not being able to pay back a large loan. Normally, a lender will set a limit on how much risk it is prepared to take and will set a limit on how much leverage it will permit, and would require the acquired asset to be provided as collateral security for the loan. Leveraging enables gains to be multiplied.Brigham, Eugene F., ''Fundamentals of Financial Management'' (1995). On the other hand, losses are also multiplied, and there is a risk that leveraging will result in a loss if financi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oxford University Press
Oxford University Press (OUP) is the university press of the University of Oxford. It is the largest university press in the world, and its printing history dates back to the 1480s. Having been officially granted the legal right to print books by decree in 1586, it is the second oldest university press after Cambridge University Press. It is a department of the University of Oxford and is governed by a group of 15 academics known as the Delegates of the Press, who are appointed by the vice-chancellor of the University of Oxford. The Delegates of the Press are led by the Secretary to the Delegates, who serves as OUP's chief executive and as its major representative on other university bodies. Oxford University Press has had a similar governance structure since the 17th century. The press is located on Walton Street, Oxford, opposite Somerville College, in the inner suburb of Jericho. For the last 500 years, OUP has primarily focused on the publication of pedagogical texts and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Three Red Lines
The three red lines (Chinese: 三條紅線, Simplified: 三条红线, Pinyin: sān tiáo hóng xiàn) are financial regulatory guidelines in China introduced in August 2020 relating to the ratio of debt to cash, equity and assets. It was introduced to help rein in the highly indebted property-development sector in China, seen especially in large real estate concerns such as Evergrande, which faced a liquidity crisis in Q4 2021. History The three red lines were introduced in August 2020. They stated property should adhere to the following rules: * Liabilities should not exceed 70 percent of assets (excluding advance proceeds from projects sold on contract) * Net debt should not be greater than 100 percent equity. * Money reserves must be at least 100 percent of short term debt Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which dif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
19th National Congress Of The Chinese Communist Party
The 19th National Congress of the Chinese Communist Party (commonly referred to as ''Shíjiǔ Dà''; ) was held at the Great Hall of the People, Beijing, between 18 and 24 October 2017. 2,280 delegates represented the party's estimated 89 million members. Preparations for the 19th National Congress began in 2016 and ended with a plenary session of the Central Committee a few days prior to the Congress. In 2016, local and provincial party organizations began electing delegates to the congress as well as receiving and amending party documents. It was succeeded by the 20th National Congress of the Chinese Communist Party. During the congress, a new guiding ideology, labeled Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, was written into the party's constitution. It marked the first time since Mao Zedong Thought that a living party leader has enshrined into the party constitution an ideology named after himself. The Congress also emphasized strength ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China Under Xi Jinping
Xi Jinping succeeded Hu Jintao as General Secretary of the Chinese Communist Party in 2012, and later in 2016 was proclaimed the CCP's 4th leadership core, following Mao Zedong, Deng Xiaoping, and Jiang Zemin. The name Xi Jinping administration is officially called the "Party Central Committee with Comrade Xi Jinping as General Secretary" () from 2012 to 2016, and "Party Central Committee with Comrade Xi Jinping as the Core" () since 2016. Xi's political ideas and principles, known as Xi Jinping Thought, have been incorporated into the party and national constitutions. As the central figure of the fifth generation of leadership of the PRC, Xi has centralized institutional power by taking on multiple positions, including new CCP committees on national security, economic and social reforms, military restructuring and modernization, and the Internet. He and the CCP Central Committee passed a historical resolution in November 2021. His rule is often described as an author ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xi Jinping
Xi Jinping ( ; ; ; born 15 June 1953) is a Chinese politician who has served as the general secretary of the Chinese Communist Party (CCP) and chairman of the Central Military Commission (CMC), and thus as the paramount leader of China, since 2012. Xi has also served as the president of the People's Republic of China (PRC) since 2013. The son of Chinese Communist veteran Xi Zhongxun, Xi was exiled to rural Yanchuan County as a teenager following his father's purge during the Cultural Revolution. He lived in a yaodong in the village of Liangjiahe, Shaanxi province, where he joined the CCP after several failed attempts and worked as the local party secretary. After studying chemical engineering at Tsinghua University as a worker-peasant-soldier student, Xi rose through the ranks politically in China's coastal provinces. Xi was governor of Fujian from 1999 to 2002, before becoming governor and party secretary of neighboring Zhejiang from 2002 to 2007. Following dismissal of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Secretary Of The Chinese Communist Party
The general secretary of the Chinese Communist Party () is the head of the Chinese Communist Party (CCP), the sole ruling party of the People's Republic of China (PRC). Since 1989, the CCP general secretary has been the paramount leader of the PRC. Overview According to the Constitution of the Chinese Communist Party, the general secretary serves as an ''ex officio'' member of the Politburo Standing Committee, China's ''de facto'' top decision-making body. The general secretary is also the head of the Secretariat. Since 1989, the holder of the post has been, except for transitional periods, the Chairman of the Central Military Commission, making the holder the supreme commander of the People's Liberation Army. The position of general secretary is the highest authority leading China's National People's Congress, State Council, Political Consultative Conference, Supreme People's Court and Supreme People's Procuratorate in the Chinese government. As the top leader of the w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese Communist Party
The Chinese Communist Party (CCP), officially the Communist Party of China (CPC), is the founding and One-party state, sole ruling party of the China, People's Republic of China (PRC). Under the leadership of Mao Zedong, the CCP emerged victorious in the Chinese Civil War against the Kuomintang, and, in 1949, Mao Proclamation of the People's Republic of China, proclaimed the establishment of the People's Republic of China. Since then, the CCP has governed China with List of political parties in China, eight smaller parties within its United Front (China), United Front and has sole control over the People's Liberation Army (PLA). Each successive leader of the CCP has added their own theories to the Constitution of the Chinese Communist Party, party's constitution, which outlines the ideological beliefs of the party, collectively referred to as socialism with Chinese characteristics. As of 2022, the CCP has more than 96 million members, making it the List of largest political parties ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hang Seng Index
The Hang Seng Index (HSI) is a freefloat-adjusted market- capitalization-weighted stock-market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong. These 66 constituent companies represent about 58% of the capitalisation of the Hong Kong Stock Exchange. HSI was started on November 24, 1969, and is currently compiled and maintained by Hang Seng Indexes Company Limited, which is a wholly owned subsidiary of Hang Seng Bank, one of the largest banks registered and listed in Hong Kong in terms of market capitalisation. It is responsible for compiling, publishing and managing the Hang Seng Index and a range of other stock indexes, such as ''Hang Seng China Enterprises Index'', ''Hang Seng China AH Index Series'', '' Hang Seng China H-Financials Index'', ''Hang Seng Composite Index Series'', ''Hang Seng China A Industry Top Index'', ''Hang Sen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Oxford University Press")
.png "Click for more on -> 19th National Congress Of The Chinese Communist Party")
