Hints and tips:
...In May, Moody’s downgraded Cinda’s Hong Kong unit, citing “increasing risks arising from the company’s sizeable real estate exposure”....
...Additional reporting by Edward White in Seoul This story has been amended to reflect that Huarong’s net loss was Rmb18.9bn ($2.8bn)...
...However, the rating group has maintained stable outlooks and A ratings for Great Wall, Cinda and Orient, noting also that each group enjoys strong implicit state support....
...Great Wall and Orient, along with Cinda and Huarong, make up the quartet of bad debt managers....
...Nearly two decades later, Huarong and Cinda, Great Wall and China Orient, its cousins, have disposed of their legacy assets and insist they have transformed themselves into profit-driven entities that buy...
...Cinda Asset Management became the first of the four bad banks to go public last December when it raised $2.5bn through an initial public offering in Hong Kong....
...The list of investors also includes Haier, a Chinese white goods maker; Hopu, a Chinese private equity group; Bank of China and ICBC, the giant state-owned banks; CICC, a domestic investment bank; and Cinda...
...(Financial Times) The White House is considering Stanley Fischer for vice-chair of the US Federal Reserve in a move that would add one of the world’s most respected economists to the central bank under...
International Edition