Tag: HNA Group Co Ltd

Hong Kong Says It Calls the Shots, Not Beijing. Investors Are Wary.

Media Library

Isolated from the world and pulled closer into Beijing’s orbit over the past three years, Hong Kong is finding that its fortunes are tied more than ever to China. The city’s stock market, which is seen as a proxy for China’s economy, is among the world’s worst performing this year. The rivers of money that flowed into companies, minting new wealth, have slowed to a trickle. And there is the gnawing feeling that the once-vibrant international city that staked its reputation on being separate from China has itself become more…

China Evergrande Troubles Spread Through Property Sector

Chin@Strategy

When times were flush for the property developer China Fortune Land, it bought a trophy soccer club and recruited star athletes from Argentina. These days, the players with the club, Hebei F.C., are on indefinite leave because it can’t afford to keep the lights on. The developer is one of a growing number facing financial strain in China, challenging the narrative from Beijing that it can keep the country’s corporate debt crisis under control while avoiding the disorderly collapse of its property giants. Global markets just weeks ago were fretting…