Tag: 中国经济泡沫 China’s economic bubble

  • Chinese shadow bank Zhongzhi files for bankrupcty 中国影子银行中植申请破产

    Chinese shadow bank Zhongzhi files for bankrupcty 中国影子银行中植申请破产

    https://www.cnn.com/2024/01/05/business/chinese-shadow-bank-zhongzhi-bankrupcty/index.html

    https://www.bbc.com/news/business-67890633

    中国财富管理公司中植企业集团因未能偿还债务而申请破产清算,该公司正努力应对房地产市场日益低迷的局面。

    中国首都北京一家法院周五在一份声明中表示,中植公司以无法清偿到期债务且资产不足以清偿全部债务为由申请破产。

    法院表示,根据我国企业破产法的规定,受理了中植公司的破产清算申请。

    中植银行是中国规模达 3 万亿美元的影子银行领域的主要参与者(其规模与法国经济规模相当),其日益恶化的困境加剧了人们对中国房地产债务危机正在蔓延到更广泛的金融领域的担忧。

    该公司在中国房地产行业拥有大量投资,该公司在 11 月份的一封信中向投资者致歉,称该公司严重资不抵债,负债高达 640 亿美元。

    Chinese wealth manager Zhongzhi Enterprise Group has filed for bankruptcy liquidation after failing to repay debt, as the firm grapples with a deepening property market downturn.

    Zhongzhi applied for bankruptcy on the grounds it could not pay its due debts and its assets were insufficient to pay all its debts, a court in China’s capital Beijing said in a statement on Friday.

    The court said it accepted Zhongzhi’s bankruptcy liquidation application in accordance with China’s enterprise bankruptcy law.

    The worsening woes at Zhongzhi, a major player in China’s $3 trillion shadow banking sector — roughly the size of the French economy — add to worries that the country’s property debt crisis is spilling over into the broader financial sector.

    The company, which has sizable exposure to China’s real estate sector, apologized to its investors in a letter in November that said it was heavily insolvent with up to $64 billion in liabilities.

  • 中国经济泡沫.中国房地产债务危机导致公寓未完工,愤怒情绪高涨 Anger mounts as China’s property debt crisis leaves flats unfinished

    中国经济泡沫.中国房地产债务危机导致公寓未完工,愤怒情绪高涨 Anger mounts as China’s property debt crisis leaves flats unfinished

    Dozens of homebuyers in Tongchuan, a city in northwestern China’s Shaanxi province, are demanding police action as the presale flats they bought years ago remain unfinished shells. The so-called “rotting” or unfinished homes in China have become more common since a property slump in 2021, which has seen some property developers go bankrupt, and others left in massive debt. 中国西北部陕西省铜川市的数十名购房者要求警方采取行动,因为他们多年前购买的预售公寓仍是未完工的空壳。 自2021年房地产市场低迷以来,中国所谓的“烂尾”或未完工的房屋变得更加普遍,一些房地产开发商破产,另一些开发商背负巨额债务。