Yuan "Death Crosses" As Default Wave Forces Chinese Banks To Raise Capital

Contemporary Amperex Technology Ltd. (CATL), a Chinese battery maker, says it wants to raise 20 billion yuan or $2.85 billion to fund battery projects and increase working capital. read more.....»»

Now that the great Chinese money-laundering M&A wave of 2016 is long forgotten, in some cases with tragic consequences such as Wednesday's freak death of HNA chairman Wang Jian, and the Chinese conglomerates and ol.....»»

The unexpected writedown of some bonds issued by crisis-hit Indian lender Yes Bank Ltd as part of a state-led rescue is set to raise borrowing costs and make capital-raising tougher for other banks, investors and analysts said......»»

CATL , China's top electric vehicle battery maker, said it aims to raise up to 20 billion yuan ($2.85 billion) in a private placement of shares to fund its battery projects and boost working capital......»»

Chinese Vice Premier Liu He said China will steadily push forward capital account opening and yuan internationalization, under the premise of focusing on preventing risks, state media People's Daily reported on Thursday......»»

Tesla Inc entered into agreements with lenders in China for a secured term loan facility of up to 9 billion yuan ($1.29 billion), according to a regulatory filing on Thursday......»»

Tesla Inc (NASDAQ: TSLA) is taking on a 10-billion-yuan ($1.4 billion) loan from Chinese banks for its Shanghai factory, Reuters 0 read more.....»»

The logistics unit of Chinese e-commerce company JD.com Inc has held early discussions with banks about a potential overseas IPO that could raise $8 billion to $10 billion, two people with direct knowledge of the matter told Reuters......»»

Chinese cargo carrier SF Express Group announced that it has tapped the debt capital markets with six-year convertible bonds to raise CNY5.8 billion ($820 million). The group is the second-largest.....»»

Volatility in China's yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington's decision to raise tariffs, a senior Chinese central bank official said......»»

One of the more confusing discrepancies in recent months was how, despite the weakening in the yuan and the escala.....»»

Tesla Inc Chief Executive Elon Musk personally owes $507 million to Wall Street banks involved in Tesla's stock and debt sale, backed by his stake in the electric car maker, a company filing showed on Thursday......»»

USD/CNY (CNY=X) China’s new yuan loans shrink, M2 growth unchanged Chinese banks extended 1.15 trillion yuan (about 179.7 billion U.S. dollars) in new yuan-denominated loans in May, edging down from 1.18 trillion yuan in Ap.....»»

While US mega-tech stocks support the belief that all is well for many Americans, a glance around the world and the shit is seriously hitting the fan... Downtrends are everywhere and 'death crosses' are popping up in asset classes from Chinese stoc.....»»

Forex Traders Overwhelm Emerging Markets’ Central Bankers $DXY, $OIL, $GLD, $SLV Selloff forces EM central banks to raise interest rates Currencies have struggled to find a floor despite rate moves Central banks in emerging econo.....»»

Chinese authorities moved to shore up the yuan by banning Chinese banks from certain offshore lending activities, according to Reuters, citing sources with direct knowledge of the matter. Banks may no longer deposit and.....»»

Chinese authorities move to shore up the yuan on Thursday, news reports say, by draining liquidity from the offshore traded currency via restrictions on Chinese banks......»»

A debate is brewing inside the Federal Reserve about whether to demand big banks raise more capital as the economy heats up......»»

Thanks to a wave of consolidation that has helped banks compensate for rock-bottom interest rates and tighter capital requirements, Wall Street's pre-tax profit grew by a staggering 42% last year, according to an ann.....»»

China's state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth over 1 trillion yuan ($144 billion), but did not give specific reasons as to why it wanted to secure access to such a large amount of funding......»»