Fitch Downgrades China Evergrande, Sees “Likely” Default

By Andrew Galbraith (Reuters) -Fitch Ratings lowered the ratings of China Evergrande Group and two of its subsidiaries on Wednesday, the latest in a series of downgrades targeting the real estate company amid concerns over its ability to restructure its massive debts. Regulators have warned that Evergrande’s liabilities of 1.97 …

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Internet giants catch fire in Korean echo of Chinese crackdown

(Bloomberg) – Kakao Corp. and Naver Corp. fell, set to record the biggest declines in years, after South Korean lawmakers warned the country’s internet giants against abusing their dominant market position in search of profits. Kakao, which runs Korea’s largest messaging and social media service, plunged more than 11%, on …

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Next step in IPOs for licensed P2P lending platforms

Next step in IPOs for licensed P2P lending platforms – Korea Times Finance 2021-09-04 09:22 Next step in IPOs for licensed P2P lending platforms Bank of England Together Funding, 8% are looking to go public earlier than their rivalsBy Park Jae-hyukLicensed peer-to-peer (P2P) lending platforms have started implementing various survival …

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Chinese credit beats Asian peers as Huarong worries fade

(Bloomberg) – Despite China’s regulatory crackdown on private companies and the China Evergrande group’s worsening woes, the nation was the place to go in Asia for corporate bond yields in August, and the optimism could persist. That’s because one of the worries hanging over the nation’s bond investors eased after …

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