Chinese developer Modern Land asked for an extension to repay a $250 million bond. Its chairman and president have pledged to pay off around $123 million in shareholder loans in the meantime.

Chinese developer Modern Land asked for an extension to repay a $250 million bond. Its chairman and president have pledged to pay off around $123 million in shareholder loans in the meantime.

Modern Land’s chairman and president said they would pump in $123.9 million to help offset the company’s debt, which comes due on October 25…

Chinese ports choke over ‘zero tolerance’ COVID-19 policy

Chinese ports choke over ‘zero tolerance’ COVID-19 policy

BEIJING — Several Chinese ports are facing congestion as vessels due to call at Ningbo are bing diverted and cargo processing is slowed partly due to stricter disinfection measures under China’s “zero-tolerance” coronavirus policy. On Tuesday, more than 50 container vessels were queuing at Ningbo port, China’s second largest marine center, Refinitiv data showed, up…

Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO

Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO

Didi Chuxing, which roughly translates to “beep beep travel,” is making its US debut in an especially hot market for deals.

Soybeans fall 1%, Chinese demand limits losses

Soybeans fall 1%, Chinese demand limits losses

CANBERRA — U.S. soybean futures fell 1% on Monday as the dollar strengthened, although strong Chinese demand limited the losses. FUNDAMENTALS * The most-active soybean futures on the Chicago Board Of Trade were down 1.1% to $13.80-1/4 a bushel by 0131 GMT, having firmed 5% percent on Friday. * Corn futures fell 1.3% to $6.46-3/4…

Chinese tech groups scrap IPOs at record pace after Ant listing pulled

Chinese tech groups scrap IPOs at record pace after Ant listing pulled

Companies cancel plans to sell shares on Shanghai’s Star Market as regulatory scrutiny rises

Chinese Stocks Slump as Upbeat Data Deepens Liquidity Concerns

Chinese Stocks Slump as Upbeat Data Deepens Liquidity Concerns

China’s stocks slumped, as a neutral lending stance from the central bank and data showing surging economic activity renewed concerns about tightening liquidity.