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IM Motors, a premium electric vehicle brand of state-owned Chinese automaker SAIC on Friday said it has raised more than 8 billion yuan to work on new smart car models and technologies. ...
China will launch a pilot programme in five regions this year which will include improving public services in major food crop-producing counties to support output, an official said on Sunday, part... -February 04, 2024 at 06:10 am EST - MarketScreener
Hollysys Automation Technologies said on Monday its special committee has retained a recommendation that shareholders vote for Ascendent Capital's acquisition deal as the offer from a Dazheng... -January 29, 2024 at 09:54 pm EST - MarketScreener
A Hong Kong court ordered the liquidation of China Evergrande Group on Monday. Evergrande is the world's most indebted real estate developer and has been at the centre of an...
Evergrande is the world's most indebted real estate developer and has been at the centre of an unprecedented liquidity crisis in China's property sector, which accounts for roughly a quarter of the world's second-largest economy. Once China's top-selling developer, Evergrande's financial crisis became public in 2021 and since then it and a string of its peers have defaulted on their offshore debt obligations amid slowing home sales and fewer new avenues for fundraising, triggering fears of wider contagion that could spread to the country's banks. China's ce...