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ZTO Express (Cayman) (NYSE:ZTO – Free Report) had its price objective reduced by HSBC from $32.00 to $30.00 in a research note issued to investors on Thursday, Benzinga reports. HSBC currently has a buy rating on the transportation company’s stock. ZTO has been the topic of a number of other reports. StockNews.com downgraded shares of […]
Sterneck Capital Management LLC grew its position in Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,050 shares of the specialty retailer’s stock after purchasing an additional 3,751 shares during the period. Alibaba Group […]
HONG KONG/SHANGHAI/BEIJING (Reuters) -Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders to discuss maturity extension, two sources said. The sources with direct knowledge of the matter said the financial institutions were asked to make progress quickly, and that the State Council - China's cabinet - is coordinating effort related to supporting China Vanke.
Chinese regulators recently asked large banks to enhance financing support to state-backed property developer China Vanke.
China has asked banks to enhance financing support for state-backed China Vanke and called on creditors to consider private debt maturity extension, in a rare intervention from central government to...