Previous Close | 0.6585 |
Open | 0.6379 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's Range | 0.6379 - 0.6379 |
52 Week Range | 0.5400 - 0.7900 |
Volume | |
Avg. Volume | 87,096 |
Market Cap | 158.333B |
Beta (5Y Monthly) | 0.54 |
PE Ratio (TTM) | 3.54 |
EPS (TTM) | 0.1800 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.05 (8.24%) |
Ex-Dividend Date | Jun 29, 2022 |
1y Target Est | N/A |
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For more than a decade, Chinese developers' debt-fuelled construction boom enriched the country's shadow banks, who were eager to capitalise on the needs of an industry desperate for credit and too risky for traditional lenders. Now, in the wake of a government clampdown on real estate firms' debt binge, that credit demand has collapsed - and so too has the single biggest revenue stream for shadow banks, also known as trust firms. China's shadow banking industry - worth about $3 trillion, roughly the size of Britain's economy - is scrambling for new business, including direct investment in companies, family offices and asset management.
For more than a decade, Chinese developers' debt-fuelled construction boom enriched the country's shadow banks, who were eager to capitalise on the needs of an industry desperate for credit and too risky for traditional lenders. Now, in the wake of a government clampdown on real estate firms' debt binge, that credit demand has collapsed - and so too has the single biggest revenue stream for shadow banks, also known as trust firms. China's shadow banking industry - worth about $3 trillion, roughly the size of Britain's economy - is scrambling for new business, including direct investment in companies, family offices and asset management.
HONG KONG (Reuters) -A mansion belonging to embattled China Evergrande Group's chairman in Hong Kong's prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), records from the Land Registry show. Evergrande declined comment and chairman Hui Ka Yan could not be reached. CCB (Asia) did not respond to a request for comment.