29 Apr 2024
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Last week, Chongqing-based Jinke Property Group said it had received court approval to start bankruptcy reorganization.
This isn’t as bad as it sounds.
Some context: Rather than liquidating Jinke’s assets, a bankruptcy reorganization allows the firm to continue operating while paying off it...
May 16, 2024
Officials may soon launch an ambitious initiative to arrest the housing market slump. On Tuesday, Bloomberg reported that the State Council may help local governments to buy up millions of vacant apartments. The proposed strategy involves state banks providing loans… Read More »
May 16, 2024
Local public utility firms are raising prices amid financing pressures. Exhibit 1: On May 2, multiple local subsidiaries of state-owned China Railway announced they were hiking the price of high-speed rail tickets (CCTV). The increases affect the heavily trafficked Hangzhou… Read More »
May 16, 2024
New energy vehicle (NEV) giant BYD is preparing for a Mexico buildout – a new stage in its global expansion. On Tuesday, the company released a new hybrid pickup truck, the Shark, in the Mexican market. The same day, it… Read More »