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Pacific Andes, once the world's biggest fish filleter, suspected by New York bankruptcy trustee of using cash raised to buy fish to fund $800 million takeover. The group denies the claim.
China’s central bank is pushing large companies and banks to get on board in a bid to relieve cashflow pain among China’s small businesses.
Borrowers in China are now faced with a clampdown as the banking watchdog sets oversight on how lenders should deal with the collateral pledged for loans.
Cash-strapped Chinese tech company loses finance head as a storm erupts over a loan to its electric car unit.
Before its stock rout, China Huishan Dairy Holdings was already running on a muddy path, haunted by its weak financial balance.
China’s central bank encourages manufacturers to set up centralised treasury units to improve their capital efficiency.
Chinese lenders could undergo a liquidity crunch as the central bank incorporates wealth management products as part of its regular credit assessment, CICC warns.
China’s banking watchdog sets down a marker on how in-house banks should lend money. The size of the fine, however, is modest.
By adopting a new supplier-financing programme, the Chinese wind power generator is giving its suppliers the flexibility to get paid up to 270 days earlier.
The Lion City's central bank wants to give SMEs greater access to capital by freeing up finance companies’ role in the credit system.