Tuesday, January 26, 2021
Tags Zombie enterprises

Tag: Zombie enterprises

Beijing Commits to Clearance of Zombie Enterprises, Excess Steel and Coal Capacity

China's central government says that it will continue to drive reductions in excess steel and coal capacity in 2018, as well as engage in...

Central State-owned Enterprises Post Double-Digit Earnings, Profit Growth in 2017

The latest official data points to double-digit growth in both earnings and profits for China's central state-owned enterprises in 2017. Figures released at the Central...

Zombie Enterprise Debt Accounts for Smaller Share Than Expected: IMF

The debt burden of Chinese "zombie" enterprises accounts for a smaller share of total corporate debt than previously expected, according to a new study...

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Tencent Drops Advertising Veteran Lau Seng Yee from Roster of Top Executives

Chinese tech giant Tencent has removed a veteran advertising executive from the line-up of its senior-most personnel, as online companies in China...

Ant Group and Others Engage in Monopoly Conduct, But “Regulatory Discussions” Will Not Affect Normal Development: CBIRC

The Chinese banking regulator has sought to reassure the broader market that China's business environment for private enterprises will not be adversely...

Chinese Banks See Net Profits Decline 1.8% in 2020

China's banking sector saw a sizeable decline in its net profits for 2020 amidst the adverse economic impacts of the COVID-19 pandemic....

Tencent Expects Cloud Computing to Be Essential Infrastructure for Finance, Domestic Market to Soon Hit 80B Yuan

A senior executive from Chinese tech giant Tencent forecasts that cloud computing will be a key area of development for China's fintech...