From green energy to property woes, China turns to financial engineering
Solar and wind farm builder Xinte announces plans to start collateralizing its assets using asset backed securities. And China International Travel is spinning off its real estate business.
PODCAST: European businesses glum on China, and AstraZeneca weighs spin-off for Chinese unit
The latest annual survey by the EU Chamber of Commerce in China shows revenue fell for more European businesses’ China operations last year. Is this a watershed moment for China’s economy, showing the days of western enthusiasm for investing in the country will never return to pre-covid levels? And AstraZeneca has become the latest major company to weigh a potential spinoff of its China unit. Is this the beginning of a trend?
PODCAST: Alibaba and JD.com break up, and China’s growing love affair with Saudi Arabia
Alibaba announces a plan to split into six parts, and JD.com says it’ll spin off its commercial and real estate arms. And Saudi Arabian announces two new multibillion-dollar oil refining investments in China.
Will JD.com’s New Spinoffs Ease Anti-Trust Concerns? Only Time Will Tell
China’s No. 2 e-commerce company has announced plans to spin off its industrial and property units, but will retain majority control of both for strategic reasons Key Takeaways: JD.com has…