Mastodawn

S&P Global lowers credit rating of China’s Vanke, signaling deepening concerns over the country’s property sector and financial stability.
#YonhapInfomax #SPGlobal #Vanke #CreditRating #ChinaProperty #FinancialStability #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=93079

S&P Global Downgrades Credit Rating of China’s Property Developer Vanke

S&P Global lowers credit rating of China’s Vanke, signaling deepening concerns over the country’s property sector and financial stability.

Yonhap Infomax

Poetry News Nov 9, 2023

Ping An Insurance Group's shares sank low
With Chinese authorities asking them to go
The market value they lost
But for Country Garden tossed
A massive bailout of two billion in show

#pingan #countrygarden #chinaproperty #bailout #limerick #poetry

https://www.reuters.com/business/ping-an-loses-21-bln-market-value-china-property-rallies-country-garden-rescue-2023-11-08/

Ping An loses $2.1 billion in market value, China property rallies on Country Garden rescue report

China property stocks rallied and Ping An Insurance Group shares slumped to a one-year low on Wednesday after Reuters reported Chinese authorities had asked the firm to take a <a href="/world/china/china-authorities-ask-ping-an-take-controlling-stake-country-garden-sources-say-2023-11-08/">controlling stake</a> in troubled developer Country Garden.

Reuters