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在线翻译:
szdaily -> Business_Markets
News Bites
    2017-August-18  08:53    Shenzhen Daily

Indebted developers get funding relief

CHINA’S highly leveraged property developers are taking advantage of easing bond sale restrictions, offering a measure of funding relief as they face a slowing housing market and a wave of debt maturities in coming months.

Property companies sold 38.1 billion yuan (US$5.6 billion) in domestic bonds in July, the most since October. They raised a record US$11.8 billion in offshore debt sales in June, returning to overseas markets after a two-month regulatory ban. China’s exchanges tightened rules for debt offerings by developers last year as the nation’s leaders sought to cool a red-hot market that spurred them to expand through acquisitions and amass debt.

China Unicom shares still halted

CHINA Unicom’s two main units said Thursday their shares would remain suspended until further notice, one day after the group announced it was raising US$11.7 billion from investors including Alibaba Group and Tencent Holdings.

No reason was given for the continued suspension, which runs counter to expectations that trade would resume soon after details of the fund raising were released. Adding to market confusion, the deal announcement was taken down from the Shanghai bourse website although it remained on the Hong Kong bourse’s website as well as the website of the Hong Kong unit.

AVIC, China Railway in rail deal with Egypt

TWO Chinese State-owned companies have signed a US$1.24 billion deal with Egypt to build a light rail system around Cairo, Xinhua reported Wednesday.

Under the agreement signed with Egypt’s National Authority for Tunnels, China’s AVIC International and China Railway Group will build a 66-kilometer network with 11 stations, on which trains will run at speed of up to 120 kilometers per hour to Cairo’s surrounding districts, it said.

Chalco plans investment in Guinea

ALUMINUM Corp. of China (Chalco) plans to invest US$500 million in a project to produce bauxite, used to make aluminum, in Guinea starting next year.

The deal comes after a trip by Abdoulaye Magassouba, the Guinean mines minister, to China and follows other major Chinese investments in the resource-rich West African nation. The US$500 million will go toward the first of three project phases, which will also include aluminum production.

 

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