July 6, 2024
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Loans

China Vanke units guarantee US$1.1 billion in loans for troubled developer after Fitch Ratings downgrade

  • May 24, 2024

Troubled property developer China Vanke will receive a 7.8 billion yuan (US$1.1 billion) lifeline in the form of bank loans guaranteed by its subsidiaries, a day after the company had its credit rating cut. Shenzhen Yili Real Estate Development provided a guarantee for a 4.49 billion yuan loan, while Shenzhen Zhongke Wanxin Industrial offered a

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Funds

Mutual Funds vs bank deposits: A strategic shift in investment trend that you must know

  • February 12, 2024

Mutual Funds vs bank deposits: A change in how consumers view money, shifting from saving to investing, is tightening the availability of funds in banks. The shift from saving to investing among consumers is reducing the amount of available money in banks, as more people are choosing mutual funds over traditional savings accounts. Adhil Shetty,

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