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KWG Properties reports that 71.17% of creditors have joined or agreed to its restructuring support agreement, with the company extending consent fee deadlines to maximize participation.
Rongsheng Group proposes restructuring 8 domestic corporate bonds with a combined outstanding balance of 84.84 billion yuan, featuring a 10-year extended maturity and asset-backed repayment provisions.
Outbound and Inbound Travel Both Surge as Mobility Normalizes China recorded a record 369 million cross-border trips in the first half of 2026, encompassing both outbound departures and inbound arrivals, according to data from the National Immigration Administration. This represents
Yuan Internationalization Reaches New Milestone The share of China's cross-border trade settled in renminbi reached a record 52.9 percent in the first half of 2026, according to data from the China Foreign Exchange Trade System (CFETS) and
Full-Year 2025 Revenue Reaches 21.97 Trillion Yuan China's general public budget revenue — comprising tax and non-tax income — reached 21.97 trillion yuan ($3.03 trillion) in 2025, growing 1.3 percent year on year, according to the
Yuan Trades in Narrow 6.77–6.79 Band Against Dollar The People's Bank of China (PBOC) continued to anchor the renminbi in a narrow range against the US dollar through July 2026, with the currency trading consistently
China's AI Champion Completes Record-Breaking Fundraising DeepSeek, the Hangzhou-based AI laboratory that has emerged as one of China's most prominent artificial intelligence companies, announced on June 16, 2026 the completion of its first-ever external fundraising round,
National Industrial Profits Hit 39.48 Trillion Yuan China's major industrial firms posted a robust 18.7 percent year-on-year increase in combined profits during the first half of 2026, reaching 39.48 trillion yuan (approximately $5.7 trillion)
Rongsheng Group Halts Trading on Six Bonds Rongsheng Group announced that six of its outstanding bonds were suspended from trading starting July 22, as the developer prepares to negotiate a new repayment plan with investors — the latest episode in China&
PBOC Directs Banks to Cut Stock Mortgage Rates by 0.5 Points The People's Bank of China has explicitly guided commercial banks to bring outstanding mortgage rates down to a level close to newly issued loans, with an