Xie Yu
Stories by Xie Yu
Chinese developer Sunac wins court approval for offshore debt restructuring
The move marks the first approval of such a debt overhaul by a major Chinese property developer.
Hillhouse beefs up private credit team with key senior hires
The hires come amid an Asian boom in private credit funds.
Country Garden wins extension for bond repayment from creditors
The developer can repay the debt in instalments over three years.
Citigroup’s Asia family office clients set to grow 25% this year
The bank saw client numbers increase by around 50% year-on-year in Asia last year.
Singapore seeks to tighten moneylaundering rules for family offices
The number of SFOs has surged in Singapore to 1,100 at the end of last year from 400 at end-2020.
US pension fund CalSTRS shortlists 19 candidates for China stock portfolio
CalSTRS floated an RFP last August kicking off its search for China-focused fund managers.
APAC family offices cut Greater China holdings: UBS survey
Allocations to Greater China fell to 23% in 2022, from 40% in 2021.
Swiss private bank UBP acquires asset manager Angel Japan
Angel Japan AM currently manages assets under an advisory of $1.2 billion
Shareholders of Evergrande’s EV unit agree to dispose of two subsidiaries in restructuring
The EV unit was expected to book a $3.6 billion gain from the transfer.
China Evergrande debt restructuring proposal to test creditor appetite
Creditors would receive a 0.25% consent fee based on the outstanding principal of their debts.
