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China INE crude price rallies on easing banking fears

Guangzhou (JLC), March 28, 2023--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded sharply on Tuesday, because of easing concerns over a banking crisis and a

03-28-2023 18:47:06

Sri Lanka’s bankruptcy impacts many tire enterprises

The bankruptcy of Sri Lanka exerted influences on many tire companies, including domestic Aeolus Tyre and Shandong Haohua Tire.

07-14-2022 16:04:07

Central bank's RRR cut to slightly boost MEG market

Shandong (JLC), December 8, 2021--The central bank announced on December 6 that it will cut the reserve requirement ratio (RRR) for financial institutions by 0.5 percentage points on December 15, in an effort to support the real economy and promote a steady decline in comprehensive financing costs.

12-08-2021 14:17:44

INE crude rises on governments’ and central banks’ interventions

Guangzhou (JLC), March 20, 2020--The prices of crude futures on the Shanghai International Energy Exchange (INE) rose on Friday because of governments’ and central banks’ interventions in the economic slowdowns caused by COVID-19.

03-23-2020 15:18:25

Trafigura joins bankers to offer $1 bln loan to China's Qingyuan

Beijing (JLC), September 24, 2019--Commodity trader Trafigura has joined a host of bankers to offer $1 billion loan to China’s non-state refiner Qingyuan Group, with the latter’s oil sales as the collateral, according to refinery sources.

09-24-2019 09:29:01

Sinopec forms LNG trading JV with Russia's Novatek, Gazprombank

Sinopec has signed heads of agreement with Russia's Novatek and Gazprombank to establish a joint venture in China for selling liquefied natural gas (LNG) to local end-users, Sinopec announced.

06-11-2019 11:43:56

Dongying makes continued efforts to steady bank lending

The Dongying government in China’s Shandong province is making continued efforts to stabilize bank lending to companies when the market is clouded with debt crises amid joint credit guarantees and recent bankruptcy of three companies.

03-20-2019 15:17:31

Halcyon Agri Corp cooperate with DBS Bank for online trading platform

12-19-2018 14:07:06

Guangdong Tianyi Group declares bankruptcy

Beijing (JLC), September 12, 2018--As an independent refinery with long history, Guangdong Tianyi Group Co declared bankruptcy a few days ago, according to market sources.

09-13-2018 08:21:58

Shandong Haiyou Petrochemical files for bankruptcy

Shandong Haiyou Petrochemical, a subsidiary of Rizhao Sunrise Group, filed for bankruptcy on July 16 and the petition has been accepted by the court, according to an announcement from Shandong’s Ju county.

07-23-2018 17:00:56

China central bank cuts bank reserve requirements

China's central bank cut bank reserve requirements on April 25, a move to guide financial institutions to further support small firms, the People's Bank of China (PBOC) said.

04-25-2018 13:52:12

Bank of Communications and China Gas establish CNY10 billion fund

Bank of Communications and China Gas signed agreement in Shanghai to establish China Gas & Bank of Communications (Shenzhen) Clean Energy Equity Investment Fund (short as “China Gas & Bank of Communication Fund).

06-21-2017 11:32:49

LLDPE market increased on back of the central bank’s financial policy

On May 15th, LLDPE futures market increased with a high opening price. In the morning, the price of LLDPE 1709 contract increased by CNY90/mt to CNY8,970/mt after 11:00, spurring the spot market effectively.

05-17-2017 17:43:43

Iron ore hits the skids as miners, banks wrangle over supply

After a stellar run in 2016, iron ore has hit a rough patch. The prospect of a slump below $50 a metric ton is now back in view after the longest losing streak in more than five months as investors, analysts and miners spar over the impact of additional low-cost supply.

09-18-2016 11:31:05

Bankrupt coal giant's cleanup to cut costs

Before Peabody can exit bankruptcy, it must first overcome a $US1 billion dispute between creditors -- including some of Wall Street's most litigious investment funds -- over claims on the coal producer's assets.

08-23-2016 10:40:46

Top China coal region asks banks to lend a hand to its producers

The Shanxi province has asked banks to support seven coal companies by adjusting lending periods and repayment methods.

06-20-2016 17:23:44

Geo-Jade Petroleum buys Bankers with 8.2 bln yuan

On March 20th, Geo-Jade Petroleum released the announcement on acquisition on 99.99% equity of Longzhou Xinke, whose core assets are the acquisition targets of 100% equity of Canada Bankers, 51% equity of Yajiou Company and 100% equity of Ji’ao Investment.

03-21-2016 15:34:34

1.3 billion yuan debt default of Yunnan Coal Chemical shot down banks

Bearish industry, blind expansion and corruption affairs in management level drove Yunan Coal Chemical Group to debt default.

11-23-2015 16:42:28

RMB Cross-Border Interbank Payment System was officially implemented online

On October 8th, 2015, the I-stage China RMB Cross-Border Interbank Payment System (CIPS) was implemented online successfully by PBC,

10-10-2015 11:20:54

World Bank to lend a hand to Guoxin Energy

The coal seam gas comprehensive utilization project initiated by Shanxi Provincial Guoxin Energy Development Group Co., Ltd. (hereafter referred to as Guoxin Energy) has become one of the candidates for World Bank loan during the fiscal year from 2013 to 2015.

07-23-2015 09:42:00

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