19 марта, 12:53

Китайская HNA продаст недвижимость на $2,2 млрд

Китайская HNA Group Co. планирует продавать недвижимость, включая офисные здания и отели по всему Китаю, поскольку проблемный конгломерат пытается погасить свои долги. Об этом сообщает Bloomberg со ссылкой на источники, знакомые с ситуацией.

19 марта, 12:53

Китайская HNA продаст недвижимость на $2,2 млрд

Китайская HNA Group Co. планирует продавать недвижимость, включая офисные здания и отели по всему Китаю, поскольку проблемный конгломерат пытается погасить свои долги. Об этом сообщает Bloomberg со ссылкой на источники, знакомые с ситуацией.

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14 марта, 15:00

Lex: Letter from Hong Kong

Xi’s power grab, Baoshan, Angang Steel, Crystal International, Anbang Insurance and Geely

14 марта, 05:08

Steel Output Surge Saves Chinese Economy Despite Credit Impulse Collapse

Despite all the discontinuities that the lunar new year causes in China's macro data, the global synchronous recovery narrative is fading fast, but while retail sales missed, China's Industrial Production surged in February (thanks to Steel production up 5.9% YoY). China's macro data has been disappointing for a couple of months... And as Bloomberg's Enda Curran notes, it's China data day, but with a catch. Today's numbers will cover a period when the economy more or less shut down for the annual New Year holidays which means it's a tricky time of the year for gauging the economy's true strength. We'll have to wait for the March and April numbers to get a better handle.   And so what did the data look like... Retail Sales YTD YoY MISS +9.7% vs 9.8% exp vs 10.2% prior Industrial Production YTD YoY HUGE BEAT +7.2% vs 6.2% exp vs 6.6% prior Fixed Asset Investment YTD YoY HUGE BEAT +7.9% vs 7.0% exp vs 7.2% prior Amid all the tariffs, it seems Steel saved China... China Jan.-Feb. Steel Product Output Rises 4.6% to 159.03M Tons China Jan.-Feb. Crude Steel Output Rises 5.9% to 136.82M Tons And Iron Ore inventories are surging... Iris Pang at ING has some interesting observations on industrial production. Even though factories were closed, the tech boom  boosted output. Here's some numbers: "That growth will probably come from high-tech sectors, including industrial robots (+68.1 percent in 2017), new energy cars (+51.1 percent) and integrated circuits (+18.2 percent). The cold winter is also likely to increase production of electricity. These areas will probably cushion the loss of production from capacity-cuts in cement, coke and crude oil." The figures do somewhat cut against the overarching narrative of a slowdown in the old-industrial drivers and a switch to consumption. Meanwhile, Chinese stocks managed to scramble back into the green for the year after the lunar new year's celebration, but are rolling over once again... As foreign investors fled in February... All of which happening as the lagged impact of the collapse of China's credit impulse filters through...   And don't expect it to resurge anytime soon as Xi - now emperor for life - cracks down on leverage and debt across society (for now). Of course, as Bloomberg's Chris Anstey concludes, from a financial-market perspective, it's been some time since investors agonized over Chinese indicators. Most are comfortable that the hard-landing fears are in the rear-view mirror now, and have become accustomed to the idea that China is in a gradual transition from focus on quantity of growth to quality. Of course, that complcency is there until something (like Anbang) goes boom...

12 марта, 20:37

Китай сократил инвестиции в энергетические проекты за рубежом - Bloomberg

Это произошло из-за борьбы Пекина с оттоком капитала в прошлом году.

12 марта, 15:15

The Mysterious Chinese Company Looking To Buy Rosneft

Authored by Tsvetana Paraskova via OilPrice.com, When a little-known private Chinese company said in September 2017 that it would be buying 14 percent in Rosneft, many analysts were wondering how an obscure fuel trading company rose to such prominence as to become a major global M&A player to the point of agreeing to pay as much as US$9 billion for the stake in Russia’s oil giant.    Six months later, the mystery surrounding CEFC China Energy is not only left unsolved - it has become even more unclear, with a flurry of media reports over the past week revealing that its CEO is under investigation by the Chinese authorities and that the Chinese state has taken over management of the company as it seeks to rein in private businesses and their unrestrained spending. With all the negative news surrounding CEFC China Energy over the past week, analysts are now wondering if the company has fallen out of favor with the Chinese authorities and if the acquisition of the stake in Rosneft is in jeopardy. When it announced the deal to buy 14 percent in the Russian oil giant from Glencore and the Qatar Investment Authority (QIA), CEFC China Energy said that it is invested in oil and gas development in Russia, Central Asia, Central and Eastern Europe, the Middle East and Africa, and owns oil and gas terminals in Europe, including oil refineries and gas stations. On February 21, 2018, Glencore said in its 2017 results release that the Rosneft deal, “subject to customary regulatory approval processes, is expected to complete in H1 2018.” Just a week later, reports emerged that Chinese authorities were investigating the chief executive of CEFC China Energy, Ye Jianming, on suspicion of economic crimes. CEFC said that those reports were “unfounded” and “irresponsible”. Rosneft spokesman Mikhail Leontyev told Reuters that the investigation was not related to the Russian company. Nevertheless, the reports about CEFC’s chief executive being investigated are reminiscent of China seizing control of Anbang Insurance Group last month and charging its chairman with fraud and abuse of position. A day after reports emerged about CEFC’s Ye being investigated, the South China Morning Post reported that the state is taking over the management and daily operations at CEFC China Energy, citing two sources with direct knowledge of the matter.  Shanghai Guosheng Group, a portfolio and investment agency controlled by the municipal government of Shanghai, has taken over management at CEFC China Energy in a widening crackdown on private entrepreneurs, SCMP reported, noting that most of CEFC’s acquisitions were funded by Chinese state banks, primarily China Development Bank, which is financing projects in line with China’s state policies. CEFC China Energy is also said to have failed to pay for registered capital of an oil trading joint venture that it would have created with a company controlled by the Chinese Zhejiang province, and the government-controlled company has scrapped the JV plan, people with knowledge of the matter told Bloomberg. The flow of media reports about troubles at CEFC China Energy makes analysts question the company’s ability to close to the Rosneft deal, as it looks like that the Chinese firm is in the crosshairs of the crackdown on private businesses after President Xi Jinping’s government warned just last week that no Chinese billionaire, no matter how well-connected, is safe from scrutiny and investigation. Commenting on CEFC China Energy’s predicaments, Li Li, a research director with commodities researcher ICIS China, told Bloomberg: “Now, many people in the industry are questioning not only its capability to finalize the Rosneft deal but to sustain normal operations.” According to Bloomberg Gadfly columnist Nisha Gopalan, while the Rosneft deal is unlikely to be totally scrapped, should the Chinese government take over control of CEFC, this could provide a pretext to renegotiate the financial terms of the stake’s acquisition. While China and Russia continue to boost their oil relations, the Chinese government is stepping in to rein in private businesses and possibly obtain direct control over private Chinese energy ventures overseas.

05 марта, 16:40

Goldman Sachs: мировая экономика бьет тревогу

Пока многие экономисты и главы центробанков продолжают считать, что мировая экономика находится в стадии уверенного роста, появились признаки того, что она, наоборот, замедляется.

05 марта, 16:40

Goldman Sachs: мировая экономика бьет тревогу

Пока многие экономисты и главы центробанков продолжают считать, что мировая экономика находится в стадии уверенного роста, появились признаки того, что она, наоборот, замедляется.

05 марта, 16:11

175 млрд на оборону: Китай утвердил рекордный военный бюджет на 2018 год

Военный бюджет Китая на 2018 год составит 1,11 трлн юаней ($175 млрд, или £126 млрд). if (typeof(pr) == 'undefined') { var pr = Math.floor(Math.random() * 4294967295) + 1; } (function(w, d, n, s, t) { w[n] = w[n] || []; w[n].push(function() { Ya.Context.AdvManager.render({ blockId: 'VI-188418-0', renderTo: 'inpage_VI-188418-0-410804834', inpage: { slide: true, visibleAfterInit: false, adFoxUrl: '//ads.adfox.ru/252771/getCode?pp=h&ps=cjtl&p2=flwt&pfc=a&pfb=a&plp=a&pli=a&pop=a&fmt=1&dl={REFERER}&pr='+pr, insertAfter: 'undefined', insertPosition: '0' }, }, function callback (params) { // callback }); }); t = d.getElementsByTagName('script')[0]; s = d.createElement('script'); s.type = 'text/javascript'; s.src = '//an.yandex.ru/system/context.js'; s.async = true; t.parentNode.insertBefore(s, t); })(this, this.document, 'yandexContextAsyncCallbacks'); Китайская армия, крупнейшая в мире, активно модернизируется в последние годы. Фото: Getty ImagesЭто на 8% больше, чем в прошлом году. Новый бюджет был утвержден на ежегодной сессии Всекитайского собрания народных представителей (ВСНП) в Пекине.Премьер-министр Ли Кэцян также объявил о стремлении к росту экономики на 6,5%.От Всекитайского собрания народных представителей ждут продления срока полномочий председателя КНР, что позволит Си Цзиньпину остаться на своем посту как минимум до 2023 года.Эти планы давно обсуждаются в Китае, но поддерживаются не всеми. Если ожидания оправдаются, Си Цзиньпин укрепит свою репутацию одного из самых влиятельных мировых лидеров.Тысячи китайских законодателей разразились аплодисментами, когда на сесии ВСНП объявили о плане отказаться от двухлетнего лимита пребывания на посту лидера страны. Голосование состоится 11 марта, как ожидается, решение будет поддержано единогласно.Как правило, постановления ВСНП лишь одобряют решения, уже принятые китайской Коммунистической партией.Собрание состоит из 3000 делегатов от различных провинций и регионов страны. Назначают их согласно формальной процедуре, однако на практике каждая кандидатура выбирается правящей партией.Сессию ВСНП проводят под усиленной охраной. Перед ее открытием известных диссидентов обычно высылают из столицы.Большой бюджет - большие амбицииВласти установили три главные цели на грядущий год: борьба с уязвимостью Китая перед финансовыми рисками, противостояние мощному загрязнению окружающей среды и продолжение борьбы с нищетой.Открывая сессию Совета, премьер-министр заявил, что китайская армия должна стоять скалой перед лицом глубоких изменений в национальной безопасности.Увеличение расходов бюджета на оборону - знак больших стратегических амбиций Китая. Пекин продолжает модернизировать свою армию - крупнейшую в мире - и развивать инфраструктуру в спорных районах, таких как Южно-китайское море и пограничных с Индией районах.В то же время ожидается, что увеличение объема трат бюджета Китая вызовет раздражение его негласных соперников.Многие делегаты Всекитайского собрания приезжают на сессию в традиционных костюмах, чтобы подчеркнуть разнообразие культуры страны. Фото: Getty ImagesКитайская экономика - вторая по объему ВВП в мире. За годы ее стремительного роста миллионы жителей этой страны вышли из нищеты, а прослойка среднего класса продолжает расти.В Китае 100 миллиардеров. Многие из них входят в Народный политический консультативный совет Китая, совещательный орган при руководстве КНР, который также будет заседать на этой неделе.Но из-за того, что такой быстрый рост экономики постоянно нужно подпитывать за счет заимствований, политики стали опасаться долговых рисков.В своем докладе премьер-министр Ли Кэцян, как и ожидалось, объявил, что сдерживание этих рисков будет ключевой целью на предстоящий год. Он также пообещал, что механизмы внутреннего контроля в финансовых учреждениях ужесточатся, а такие действия, как незаконный сбор средств и мошенничество, будут встречать серьезный репрессивный ответ.Это может привести к действиям, подобным тем, которые были предприняты против крупной китайской страховой компании Anbang, которую в прошлом месяце взяли под контроль регуляторы.Глава правительства установил целевой показатель роста экономики страны на уровне 6,5%, что несколько ниже показателя роста в 6,9%, достигнутого Китаем в прошлом году.В перспективе, параллельно с провозглашением финансовых амбиций Китая, - потенциальная торговая война с США в ответ на политику администрации президента США по смещению баланса в глобальной торговле.Сессия ВСНП ежегодно проводится в Доме народных собраний в Пекине под усиленной охраной. Фото: Getty ImagesПревышение объема экспорта над импортом в торговле Китая с США достигло рекордных $275,81 млрд в 2017 году.Дональд Трамп уже объявил о новых и довольно жестких тарифах на импорт стали и алюминия, которые должны решить вопросы "очень глупых", как он их назвал, торговых сделок. Трамп также пригрозил дальнейшими жесткими шагами, касающимися китайского импорта.Ранее представитель ВСНП Чжан Есуй говорил, что, хотя Китай и не хочет торговой войны, он "не будет сидеть, сложа руки, если США предпримут действия, направленные против китайских интересов".При этом премьер-министр Китая вынес предупреждение Тайваньским националистам, пояснив, что Пекин "не потерпит никаких сепаратистских планов или действий в поддержку независимости Тайваня".Пекин считает независимый Тайвань своей отколовшейся провинцей, которая должна вновь стать частью Китая, хотя многие тайванцы хотят видеть себя отдельной нацией.Source: Nur.kz

03 марта, 05:55

Китайские олигархи попали под пресс

Для миллиардеров в Китае наступили нелегкие времена. Их влияние на политическую и экономическую политику страны падает, а сами они все чаще отправляются за решетку. Это наглядно видно по их представительству в государственных органах. Так, в работе открывающейся в понедельник, 5 марта, сессии ВСНП будет участвовать олигархов на треть меньше, чем пять лет назад. По данным журнала Hurun, численность «фракции» миллиардеров в ВСНП 13-го созыва уменьшилась на 36,6% по сравнению с предыдущим созывом. Делегатов на сессии ВСНП выбирают каждые пять лет из списков, составляемых в КПК.

02 марта, 15:16

Власти Китая ввели внешнее управление в компании - инвесторе "Роснефти"

Shanghai Guosheng Group, инвестиционное агентство, контролируемое властями Шанхая, взяло на себя управление компанией CEFC China Energy на фоне расследования в отношении председателя совета директоров компании Е Цзяньминя, сообщает South China Morning Post (SCMP) со ссылкой на информированные источники.Также источники сообщили SCMP, что Цзяньминь был задержан до Нового года по лунному календарю, который начался 16 февраля.Сама компания опубликовала заявление, в котором раскритиковала сообщения СМИ о Цзяньмине, назвав их "беспочвенными и безответственными". По словам представителей CEFC, компания работает в нормальном режиме.1 марта сообщалось, что Цзяньминь попал под подозрение в совершении экономических преступлений. Его вызывали на допросы, однако источники не уточняют, какие органы власти были задействованы в этом и продолжается ли расследование, писало китайское издание Caixin.SCMP пишет, что власти Китая в последнее время обратили пристальное внимание на компании страны, скупающие зарубежные активы. Меры были приняты в отношении таких компаний, как Anbang, Dalian Wanda, Fosun Group и HNA Group. CEFC с июля 2015 года потратила на покупки за рубежом около $4,9 млрд.Покупка пакета в "Роснефти"CEFC China Energy - частная китайская компания, специализирующаяся на зарубежных инвестициях в энергетический и другие сектора, в 2017 году договорилась о покупке 14,16%-ной доли в российской НК "Роснефть" за $9,1 млрд. После завершения сделки CEFC должна стать третьим по величине пакета акционером "Роснефти" после государственного "Роснефтегаза" (владеет 50% + 1 акция) и BP Plc (19,75%).Сделку готов кредитовать российский госбанк ВТБ, который может выдать CEFC заем на 5 млрд евро под залог покупаемого пакета акций "Роснефти". "У нас подписаны все соглашения, открыта кредитная линия, которой компания может воспользоваться в любой момент. Они оплатили все комиссии, юридически обязывающие коммитменты с обеих сторон уже существуют", - говорил в январе глава ВТБ Андрей Костин.За пакет CEFC должна заплатить консорциуму суверенного фонда Катара и Glencore 3,9 млрд евро и эквивалент $4,576 млрд в евро по средневзвешенному курсу за пять дней перед датой платежа.Также в 2017 году CEFC поучаствовала в IPO холдинга Олега Дерипаски En+, вложив $500 млн в его акции.40-летний Цзяньмин превратил CEFC China Energy, основанную в 2002 году, в одну из компаний Fortune Global 500 - в 2017 году она занимала 222-е место в это рэнкинге с выручкой $43,7 млрд, опережая такие крупные и известные корпорации, как Coca-Cola, Goldman Sachs и Honeywell. Помимо ТЭК, CEFC China Energy активно инвестировала в банки, брокерские и управляющие фирмы, IT-компании и трейдинговые платформы.(http://www.interfax.ru/bu...)

01 марта, 21:13

Sheila Bair on Bitcoin: "We Shouldn't Ban It: The Green Bills In Your Pocket Don't Have Intrinsic Value, Either"

In a surprisingly forthright and honest interview between Barrons and Sheila Bair, the former FDIC chair who was responsible for big banks avoiding bank runs in the aftermath of the Lehman bankruptcy, discussed what she sees as the trigger for the next financial crisis, her thoughts on China's record leverage (and the recent promotion of Xi Jinping to emperor), how she views the current economy, on $1.3 trillion in student debt, and finally on bitcoin. While we will focus on the latter, here are some excerpts on the other key points. First, here is Bair on what she thinks will trigger the next crisis: I'd keep an eye on credit-card debt. Subprime auto has been a problem for a couple years, and valuations on loans used to finance leveraged buyouts are high. Any type of secured lending backed by an asset that is overvalued should be a concern. That is what happened with housing. Corporate debt also has not gotten as much attention as it should. It is market-funded, rather than bank-funded, but the banks still have exposure. Then there's cyber-risk. It took us so long to get around to the reforms postcrisis that we got a little behind on systemic cyber-risk, but regulators are very focused on it now. On China's risk to the global financial system: We look at their debt and wag our fingers and tsk, tsk. It is high. But they realize it is a threat to financial stability and are dealing with it. Last month, regulators took over privately held Anbang Insurance to keep it from collapsing. It is a sign they are continuing to crack down on reckless growth and excessive leverage. On Student Debt: That debt is all on the government's balance sheet, so no, not a market crisis. But there are parallels to 2008: There are massive amounts of unaffordable loans being made to people who can't pay them, and the easy availability of those loans is leading to asset inflation. In 2008, that was reflected in housing prices. Today, that's tuition. It's too easy to raise tuition because kids will borrow to pay for it. If the loan defaults, the primary beneficiaries -- educational institutions -- have no skin in the game, like in the mortgage crisis. How record student debt promotes inequality: Student-loan stories always feature someone who borrowed $90,000 to go to grad school or med school. But those people generally get jobs and have earnings potential, and debt-forgiveness programs disproportionately help them. The distress and high default rates are among the kids borrowing $10,000 to go to a for-profit school and dropping out; $10,000 may not sound like a lot to you and me, but for a first-generation student or someone without a college degree, that's a lot of money. Student debt also suppresses small-business formation. Kids who would have started a business in their parents' garage can't do that now because they owe $50,000. Beyond that, it's just a terrible financial burden for our kids that didn't exist 20 years ago. And finally, and most importantly, is Bair's tacit endorsement of bitcoin. By saying that "we should not ban it", Bair has effectively become the highest ranked current or former administration official to recommend keeping bitcoin while pointing out that - just like the dollar - its value is only what someone else would be willing to pay for it. Here is Bair's view on cryptocurrencies. Don't put any money into bitcoin that you can't afford to lose. But I don't think we should ban it -- the green bills in your pocket don't have an intrinsic value, either. The value is based on what others think is its value. That's true of any currency. Regulation should be focused on good disclosure, education, warding off fraud, and making sure it is not used for illicit activities. Let the market figure out what it's worth. That is what it is doing now. Source: Barrons

01 марта, 13:14

Chen Xiaolu, 1946-2018: princeling who atoned for cultural revolution

Director at Anbang and son of China’s one-time foreign minister

01 марта, 12:01

An Anbang-Linked Revolutionary Heir Dies in China. Speculation Begins.

Chen Xiaolu, 71, was one of a generation of well-connected so-called “princelings”—children of Communist Party elders—who amassed large fortunes after China opened up its economy in the late 1970s.

01 марта, 07:53

Anbang Seizure Part of New Policy To Stop Money Flowing Out Of China

China started the Chinese New Year by seizing the troubled Anbang Insurance Group, saying it was because the company's former chief was being prosecuted for economic crimes, but China watchers say it's part of a new policy to prevent money from flowing out of the country via foreign investments.

28 февраля, 04:50

Japanese, Chinese Data Disaster Crushes 'Global Synchronous Recovery' Narrative

US data has been ugly in recent weeks, disappointing to its weakest in 4 months... European data has been gravely disappointing as Draghi tries to pull the region out of QE. And tonight we get confirmation of Asia's demise as first Japan and then China show signs of serious economic slowdowns. First Japan, which saw retail sales plunge 1.8% - 3 times worse than expected, in January - the biggest plunge since Feb 2016... But then Japanese Industrial Production crashed 6.6% MoM - its biggest collapse since the 2011 tsunami! And then China data hit... Even allowing for the lunar new year's distortions, Chinese PMI data is a disaster, piling on to the disaster that saw 1st Tier home prices sink most since 2015, and Anbang Insurance bailed out by regulators (due to liquidity concerns). While some suggested pollution curbs (or regulatory efforts to control debt and leverage) could be blamed for the declines, consensus economists were likely fully aware of the calendar and the government policies and still drastically misplaced their optimism. The Manufacturing PMI fell to 50.3, compared with a 51.1 forecast in Bloomberg’s economist survey and 51.3 the prior month. Under the hood in manufacturing, both imports and new export orders contracted (readings below 50), and input and output price growth slumped, with small enterprises dominating the collapse. The Non-Manufacturing PMI slipped to 54.4 from 55.3 the prior month, the statistics bureau said Wednesday. Selling prices contracted, as did employment, new export orders, and work backlogs The Composite index covering both services and manufacturing stood at 52.9, versus 54.6 in January. Numbers above 50 indicate improving conditions The Steel Industry PMI sunk to 49.5, below 50, signaling a contraction as output collapsed. *  *  * All of which has crushed the hopes and dreams of the global synchronous recovery narrative - as global macro data surprises have collapsed into the negative and lowest since Sept 2016... All of which was nothing but China's massive credit impulse flooding through the global economy... Coming later tonight is Indian PMI, Malaysian inflation, Thailand trade data and Hong Kong GDP figures... so there's still hope?  

28 февраля, 02:55

Foreign Officials Discussed How To Manipulate "Naive" Jared Kushner

Just hours after Politico reported that White House senior advisor and Trump son-in-law Jared Kushner had been stripped of his top-level security clearance, the Washington Post dropped a bombshell report that purports to provide an unprecedented level of insight into why Kushner wasn't granted an exemption. According to WaPo, officials in at least four countries have privately discussed how to manipulate Kushner by taking advantage of his "complex business arrangements, financial difficulties and lack of foreign policy experience." The story cited current and former US intelligence officials. Kushner's family business, the Kushner Companies, was famously having money troubles tied to 666 Fifth Avenue, "the most expensive building ever purchased", in New York City at least. Though earlier today the Wall Street Journal reported that the family business was planning to buy out Vornado Realty's stake in the building. The officials - who were not named or - were from China, the United Arab Emirates, Israel and Mexico. White House officials, including National Security Advisor HR McMaster were reportedly uncomfortable about some of Kushner's contacts, and eventually worked out a system where any contacts he had with foreign officials were to be carefully monitored. McMaster raised questions about some of Kushner's meetings, and why there weren't people with more foreign policy experience in the room with him. Officials in the White House were concerned that Kushner was “naive and being tricked” in conversations with foreign officials, some of whom said they wanted to deal only with Kushner directly and not more experienced personnel, said one former White House official. Kushner has an unusually complex set of business arrangements and foreign entanglements for a senior White House aide, experts have said. But his behavior while in office has only drawn more scrutiny and raised concerns that he would be unable to obtain a final security clearance, which he needs to perform the many jobs Trump has entrusted to him, from negotiating foreign trade deals to overseeing a Middle East peace process. “We will not respond substantively to unnamed sources peddling second-hand hearsay with rank speculation that continue to leak inaccurate information,” said Peter Mirijanian, a spokesman for Kushner’s lawyer. White House officials said McMaster was taken aback by some of Kushner’s foreign contacts. “When he learned about it, it surprised him,” one official said. “He thought that was weird...It was an unusual thing. I don’t know that any White House has done it this way before.” The official said that McMaster was “not concerned but wanted an explanation. It seemed unusual to him.” In the months since, McMaster and Kushner have worked to coordinate so that the National Security Council is aware of Kushner’s contacts with foreign officials and so Kushner has access to the council’s country experts to prepare for meetings. Of course, as is often the case in WaPo stories, a key piece of context is buried more than a dozen paragraphs deep: The notion that foreign governments routinely discuss how they can influence senior administration officials - not just Kushner. Foreign governments routinely discuss ways they can influence senior officials in all administrations. “Every country will seek to find their point of leverage,” said one person familiar with intelligence intercepts of foreign officials discussing Kushner. But Kushner came to his position with an unusually complex set of business holdings and a family company facing significant debt issues. WaPo also said officials from the UAE identified Kushner as particularly manipulable in the spring of 2017 because of his family’s search for investors in their real estate company. Reports that the Kushners were close to a deal with Anbang, the giant Chinese conglomerate that was recently taken over by China's insurance regulator, for a deal involving 666 Fifth Ave, raised conflict of interest concerns last year. Though Kushner's repeated amendments to his security clearance filings don't look great in retrospect. We now wait for a reaction from the White House - or possibly from Trump himself.

27 февраля, 11:08

Waiting game

After Beijing moved on the insurance and financial giant, others are likely to be worried.

26 февраля, 14:32

Who Will Be Called On to Clean Up the Anbang Mess?

Now that Chinese regulators have seized cash-starved Anbang Insurance, it may be up to private companies to get behind a rescue.

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06 сентября 2016, 15:26

Zerohedge.com: Сын китайского “большого генерала” рассказал о том, что стоит за оттоком капитала из Китая

В течение последнего года две темы, связанные с Китаем, периодически привлекали внимание медиа: первая тема – которую мы осветили в начале марта – связана с волной странных сделок M&A в этой стране. Как мы поясняли тогда, многочисленные китайские корпорации в… читать далее → Запись Zerohedge.com: Сын китайского “большого генерала” рассказал о том, что стоит за оттоком капитала из Китая впервые появилась .