Earlier this month, the China Banking Regulatory Commission (CBRC) ordered all domestic banks to assess their exposure to five Chinese companies that had been particularly acquisitive overseas. The five companies identified in the media include HNA Group, which owns an array of aviation companies including: Hainan Airlines Group, Swissport, Gategroup, and Bohai Leasing, which purchased Avolon. News reports state that the regulators were only factfinding at this stage to assess if there would be any systemic risk for the domestic financial system presented by these highly-leveraged companies, which have been raising finance for international acquisitions and working capital, if they

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In