Silver as an investment

Category Archives: HNA Group

To Avoid Liquidation Panic, HNA Assures Deutsche Shareholders It’s A “Long-Term Investor”

The notoriously acquisitive Chinese conglomerate HNA – which recently had a sharp falling out with Beijing resulting in a margin call "shocksave" – is facing a serious cash crunch in 2018 as nearly a quarter of its $100 billion in debt – a large chunk of which was accumulated during a multi-year buying spree that […]

Anbang? Evergrande? Or Does HNA’s Bond Sale Mark The Beginning Of China’s Minsky Moment?

We know… there are several candidates to choose from. For example… It might be Anbang – the acquisitive insurance behemoth – see “Anbang Just Became A ‘Systemic Risk’: Revenues Crash As Its Chairman Is “Detained” It might be China Evergrande – the developer of “ghost” properties and described by J Capital’s, Anne Stevenson-Yang as “the […]

Beijing Blowback Begins: China Orders Anbang To Sell Its Overseas Assets

Two weeks ago, when discussing the troubles plaguing one of China’s conglomerates and “boldest dealmaker”, HNA Group – recently best known for acquiring Anthony Scaramucci’s SkyBridge capital in a transaction that has yet to close – we said that what until recently was one of the world’s most aggressive roll-ups of varied companies from around […]

Frontrunning: July 25

Dollar slumps to 13-month lows before Fed; euro up (Reuters) Overwhelming approval likely for Russia bill (Reuters) Trump to study tougher Russia sanctions bill: White House (Reuters) Unrest bubbles among Trump’s key foreign policy aides (Reuters) Abe Overtaken by Rival as Top Choice for Japan Premier in Poll (BBG) More U.S. Cars Are Made in […]

“It Feels Like An Avalanche”: China’s Crackdown On Conglomerates Has Sent A “Shock Wave” Across Markets

The first to suffer Beijing’s crackdown against China’s private merger-crazy conglomerates, wave was the acquisitive “insurance” behemoth, Anbang, whose CEO Wu Xiaohui briefly disappeared as the Politburo made it clear that the “old way” of money laundering – via offshore deals – is no longer tolerated. Then, several weeks later and shortly after the stocks […]