#Censorship #WhiteTerror
Documentary about Hong Kong Pro-democracy Singer Denise Ho Banned by Top Streaming Platform
On July 1, 2020, the documentary about Hong Kong pro-democracy singer Denise Ho was released but meanwhile banned by a top streaming platform. Ho expressed her disappointment but did not reveal the name of the platform. The streaming platform has business in China and this is suspected to be the reason why the documentary was censored.
Director Sue Williams found it ironic that a documentary, exploring how artists censored by China survive in the showbiz, was itself censored by China. The director also said she did not think that the film could be shown in Hong Kong theatres.
Source: Apple Daily #Aug26
https://bit.ly/2YCBqKR
#DeniseHo #HOCC #SueWilliams #Cinema #Documentary #ChinaMarket
Documentary about Hong Kong Pro-democracy Singer Denise Ho Banned by Top Streaming Platform
On July 1, 2020, the documentary about Hong Kong pro-democracy singer Denise Ho was released but meanwhile banned by a top streaming platform. Ho expressed her disappointment but did not reveal the name of the platform. The streaming platform has business in China and this is suspected to be the reason why the documentary was censored.
Director Sue Williams found it ironic that a documentary, exploring how artists censored by China survive in the showbiz, was itself censored by China. The director also said she did not think that the film could be shown in Hong Kong theatres.
Source: Apple Daily #Aug26
https://bit.ly/2YCBqKR
#DeniseHo #HOCC #SueWilliams #Cinema #Documentary #ChinaMarket
#Economy
No Chinese Stock Left Among Global Top 10 as #Tencent Slides
//Tencent Holdings Ltd. has lost its place among the world’s 10 largest companies by market value, leaving no Chinese company in the list as Bejing’s regulatory crackdown continues to wreak havoc on the stock market.
Hong Kong-listed shares of the gaming and social media company fell 0.5% Thursday, valuing it at $556 billion. That’s just below U.S. chipmaker Nvidia Corp., data compiled by Bloomberg shows.
This is the first time that a Chinese company isn’t among the world’s ten largest since 2017, the data show. Tencent’s unseating follows that of #Alibaba Group Holding Ltd. earlier this year, as China’s tech behemoths face tougher rules on everything from monopolistic practices to data security and kids’ gaming hours.//
Source: Bloomberg #Sept16
https://www.bloomberg.com/news/articles/2021-09-16/tencent-s-slide-leaves-china-with-no-stocks-in-global-top-10
#CCP #HengSengIndex #ChinaMarket #StockMarket
No Chinese Stock Left Among Global Top 10 as #Tencent Slides
//Tencent Holdings Ltd. has lost its place among the world’s 10 largest companies by market value, leaving no Chinese company in the list as Bejing’s regulatory crackdown continues to wreak havoc on the stock market.
Hong Kong-listed shares of the gaming and social media company fell 0.5% Thursday, valuing it at $556 billion. That’s just below U.S. chipmaker Nvidia Corp., data compiled by Bloomberg shows.
This is the first time that a Chinese company isn’t among the world’s ten largest since 2017, the data show. Tencent’s unseating follows that of #Alibaba Group Holding Ltd. earlier this year, as China’s tech behemoths face tougher rules on everything from monopolistic practices to data security and kids’ gaming hours.//
Source: Bloomberg #Sept16
https://www.bloomberg.com/news/articles/2021-09-16/tencent-s-slide-leaves-china-with-no-stocks-in-global-top-10
#CCP #HengSengIndex #ChinaMarket #StockMarket
#Evergrande and other Chinese property giants have sizeable off-balance sheet debt: #JPMorgan
//Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
"Instead of true deleveraging, we think Evergrande has shifted some of the interest-bearing debt to off-balance sheet debt," JPMorgan's analysts said. "Commercial papers, wealth management products and perpetual capital securities, etc, which are not officially counted as debt."
They estimated Evergrande's "net gearing," as debt as a ratio of a firm's equity is known, was at least 177% at the end of the first half of the year, instead of the 100% its accounts reported.
"It is possible that the real gearing could be even higher, as data on some off-balance sheet debt is not publicly available," JPMorgan added, saying the "disguised" debt as it called it added up to 55% of Evergrande's overall debt.
Other major firms whose gearing levels were likely to be higher than formally reported included R&F Properties (2777.HK) at 139% versus the 123%, #SunacChina Holdings (1918.HK) at 138% versus 87% reported and #CountryGarden (2007.HK) at 76% versus 50% reported.//
Source: Reuters #Oct7
https://www.reuters.com/business/finance/evergrande-other-chinese-property-giants-have-sizeable-off-balance-sheet-debt-2021-10-07/
#PropertyAnalysis #Economy #Finance #CCPRules #Debt #ChinaMarket #Bubble
//Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
"Instead of true deleveraging, we think Evergrande has shifted some of the interest-bearing debt to off-balance sheet debt," JPMorgan's analysts said. "Commercial papers, wealth management products and perpetual capital securities, etc, which are not officially counted as debt."
They estimated Evergrande's "net gearing," as debt as a ratio of a firm's equity is known, was at least 177% at the end of the first half of the year, instead of the 100% its accounts reported.
"It is possible that the real gearing could be even higher, as data on some off-balance sheet debt is not publicly available," JPMorgan added, saying the "disguised" debt as it called it added up to 55% of Evergrande's overall debt.
Other major firms whose gearing levels were likely to be higher than formally reported included R&F Properties (2777.HK) at 139% versus the 123%, #SunacChina Holdings (1918.HK) at 138% versus 87% reported and #CountryGarden (2007.HK) at 76% versus 50% reported.//
Source: Reuters #Oct7
https://www.reuters.com/business/finance/evergrande-other-chinese-property-giants-have-sizeable-off-balance-sheet-debt-2021-10-07/
#PropertyAnalysis #Economy #Finance #CCPRules #Debt #ChinaMarket #Bubble
Reuters
Evergrande and other Chinese property giants have sizeable off-balance sheet debt - JPMorgan
Investment bank JPMorgan has estimated that troubled Chinese property giant Evergrande and many of its major rivals have billions of dollars worth of off-balance sheet debt that, once added on, ramp up their leverage ratios.
#Censorship
#China requests shots of Statue of Liberty be removed in #Spiderman: No Way Home; declined by #SONY
Confirmed by multiple sources, CBR.com quoted a passage from puck.news stating the Chinese authority requested shots of the Statue of Liberty in the latest Spiderman film No Way Home be removed.
China's request was allegedly caused by the multiple shots of the main character #TomHolland standing on top of the crown of the Statue of Liberty. According to China, it was a showcase of ‘American patriotism’. SONY allegedly refused such request immediately.
Doubtlessly, losing the Chinese market did not affect the box office of this movie much, as the Spideman film was ranked the sixth highest-selling movie in the film industry.
Based on multiple sources, the latest Doctor Strange movie, Doctor Strange in the Multiverse of Madness, would also not be shown in China because of the appearance of ‘The Epoch Times’ in the movie. If this is the case, #DoctorStrange would be the sixth #Marvel movie that was censored by China, consecutively.
[The other five were: Black Widow, Eternals, Shang-Chi And The Legend Of The Ten Rings, Venom: Let There Be Carnage and Spider-Man: No Way Home]
Nonetheless, the latest Doctor Strange movie will still be aired in Hong Kong.
Source: Strait Times; CBR #May2
https://www.straitstimes.com/life/entertainment/doctor-strange-sequel-may-be-latest-marvel-film-not-released-in-china-due-to-backlash
https://www.cbr.com/spider-man-no-way-home-china-statue-of-liberty-sony-refuse/
#Hollywood #Cinema #ChinaMarket #StatueofLiberty
#China requests shots of Statue of Liberty be removed in #Spiderman: No Way Home; declined by #SONY
Confirmed by multiple sources, CBR.com quoted a passage from puck.news stating the Chinese authority requested shots of the Statue of Liberty in the latest Spiderman film No Way Home be removed.
China's request was allegedly caused by the multiple shots of the main character #TomHolland standing on top of the crown of the Statue of Liberty. According to China, it was a showcase of ‘American patriotism’. SONY allegedly refused such request immediately.
Doubtlessly, losing the Chinese market did not affect the box office of this movie much, as the Spideman film was ranked the sixth highest-selling movie in the film industry.
Based on multiple sources, the latest Doctor Strange movie, Doctor Strange in the Multiverse of Madness, would also not be shown in China because of the appearance of ‘The Epoch Times’ in the movie. If this is the case, #DoctorStrange would be the sixth #Marvel movie that was censored by China, consecutively.
[The other five were: Black Widow, Eternals, Shang-Chi And The Legend Of The Ten Rings, Venom: Let There Be Carnage and Spider-Man: No Way Home]
Nonetheless, the latest Doctor Strange movie will still be aired in Hong Kong.
Source: Strait Times; CBR #May2
https://www.straitstimes.com/life/entertainment/doctor-strange-sequel-may-be-latest-marvel-film-not-released-in-china-due-to-backlash
https://www.cbr.com/spider-man-no-way-home-china-statue-of-liberty-sony-refuse/
#Hollywood #Cinema #ChinaMarket #StatueofLiberty
The Straits Times
Doctor Strange sequel may be latest Marvel film not released in China due to backlash
The uproar is due to a brief scene referencing The Epoch Times, a media company which opposes the Chinese Communist Party. Read more at straitstimes.com.