China Economic Review - Alpha en copyright 2015 Kaisa defaults on offshore bond interest payments <p>Struggling developer Kaisa Group Holdings said it had defaulted on offshore bond interest payments, <a href="" target="_blank"><em>The Wall Street Journal</em></a> reported, citing a statement published on the Hong Kong Stock Exchange's official website. The Shenzhen-based developer said it had made neither a scheduled payment of US$16.1 million on US$250 million of 2017 notes (due March 18) nor a payment of US$35 million on two 2018 notes (due March 19), even after a 30-day grace period. Thu, 01 Jan 1970 08:00:00 CST Chinese oil rig builders see delivery delays for over $2bn in orders <p>Six drilling rig orders at state-owned Chinese shipyards worth over US$2 billion are facing delivery delays as offshore oil service firms feel the squeeze from the ongoing global oil rout, <em><a href="">South China Morning Post</a> </em>reported. Top-tier Chinese shipbuilders, mostly state-owned, moved into the offshore drilling market to ease the impact of collapsing demand for new cargo ships after the financial crisis. Thu, 01 Jan 1970 08:00:00 CST New security rules unveiled for foreign investors in China's FTZs <p>The State Council has unveiled pilot vetting rules for foreign investors seeking a stake in sensitive sectors of China's four free-trade zones that will come into effect early next month, <a href="" target="_blank"><em>South China Morning Post</em></a> reported. Thu, 01 Jan 1970 08:00:00 CST Shanghai, Hong Kong markets fall following regulatory announcements <p>The Shanghai Composite Index dropped 1.6% to close at 4,217.08 Monday while Hong Kong's Hang Seng Index fell 2% and the CSI 300 index slid 1.6%, <a href="">Bloomberg</a> reported. China's securities regulator announced measures on Friday to clamp down on the use of shadow financing for equity purchases and increase shares available for short sellers. Thu, 01 Jan 1970 08:00:00 CST Regulators may ban infant formula advertisements in China <p>Authorities are considering a ban on infant formula advertisements to deal with China's low levels of breast feeding, <a href="" target="_blank">Reuters</a> reported, citing state media. The draft would ban ads in mass media or public places for dairy products, drinks and other foods that "claim to partly or completely substitute mother's milk", Xinhua said. Thu, 01 Jan 1970 08:00:00 CST