Hainan Airlines is seeking to raise up to 500 million yuan ($73.2 million) via a potential five-year onshore bond sale, marking a possible return to debt markets more than four years after its restructuring, according to people familiar with the matter. The airline has sounded out investors in recent weeks, with plans under consideration for at least a year. The issuance would test investor appetite for debt from restructured firms. Hainan Airlines completed its restructuring in 2021 and is now

A rare dislocation in China’s money markets is signaling excess liquidity and slowing credit demand, as the overnight repo rate fell to a near three-year low, widening its gap with the PBOC’s seven-day policy rate to the widest since September 2024. The divergence, despite recent liquidity drains, suggests banks are flush with cash but struggling to lend. Analysts including Kelvin Lam of Pantheon Macroeconomics said weak loan demand is weighing on growth, while NCD yields have dropped to record lows. Liu Jie of Tianfeng Securities warned April yuan loans could contract, while Yu Liu of Huaxi Securities said the PBOC may allow tools to mature to absorb liquidity. Samuel Tse of DBS said policy remains accommodative. The PBOC withdrew 890 billion yuan last month and kept reverse repo operations minimal, with potential bond issuance seen helping absorb excess funds.

ALIBABA GROUP HAS ANONYMOUSLY RELEASED A NEW AI VIDEO GENERATION MODEL CALLED HAPPYHORSE-1.0 - THE INFORMATION