#Mount Qilai

[scrapblring]

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@caco_chen

[hbclife]

Egypt to buy 180,000 tonnes of Indian wheat

Egypt to buy 180,000 tonnes of Indian wheat

A harvester and a tractor collect wheat from a field before it will be turned to rice paddies on Chongming Island, in Shanghai, China, on Thursday, June 2, 2022. With the world facing mounting food insecurity because of shortages and soaring costs, governments will be watching rice prices for any sign that political unrest is about to erupt. Photographer: Qilai Shen/Bloomberg Egypt has…

[thenetionalnews]

Bangladesh tries to secure wheat from Russia as India stops exports: Sources

Bangladesh tries to secure wheat from Russia as India stops exports: Sources

A harvester and a tractor collect wheat from a field before it will be turned to rice paddies on Chongming Island, in Shanghai, China, on Thursday, June 2, 2022. With the world facing mounting food insecurity because of shortages and soreing costs, governments will be watching rice prices for any sign that political unrest is about to erupt. Photographer: Qilai Shen/Bloomberg Bangladesh is…

[ourprefers]

Asian stocks, oil prices fall sharply as inflation concerns mount

Asian stocks, oil prices fall sharply as inflation concerns mount

Investors fear a swift consumer demand rebound coupled with trillions of dollars in stimulus measures may drive up inflation. China’s blue chip share index shed 1.9 percent, perhaps unnerved by a fiery exchange between Chinese and US diplomats at the first in-person talks since US President Joe Biden took office [Qilai Shen/Bloomberg] Asian share markets slipped on Friday after a spike in…

[thenewsedge]

Surveillance cameras are mounted on a post at Tiananmen Square as snow falls in Beijing, China, on Thursday, Feb. 14, 2019.Qilai Shen | Bloomberg | Getty ImagesChina could use the coronavirus outbreak to boost its mass surveillance capabilities as it looks to technology to help contain the epidemic in the world's second-largest economy.The Communist Party…

[newsnomadblog]

Pot Kettle Black: US takes aim at Chinese surveillance industry

Pot Kettle Black: US takes aim at Chinese surveillance industry

Surveillance cameras are mounted on a post at Tiananmen Square as snow falls in Beijing, China, on Thursday, Feb. 14, 2019. Qilai Shen | Bloomberg | Getty Images

27 May 2019 | Arjun Kharpal | CNBC

China and America’s trade war looks more and more like a tech war, and the United States appears to be widening its focus on to another category of Chinese technology: surveillance.

The U.S. may put…

[kevinjona4]

China to boost mass surveillance machine, experts say

China to boost mass surveillance machine, experts say

Surveillance cameras are mounted on a post at Tiananmen Square as snow falls in Beijing, China, on Thursday, Feb. 14, 2019.

Qilai Shen | Bloomberg | Getty Images

China could use the coronavirus outbreak to boost its mass surveillance capabilities as it looks to technology to help contain the epidemic in the world’s second-largest economy.

The Communist Party has built a vast surveillance…

[rollinbrigittenv8]

China’s Alibaba Trims Business Travel Spend as Trade War Concerns Mount

Travelers walk through a terminal overlooking an Air China jet at the Beijing Capital International Airport in Beijing, China, on March 15, 2016. Alibaba cautioned its employees to trim its business travel spend. Qilai Shen / Bloomberg

Skift Take: Alibaba's business travelers are no longer routinely booking extra-legroom seats, and they are not riding solo in taxis. The impact of U.S.-China trade war tensions is creeping into U.S.-China travel from both countries.

— Dennis Schaal

Read the Complete Story On Skift

[howfrankplay]

山給了你什麼？給了我時間在山上專注做一件事放鬆心情，從對面合歡山看向奇萊北峰，真的發現自己在這大自然很渺小，要懂得珍惜下到山下的時光。 我的第13座百岳，近期走向山裡都沒一定要追求數量，以前總是覺得不管怎樣就是要攻頂，後來覺得可以出來走走就好。 原本走奇萊北壁下屏風的行程，因為積雪，果斷的早在前一天就放棄重裝上稜，只背了食物加上攝影器材大概10kg上去，5點半出發走2公里多的路用3小時20分攻頂，好像是走的有點慢。 原本時間足夠讓我去主山，但為了拍北壁而放棄去主峰，北峰真的很壯觀，花點時間在這裡也不錯。對我來說，山永遠都在下次再來就好，可以走個奇萊連峰。從北峰回到稜線後去參觀稜線山屋一趟，也慶幸沒住在這裡，真的很小。 參觀完稜線山屋回程遇到大風吹，最慘的是主北岔路比北主岔路結了更多��，在路上硬是小摔了兩三次，不過也無傷大雅。 在北峰的時候就計算過出到登山口的可能性，回到山屋也覺得可能摸小黑就可以出到登山口，當下也快速的打包就出發，畢竟騎車爬山是有預算的，能省則省。 奇萊主北跟大部分的山不太一樣，撇除縱走路線，得留些體力給主北回程，最後3.6公里需要爬升400m，也是一個完美ending吧？ 更多照片歡迎追蹤(For more photos, you’re welcome to follow): @howfrankplay https://www.instagram.com/howfrankplay Blog: https://94frank.com #山 #mountain #mountains #mount #mounts #岳 #登山 #爬山 #hiking #mountaineering #mountainclimbing #登山步道 #奇萊群峰 #下雪 #奇萊北壁 #奇萊主北 #qilai #qilainorthpeak #chilainorthpeak #mountchilai #mountqilai #mtchilai #mtqilai #mountainchilai #mountainqilai #奇萊北峰下屏風山 #奇萊北壁下屏風 #騎車爬山 #百岳 #奇萊北峰 （在 奇萊北峰） https://www.instagram.com/p/CL1qTv7F0yR/?igshid=s5d6hzomkkl8

[hbclife]

Bangladesh tries to secure wheat from Russia as India stops exports: Sources

Bangladesh tries to secure wheat from Russia as India stops exports: Sources

A harvester and a tractor collect wheat from a field before it will be turned to rice paddies on Chongming Island, in Shanghai, China, on Thursday, June 2, 2022. With the world facing mounting food insecurity because of shortages and soaring costs, governments will be watching rice prices for any sign that political unrest is about to erupt. Photographer: Qilai Shen/Bloomberg Bangladesh is…

[kevinjona4]

One billion surveillance cameras will be watching globally in 2021

One billion surveillance cameras will be watching globally in 2021

Surveillance cameras are mounted on a post as the Hangzhou Hikvision Digital Technology Co. logo is displayed atop the company’s headquarters in Hangzhou, China, on Tuesday, May 28, 2019. Hikvision, which is controlled by the Chinese government, is one of the leaders in the market for surveillance technology.

Qilai Shen | Bloomberg | Getty Images

One billion surveillance cameras will be…

[touristguidebuzz]

HNA Failed to Be Transparent About Details of Its Virgin Australia Stake

The HNA Group building in Beijing, China. The company has been criticized for being opaque about its finances. Qilai Shen / Bloomberg

Skift Take: HNA's omissions and lack of transparency are deeply ingrained in the company's culture. This could end badly as regulators catch up with the Chinese company's aggressive investing style around the world.

— Dennis Schaal

HNA Group Co. said it failed to fully disclose how its $350 million stake in Virgin Australia Holdings Ltd. is controlled, less than a month after regulators in New Zealand blocked an acquisition citing the Chinese conglomerate’s opaque ownership structure.

Five substantial holder notices to the Australian stock exchange in 2016 and 2017 relating to HNA’s 20 percent stake left out entities with a “relevant interest” in the airline, the Chinese company said in a letter to Sydney-listed Virgin Australia that was disclosed by the bourse on Jan. 8.

HNA’s belated disclosure lists 518 entities from South America to Asia that appear to deal in everything from hotels and refrigerated trucks to aviation and car rentals. The date on the letter — Jan. 2 — is just days after the Overseas Investment Office of New Zealand barred HNA’s purchase of a local asset-finance business.

Questions about HNA’s ownership have attracted the attention of regulators from Australia to Switzerland and the U.S. As pressure mounted last year, HNA in July announced it was controlled by two charities — one based in New York and another in Hainan.

The omission in the Virgin filings was “due to an oversight,” HNA said in its letter. While HNA companies “in the chain of ownership” of the Virgin stake were included in previous notices, “sister companies of those entities were incorrectly omitted as they do not directly or indirectly have an interest in those shares but instead are deemed to have a relevant interest” under Australian law, the company said.

A representative for HNA was unable to comment immediately on the filing. A spokeswoman for Virgin Australia declined to comment.

Australian law defines “relevant interest” in shares as ownership, or having control over voting rights or the sale of the stock.

–With assistance from Prudence Ho

©2018 Bloomberg L.P.

This article was written by Angus Whitley from Bloomberg and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.

[rollinbrigittenv8]

HNA Group Contemplating Asset Sales as Debt Crisis Grows

HNA Group offices in Beijing. The conglomerate is struggling to raise funds. Qilai Shen / Bloomberg

Skift Take: HNA Group has stakes in Hilton, NH Hotels, and owns Carlson Hotels outright. With debt costs rising, might it look to offload some of these hospitality assets?

— Patrick Whyte

HNA Group Co., one of China’s most indebted companies, is facing increasing difficulties raising funds as scrutiny mounts over the acquisitive conglomerate’s surging borrowing costs.

In the past week, S&P Global Ratings and Fitch Ratings have voiced concerns about at least four companies because of their ties with HNA. Separately, group flagship Hainan Airlines Holding Co. canceled a bond sale, another unit scrapped a share offering and HNA subsidiaries have been paying some of their highest borrowing costs ever.

The setbacks add to the pressures piling up at the largest shareholder of Deutsche Bank AG as the Chinese conglomerate stares at about $28 billion in short-term debt at a time the company is unable to earn enough profits to cover its interest payments. As difficulties mount — HNA has also been under scrutiny from the Chinese government over its debt-fueled acquisitions — Chief Executive Officer Adam Tan said last week the conglomerate is considering selling assets, suggesting the company is reversing a shopping spree that cost tens of billions of dollars.

“This is a wake-up call to HNA Group that it needs to address the key challenges of having an over-complicated group structure, high financial leverage and lack of transparency,” said Corrine Png, CEO of Singapore-based Crucial Perspective Pte, a specialist in Asian transportation equities. “This again reflects the credit agencies’ lack of confidence on HNA Group’s financial position.”

Still, HNA hasn’t given up on fundraising. Tianjin Airlines Co. plans to issue 1 billion yuan of bonds, while Bohai Capital Holding Co. is seeking to offer 1.5 billion yuan of bonds this week, according to Chinamoney.

“There has been a clear revision downward in investor perception of the HNA entity and its subsidiaries,” said Todd Schubert, head of fixed-income research at Bank of Singapore Ltd. “For potential debt issuance, the net result will be significantly higher coupon rates.”

HNA representatives couldn’t immediately comment for this story. The following is a summarized list of HNA’s recent setbacks:

Avolon

On Wednesday, Fitch voiced concerns about Avolon Holdings Ltd., the airplane-leasing company, and its ties with Chinese parent HNA. The ratings firm highlighted $365 million in loans originated from Avolon that were provided to another HNA unit during the third quarter, bringing into question the independence of Avolon’s decision-making process. Fitch also cited concerns about reports that HNA units have been delaying airplane-lease payments. Avolon didn’t immediately respond to requests for comment, while Hainan Air said said it has good cooperative relationships with lessors, and that they have been keeping positive and friendly communication with them.

“HNA’s biggest challenge is that the market has always been struggling to understand the internal money transactions of HNA,” said Lyu Pin, a credit analyst at Citic Securities Co. “It is difficult to sort out the intricacies around a myriad of money transfers between these HNA units.”

Swissport

On Tuesday, S&P cut its long-term corporate rating on Swissport Group Sarl to B-, six levels below investment grade, citing increasing concerns about the Chinese parent.

Gategroup

On Nov. 29, S&P cut its rating on the Gategroup Holding AG, a Swiss catering HNA unit, citing “significant debt maturities and tightening liquidity” at the Chinese parent.

UDC Finance

On Nov. 29, S&P said it expects to cut UDC Finance Ltd.’s credit rating if the New Zealand company’s sale to HNA is completed.

Hainan Air

HNA’s flagship airline said Wednesday it scrapped plans to sell 1 billion yuan ($151 million) of perpetual securities in China’s local market to repay maturing debt. The cancellation comes amid growing strains for HNA Group from a debt-fueled $40 billion acquisition spree across six continents. The deals have invited scrutiny from regulators across the globe and put the company in the crosshairs of a Chinese government that’s clamping down on capital outflows. Hainan Airlines said it canceled the sale because of the “market environment” and said the airline has a sound business operation.

One of Hainan Air’s bonds fell the most on record on Wednesday after Bloomberg reported on the canceled sale.

Deutsche Bank

BaFin, the German financial supervisor, is probing whether HNA accurately reported its holdings when building its stake in Deutsche Bank, according to two people with knowledge of the matter in early December. A spokesman at HNA said at the time the company’s voting rights communications have always been correct, while a representative for the regulator declined to comment.

HNA Investment

HNA Investment Group Co. said this week it scrapped a proposed 5.2 billion yuan share sale after the company failed to get regulatory approval for the deal. The company, whose businesses range from real estate to hotel management, said it withdrew the plan after it didn’t receive a finalized written approval for the private share placement from the China Securities Regulatory Commission. The company, which cut the size of the offering from an initial plan of 12 billion yuan in 2015, planned to use the proceeds to invest in Sinosafe General Insurance Co. and a medical firm, according to the filing.

More Airlines

HNA’s Yunnan Lucky Air Co. sold a 270-day yuan bond to yield 8.2 percent last week, the highest coupon rate ever for the Yunnan airline. Tianjin Airlines, another subsidiary of Hainan Airlines, issued similar-maturity notes at the highest coupon rate in five years in November. While surging onshore bond yields last month forced Chinese companies to cancel the most bond offerings since April, HNA’s units didn’t slow their pace of financing. They revived debt sales from November, following a lull after news emerged in June about a crackdown by China’s banking regulator. The accelerated fundraising suggests a need for money and may hurt the conglomerate’s credit profile, according to credit research firm Bondcritic Ltd.

©2017 Bloomberg L.P.

This article was written by Bloomberg News from Bloomberg and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.

[howfrankplay]

#群山之島與不去會死的他們 的場景 - 奇萊北峰，與他的的北壁。 更多照片歡迎追蹤(For more photos, you’re welcome to follow): @howfrankplay https://www.instagram.com/howfrankplay Blog: https://94frank.com #山 #mountain #mountains #mount #mounts #岳 #登山 #爬山 #hiking #mountaineering #mountainclimbing #登山步道 #奇萊群峰 #下雪 #奇萊北壁 #奇萊主北 #qilai #qilainorthpeak #chilainorthpeak #mountchilai #mountqilai #mtchilai #mtqilai #mountainchilai #mountainqilai #奇萊北峰下屏風山 #奇萊北壁下屏風 （在 奇萊北峰） https://www.instagram.com/p/CLzbSiVFyzA/?igshid=lfuau4g32hnb

[howfrankplay]

這個視角看奇萊群峰，可能很多人都不知道奇萊群峰有東峰和南南峰，這個視角剛好可以把奇萊群峰全看清楚。 這張照片裡由北至南有 #奇萊北峰 #奇萊池山 #奇萊主山 #奇萊東峰 #卡羅樓山 #奇萊裡山 #奇萊南峰 和 #奇萊南南峰 。 更多照片歡迎追蹤(For more photos, you’re welcome to follow): @howfrankplay https://www.instagram.com/howfrankplay Blog: https://94frank.com #山 #mountain #mountains #mount #mounts #岳 #登山 #爬山 #hiking #mountaineering #mountainclimbing #登山步道 #奇萊群峰 #下雪 #奇萊北壁 #奇萊主北 #qilai #qilainorthpeak #qilaimainpeak #chilaimainpeak #mountchilai #mountqilai（在 奇萊北峰） https://www.instagram.com/p/CLqKS4KloLU/?igshid=q057sxbtnwmm

[howfrankplay]

人在這片土地上很渺小 都快看不見自己了，生活上也是，自己有想做的事就去做？做自己故事的英雄（這時候來首 #五月天 的 #轉眼 很有feel） 比較近的背景從左至右是屏風山南峰、中鋒和主峰，比較想從這裡走下去多於從下面走上來XD 更多照片歡迎追蹤(For more photos, you’re welcome to follow): @howfrankplay https://www.instagram.com/howfrankplay #山 #mountain #mountains #mount #mounts #岳 #山岳 #登山 #爬山 #hike #hiking #mountaineer #mountaineering #mountainclimbing #登山步道 #小奇萊 奇萊尖 #奇萊北峰 #奇萊群峰 #下雪 #奇萊北壁 #積雪 #奇萊主北 #qilai #qilainorthpeak #qilaimainpeak #chilaimainpeak #mountchilai #mountqilai （在 奇萊北峰） https://www.instagram.com/p/CLnZ9OBF9pq/?igshid=c6g86y9qtoc5