# ST Companies
Latest news and articles about ST Companies
Total: 2 articles found
China's Corporate Chasm: The Great Divide Between Cash Giants and Insolvent Zombies
First-quarter 2026 data for China's A-share market shows 36 companies are insolvent while industry leaders like CATL and China State Construction hold record cash reserves. The report highlights a growing divide between distressed 'zombie' firms and cash-rich giants, set against a backdrop of real estate sector cooling and a transition toward a high-tech 'New Economy'.
Capital Fortresses and Debt Traps: The Divergent Fortunes of China’s Corporate Giants
At the close of 2025, non-financial A-share companies held a record 14.22 trillion RMB in cash, led by giants like China State Construction and CATL. However, the data also reveals a deepening crisis for nearly 900 firms with liquidity ratios below 1.0, highlighting a widening gap between corporate 'Cash Kings' and insolvent 'zombie' companies.