Market views: Are Chinese bond defaults pushing back investors? | Asset owners – AsianInvestor
The Chinese bond market has grown rapidly over the past decade. However, a spate of corporate bond defaults by state-owned enterprises (SOEs) in recent weeks has shaken investor confidence. In November, Yongcheng Coal & Electricity (Yongcheng) missed a payment of 1 billion rmb ($ 152.3 million). The state-run coal miner blamed the lack of cash. […]
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