Wave of bond defaults tests China’s fixed income market – Financial Times
Wave of bond defaults tests China’s fixed income market – Financial Times
China’s rapidly growing $ 15 billion onshore bond market has been rocked by a wave of defaults by state-owned companies that threaten to expose systemic weaknesses in the financial system of the world’s second-largest economy. More bond defaults are expected to follow, as Beijing has indicated it is no longer ready to help struggling public […]
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