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Expected surge in Chinese company defaults will spur restructuring demand as funds gear up to swoop on distressed assets, says A&M advisor

Summary:
[unable to retrieve full-text content]An increase in bond defaults by Chinese companies expected in 2020 means more opportunities for restructuring advisers, as domestic and global funds gear up to buy distressed assets, a senior partner at global turnaround firm Alvarez & Marsal (A&M) says.Corporate delinquencies surged to a record high of 153.5 billion yuan (US billion) last year, up from 117.1 billion in 2018, according to Wind data. The upward trend is set to continue as the government strives to strike a delicate balancing…

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[unable to retrieve full-text content]
An increase in bond defaults by Chinese companies expected in 2020 means more opportunities for restructuring advisers, as domestic and global funds gear up to buy distressed assets, a senior partner at global turnaround firm Alvarez & Marsal (A&M) says.Corporate delinquencies surged to a record high of 153.5 billion yuan (US$22 billion) last year, up from 117.1 billion in 2018, according to Wind data. The upward trend is set to continue as the government strives to strike a delicate balancing…

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