Monday , August 2 2021
Home / South China Morning Post / China debt market feeling the heat in June with two big defaults and a government order to reduce risk

China debt market feeling the heat in June with two big defaults and a government order to reduce risk

Summary:
[unable to retrieve full-text content]A bankruptcy by a heavily indebted state enterprise backed by a provincial government, a large trust investment firm being unable to pay its investors and an order to all state firms in a southwestern province to restructure their debts are all recent incidents that have further highlighted the growing stress in China’s debt market.Energy and mining conglomerate Qinghai Provincial Investment Group, which is ultimately owned by the state-owned asset watchdog for Qinghai province, had already…

Topics:
Frank Tang considers the following as important:

This could be interesting, too:

Tyler Durden writes Sky News Australia Suspended By YouTube

Yujie Xue writes China’s post-pandemic economic stimulus spending on green projects shows there is room for improvement: Greenpeace

Tyler Durden writes Earnings Have To Grow At 3.8% In Perpetuity For Stock Prices To Make Sense

Tyler Durden writes When Will The COVID Revolt Come?

[unable to retrieve full-text content]
A bankruptcy by a heavily indebted state enterprise backed by a provincial government, a large trust investment firm being unable to pay its investors and an order to all state firms in a southwestern province to restructure their debts are all recent incidents that have further highlighted the growing stress in China’s debt market.Energy and mining conglomerate Qinghai Provincial Investment Group, which is ultimately owned by the state-owned asset watchdog for Qinghai province, had already…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.