China’s Black Monday could crimp dealmaking

New bond and stock issuance could be among the casualties after shares in Shanghai suffered their worst daily decline in eight years.

China’s Black Monday could crimp dealmaking
Some Chinese companies could struggle to raise funds in the wake of Monday’s market riots, analysts and bankers said, after a regional selloff gathered pace as market fears over China’s gloomy economic outlook continued to build.
 
A weekend pledge by China's state pension fund to pump more money into flagging mainland bourses failed to have the desired mollifying effect as investor selling intensified, sending key benchmarks to fresh multi-year lows. The...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES