distressed debt

Distressed debt: Why India must make friends with the vultures

Sitting on a half a trillion dollars of non-performing assets, India’s desire to lift growth should be enough to allow foreign investors to fully tap the country’s distressed debt market. However, there are two major impediments to change.

January 16, 2020

Baoshang Bank rescue attracts investors to China debt

Beijing's rescue of the collapsed Baoshang Bank has led some investors to seek out bond investments, relying on the implicit desire of the government to prevent a credit crisis.

July 02, 2019

Credit risks hang over Hainan Airlines

After its defaults last year, creditors could call in $12 billion of debt from Hainan Airlines, the prize asset of Chinese conglomerate HNA Group.

June 12, 2019

Buyers' market for Chinese NPLs created by tighter credit

Stricter credit requirements, the Sino-US trade war and defaults are creating a bonanza of Chinese non-performing loans for foreign investors.

June 05, 2019

Beijing's $14.5b liquidity plan to avoid Baoshang bashing

To keep debt markets stable and defaults under control, the Chinese government is injecting money to help support small and medium-sized banks

June 03, 2019

Foreign funds prod China to reform bond market

The inflow of foreign funds into China's bond market is encouraging it to evolve so that it aligns more closely with international norms.

May 31, 2019

Bank bailout signals Beijing’s support for financial sector

Although the Chinese government's bailout of Baoshang Bank indicates support for financial institutions, not all investors are likely to escape the credit risks of Chinese banks.

May 27, 2019

Can a new white knight rescue Hyflux?

As creditors like BNP Paribas press the Singapore-listed firm for payment, Hyflux is racing against a debt restructuring deadline to find a new white knight.

May 07, 2019

Why Belt and Road debt-trap fears are exaggerated

China's Belt and Road Initiative exacerbates debt risks for poorer nations with weak governance but it is unfair to paint China as a loan shark, US think tanks say.

May 02, 2019

Chinese corporate bond defaults on course to be highest ever

Citic Guoan Group, a subsidiary of state-owned conglomerate Citic, has defaulted on its Rmb3 billion bond. It is the biggest corporate bond default in China so far this year.

April 30, 2019