Distressed debt

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

Beijing’s swift efforts to seize control of collapsed Inner Mongolia-based Baoshang Bank appears to have tamped down immediate fears of broader credit problems in China.

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