China's first default avoided but questions remain

The Shan’xi mines-backed trust product is bailed out but a default of certain financial products will come sooner or later and it will be good for the market.

The threatened default of a Rmb3 billion ($490 million) Chinese trust fund has been avoided but has nonetheless raised awareness internally about the market's inherent risks.

¬ Haymarket Media Limited. All rights reserved.

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