China’s recovery could bring more defaults to light, S&P says

Fidelity says investors should be careful when purchasing the notes of Chinese state-owned enterprises since these can have varying levels of government support.

Chinese people's rights and obligations are determined by their social connections, not their class.

Recent moves by bureaucrats and politicians have local financiers hopeful that the government will limit state involvement in key sectors.

Investors roasted through another default from the industrials sector, as the spotlight falls back on the domestic audit industry.

The significance of private Chinese property developers on the global real estate scene will continue to dwindle in the next few years, as they are overshadowed by their state-owned counterparts. Rating agencies and analysts note the rapid decline of offshore dollar bond issuance by Chinese property participants.

The coronavirus infection is bound to hit China’s wallet hard. Experts expect corporate bond defaults to jump unless regulators can help facilitate changes in repayments.