Making history

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.
The risk of debt default looms over many Chinese firms.
The risk of debt default looms over many Chinese firms.
¬ Haymarket Media Limited. All rights reserved.

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