Cracks in China’s onshore credit market to widen on tighter leverage, slowdown risks

//Cracks in China’s onshore credit market to widen on tighter leverage, slowdown risks

Cracks in China’s onshore credit market to widen on tighter leverage, slowdown risks

China’s 40 trillion yuan (US$6.2 trillion) onshore corporate bond market is likely to experience more defaults in the second half of this year as some borrowers struggle to cope with the government’s tightening credit measures and efforts to cool the property market.Twelve companies failed to repay interest and principal to creditors for the first time in the first six months this year, according to company filings. Builder Sichuan Languang Development missed a 900 million yuan repayment on…

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By | 2021-07-14T05:19:36+00:00 July 14th, 2021|Business|Comments Off on Cracks in China’s onshore credit market to widen on tighter leverage, slowdown risks