CIFI Holdings Group said that its offshore debts currently stand at US$6.85 billion. Photo: Shutterstock
CIFI Holdings Group said that its offshore debts currently stand at US$6.85 billion. Photo: Shutterstock

Chinese developers spook investors as CIFI halts bond payments after Longfor, Country Garden roil markets

  • CIFI Holdings Group is suspending payments on its offshore bonds and terminating discussions with creditors
  • Global rating agency Fitch downgrades Country Garden, while Longfor deals with fallout from chairwoman’s resignation

CIFI Holdings Group said that its offshore debts currently stand at US$6.85 billion. Photo: Shutterstock
CIFI Holdings Group said that its offshore debts currently stand at US$6.85 billion. Photo: Shutterstock
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