People celebrate Lunar New Year in Xiamen, in China’s southeastern Fujian province. More than 15 bonds worth 10.6 billion yuan have defaulted so far in 2019. Photo: Reuters

China launches countrywide bonds health check as default wave looms

  • Authorities to check size of liabilities, use of proceeds and progress of projects funded by proceeds
Topic |   Bonds

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People celebrate Lunar New Year in Xiamen, in China’s southeastern Fujian province. More than 15 bonds worth 10.6 billion yuan have defaulted so far in 2019. Photo: Reuters
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