Construction workers on the Nanchang-Ganzhou high-speed railway in Nanchang of Jiangxi Province on July 18, 2019. Photo: Xinhua Construction workers on the Nanchang-Ganzhou high-speed railway in Nanchang of Jiangxi Province on July 18, 2019. Photo: Xinhua
Construction workers on the Nanchang-Ganzhou high-speed railway in Nanchang of Jiangxi Province on July 18, 2019. Photo: Xinhua

Bonds

Business /  Banking & Finance

China’s July corporate bond defaults jump to a four-month high as funding dries up amid risk aversion in a slowing economy

  • Onshore corporate bond defaults reached at least 14.4 billion yuan (US$2.1 billion) from 14 notes in July, bringing the total year-to-date defaults to 70.9 billion yuan from 89 bonds
  • After two months of declines through May, bond delinquencies are climbing back

Topic |   Bonds
Bloomberg
Bloomberg

Updated: 12:50pm, 2 Aug, 2019

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Construction workers on the Nanchang-Ganzhou high-speed railway in Nanchang of Jiangxi Province on July 18, 2019. Photo: Xinhua Construction workers on the Nanchang-Ganzhou high-speed railway in Nanchang of Jiangxi Province on July 18, 2019. Photo: Xinhua
Construction workers on the Nanchang-Ganzhou high-speed railway in Nanchang of Jiangxi Province on July 18, 2019. Photo: Xinhua
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