The People’s Bank of China has vowed to support the nation’s small businesses. Photo: Bloomberg

China’s onshore bond defaults likely to continue rising as ratio matches 2018 record, Fitch says

  • Default rate by issuer count stood at 44 or 1.03 per cent in the first three quarters of this year, Fitch says
  • Chinese companies have missed repayment obligations on onshore bonds worth more than 100 billion yuan (US$14 billion), says Goldman Sachs
Topic |   Bonds

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The People’s Bank of China has vowed to support the nation’s small businesses. Photo: Bloomberg
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