A view of modern skyline in Qingdao city financial district in Shandong. Photo: Shutterstock

In China’s third-largest province, Shandong firms are still reeling from liquidity crunch after default scare

  • Shandong Ruyi, dubbed the LVMH of China, and Xiwang Group face pressure to repay short-term bond maturities despite refinancing efforts
  • Credit risk of private enterprises in the province remains significant with no immediate liquidity relief, S&P Global Ratings says
Topic |   Banking & Finance

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A view of modern skyline in Qingdao city financial district in Shandong. Photo: Shutterstock
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