A view of Shanghai’s skyline with the Suzhou Creek in the foreground and China’s tallest building in the background on August 28, 2018. Photo: Winnie Chung
China braces for another record year of bond defaults as cash-starved developers breach central bank’s red lines for borrowings
- Only 6.3 per cent of all rated Chinese developers can comply with the central bank’s red line limits on debt, according to S&P’s analysis
- Seven developers, or more than 20 per cent of those listed on the Shenzhen, Shanghai or Hong Kong exchanges, are tagged red, according to Northeast Securities
Follow your favourite topic and get notified
A view of Shanghai’s skyline with the Suzhou Creek in the foreground and China’s tallest building in the background on August 28, 2018. Photo: Winnie Chung
