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 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
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 property

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

Topic |   China property
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 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
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
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